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S&P: Bermuda riding high but tough renewal looms

Ratings agency Standard & Poors has published a report highlighting a financially strong Bermuda (re)insurance market, but one facing difficult challenges as the market softens.

Entitled Will The Good Times Last For Bermudian Re/Insurers? the report highlighted the strong financial performance of the market in the first nine months of 2007, citing solid 2006 pricing, prior

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FCA vows to keep pressure on premium finance APRs

The Financial Conduct Authority has said it will “continue to put pressure” on companies offering premium finance in a bid to continue lowering annual percentage rates after revealing the impact its enforcement action has had so far.

FCA’s Knight insists CPD changes are not a relaxation

The Financial Conduct Authority’s decision to ditch its 15-hour-per-year continuing professional development requirement for insurers should not be viewed as a relaxation of standards, according to the regulator’s director of insurance, Chris Knight.

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