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Insurers see value in run-off portfolios in the current economic crisis

Over 60% of insurance businesses surveyed for a new report by PricewaterhouseCoopers believe the financial crisis is a key issue for the European insurance industry.

This, coupled with the introduction of Solvency II, which is leading companies to focus on their core business activities, means 2010 should be a significant year for the run-off industry as companies

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Axa Partners hit with FCA limitations

Following the Which? super complaint, the Financial Conduct Authority has told Axa Partners UK it cannot grow its current customer base without written permission from the regulator.

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