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S&P cautions reinsurers on ratings

Standard & Poor’s (S&P) has claimed that parts of the global reinsurance market continue to have misconceptions about the ratings agency’s approach to assessing reinsurers’ financial strength.

“Parts of the reinsurance community continue to focus on capital adequacy as though it were the pre-eminent driver of financial strength when, in fact, it constitutes only a part of one of the eight

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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.

Big Interview: Chris Knight, Financial Conduct Authority

The Financial Conduct Authority’s new director of insurance, Chris Knight, speaks exclusively to Insurance Post about premium finance, why enforcement action against firms that fail to comply with the Consumer Duty is looming plus whether the watchdog could soon scrutinise ChatGPT.

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