Brexit
EU insurers to be granted UK access after Brexit
European insurers operating in the UK will be able to continue to do so even after Brexit, according to plans outlined by the Prudential Regulation Authority.
Relief as IDD deadline extended by seven months
Insurers have received an early Christmas present in the form of a proposed delay of seven months to the implementation of the Insurance Distribution Directive.
Navigators secures market access through Belgian acquisitions
Navigators has purchased two Belgium-based businesses in a €35m deal which it hopes will allow continued access to the European market after Brexit.
Spotlight on professional indemnity: Media and technology sectors
Taking risks is in the DNA of many media and technology firms and insurance should be the enabler that allows them to do this effectively.
Allianz’s Axel Theis on the positive signs for global trade
Concerns remain but outlook for global trade shows positive signs, says Axel Theis, member of the board of management of Allianz SE.
Interview: Stephen Hines, Forum of Insurance Lawyers
In November, the Forum of Insurance Lawyers appointed Stephen Hines as its 22nd president in its 25th anniversary year. Post sat down with him to discuss his aims and ambitions for the group.
Liberty to redomicile to Luxembourg
Liberty Specialty Markets will redomicile its insurance company from the UK to Luxembourg, rather than set up a separate legal entity.
Sector welcomes PM’s first Brexit deal
The insurance sector has welcomed news that the UK and EU plan to move onto the next phase of Brexit talks but stresses the need for certainty on the UK’s future trading relationship with the bloc.
Blog: Options to access the EEA market after Brexit
Kieran Jones, head of insurance and partner at Weightmans, explains how insurers may continue to write business in the European Economic Area after Brexit.
ABI highlights £35bn industry contribution to UK economy
Insurers and long term savings firms paid out £160m to customers last year, the equivalent to the cost of around 700 houses.
Blog: Insurers need to manage currency risks
George Chapman, in charge of fund and institutional sales at Afex, explains how insurers can manage currency risks after the fall in sterling following the UK's vote to leave the European Union.
Government must solve passporting rights, says FCA CEO
The government must solve the problem of passporting rights to secure the future of the insurance sector after Brexit, the Financial Conduct Authority’s CEO has warned.
LMG outlines post-Brexit free trade agreement
The London Market Group has outlined a free trade agreement for the insurance sector to help the industry navigate trade issues during Brexit negotiations.
Analysis: Review of the year 2017
The past year has been a stormy one for the insurance market – and not just in terms of weather: the discount rate saga and the insurance premium tax hike helped propel motor premiums to stratospheric highs. Industry figures see clearer skies, however,…
Brexit: Sompo International to set-up Luxembourg operation
Bermuda-based P&C (re)insurer Sompo International is planning to establish a European headquarters in Luxembourg.
Motor premiums to fall next year from Ogden and whiplash changes: EY
Motor premiums could fall in 2018 as an expected change in the Ogden rate could reverse some of the losses faced by insurers, EY said.
This Week in Post: Winter wine and Amazon advances
This week I attended a briefing on hostage negotiation skills organised by an underwriting association and a wine tasting hosted by a rehabilitation provider.
‘Strike deal to halt Brexit exodus from City,’ government warned
The government must secure an urgent transition deal for financial services to halt an exodus from the City, a senior peer has warned.
Q&A: Mike Brown and Alistair Kinley, BLM
The insurance industry is currently battling with a multitude of uncertainties: Brexit, Ogden, and the impact of technology. Mike Brown, senior partner, and Alistair Kinley, director of policy and government affairs, BLM, spoke to Post about how those…
Irish regulator seeks Brexit contingency plans from insurers
Ireland’s insurance regulator has raised concerns over contingency planning of the sector in the run-up to Brexit.
Japanese insurer to establish Brexit base in Luxembourg
Japanese insurer Aioi Nissay Dowa is restructuring its European operations in preparation for Brexit.
Digital Insurance World 2017: Brexit will impact investment into UK insurtech
There are remaining uncertainties surrounding Brexit contingency plans and how a divorce from the European Union will affect investment into insurtech.
MPs urge PRA to review Solvency II
The Prudential Regulation Authority must develop proposals to remove the limitations of Solvency II for the insurance market, MPs have said.
International: Trade credit demand is up
European political instability and financial regulations are pushing demand for trade credit cover, especially from banks that are keen on optimising their capital.