Regulation
Insolvent insurers not a systemic risk
An insolvent global insurer would not pose systemic risk to the global financial system, according to the latest report by insurance think tank, The Geneva Association.
Insurers pose no systemic risk, says report
International insurance think tank, The Geneva Association, has said insurer wind-downs are always controlled and orderly and insurance does not pose a systemic risk.
Countdown to EIS: Q&A with keynote speaker Bart De Smet
Bart De Smet, group chief executive officer for Ageas is the keynote speaker at Insurance Strategy Europe taking place in Brussels on Wednesday 21 and Thursday 23 March. In the first of a series of articles counting down to the event Insurance Insight…
How will the ECJ gender ruling impact European insurers?
As the national press continues to probe the impact of the European Court of Justice’s gender ruling on the European consumer, Francesca Nyman asks if European insurers can comply and still retain their competitive edge.
New rules for reinsurance writers in India
India’s supervisory authority, the IRDA, has issued new regulatory requirements for reinsurers writing cross border risks in the country.
Eiopa chairman 'concerned' about Solvency II delays
Gabriel Bernardino, chairman of the European Insurance and Occupational Pensions Authority, has said in a letter to the European Commission what supervisors, industry and consumers would "benefit most from is certainty on the implementation of Solvency…
Cyber liability poll results
Will proposed privacy regulation increase the need for cyber liability insurance?
Zurich applauds request for global compliance database
Zurich has applauded Airmic's and FERMA's focus on increasing the clarity of international insurance requirements.
European insurers face ongoing capital challenges
European life and non-life insurers must make difficult strategic decisions in 2012 with the recent European sovereign downgrades adding to capital pressures, according to Ernst & Young’s new Insurance Industry outlook.
City wants regulation simplified
Law firm Evershed’s survey of the City has found that a narrow majority (51%) of City businesses think that Solvency II should be simplified compared to a quarter (27%) who believe that it does not require any changes.
FSA demands 15.6% rise in its final budget
The Financial Services Authority has said it needs a 15.6% increase in funding to £578.4m, up from £500.5m in 2011/12 for its final year as a regulator.
RSA job cuts not mark of wider trend says recruiter
Regulatory changes are likely to keep technical roles in-house, however, the number of support function redundancies are expected to rise as an industry-wide outsourcing trend continues in 2012.
Directors' and officers': Under the spotlight
With boardrooms coming under increasing scrutiny, the potential for expansion in the D&O market is being recognised by savvy insurers, especially in the SME space.
Riot claims: Disorderly conduct
The fallout from last summer’s riot continues to rumble on, with consequential loss claims against the police relying on principles that can be traced back to the age of Robin Hood.
Post magazine – 2 February 2012
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Hong Kong to launch policyholder's protection fund
Hong Kong’s government will establish a policyholder’s protection fund after reviewing the conclusions of a public consultation, according to the region's information services department.
IRDA snubbed as India's finance ministry forms insurance committees
India’s finance ministry has formed four committees to consult on insurance business in the country, drawing representatives from insurance companies, industry bodies, rating agencies and finance ministry officials.
Arc Legal teams up with Swinton Commercial
Arc Legal Assistance has secured a deal to provide commercial legal expenses and an extended online employment manual service to Swinton Commercial.
First Assist "regrets" lack of clarity on Laspo bill
Legal expenses provider First Assist has welcomed the six month delay to the Legal Aid, Sentencing and Punishment of Offenders bill stating it was “a limited reprieve” for those making claims next year.
Slater & Gordon to enter UK legal market
Australian law firm Slater & Gordon has agreed to acquire the business of UK law firm Russell Jones & Walker for £53.8m subject to the grant of an Alternative Business Structures licence by the UK Solicitors Regulation Authority.
Europ Assistance completes MBO
Europ Assistance Holdings has completed a management buyout to become an independent entity.
EC data privacy proposals costly for EU businesses
Proposals for new privacy regulations for companies handling EU citizens’ data may increase demand for cyber liability solutions, according to Lockton.
Solvency poll results
Will Solvency II cause captives to re domicile?
Fresh delay for Solvency II
Solvency II may not be implemented until 2015 – two years later than planned, according to a report in the Financial Times Deutschland.