Solvency II
More pragmatic solution for Solvency II needed, says L&G chief
The head of UK insurer Legal & General has lambasted proposed Solvency II measures, saying they are unlikely to work in their current form and may need to be redrawn, Reuters reported.
DLG to axe 70 leadership roles
Direct Line Group is to scrap 70 senior leadership roles across the business as part of the next phase of a programme to achieve £100m in gross annual cost savings by the end of 2014.
Indian insurers and the international expansion challenge
Foreign expansion is touted as the way forward for Indian insurers. But, while some may look overseas for growth, establishing a business outside the country is not an option for most of India's insurers.
US APH liabilities may come back to haunt European insurers
European insurers wanting an idea of the trends coming their way often look to their cousins across the water, knowing that the problems for US insurers today are likely to plague European carriers tomorrow.
Post magazine - 25 October 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Solvency II: The waiting game
With the possibility of further delays to the implementation of Solvency II seeming ever more likely, what will be the impact on insurers?
Cameron McKenna backs FSA Solvency II timetable change
City law firm Cameron McKenna has commended the Financial Services Authority for adapting its implementation timeline for Solvency II.
FSA changes Solvency II compliance timetable
The Financial Services Authority will work on firms' Solvency II internal model approval until 31 December 2015.
UK regulator allows more time for Solvency II implementation
The Financial Services Authority has given insurers more time to get ready for Solvency II, anticipating that disagreements over the final rules could delay its introduction by two years.
Nearly half of insurers won't be Solvency II ready by 2014
While 57% of insurers across Europe think they are on track to comply with Solvency II by January 2014, readiness varies significantly by country, according to Ernst & Young.
Solvency II unlikely to be implemented until 2016
Solvency II rules may not take effect until 2016, Gabriel Bernardino told The Wall Street Journal this week.
Almost half of insurers struggling with Solvency II deadline
Some 43% of European insurers are unlikely to be prepared for Solvency II by 2014, research by Ernst & Young has revealed.
Allianz subordinated bond assigned A2 rating by Moody's
Moody's has assigned an A2(hyb) rating to the 30-year €1.5bn subordinated bond to be issued by Allianz SE.
UK GI market under pressure to focus on pricing
Market conditions for UK non-life insurers remain challenging as the difficult economic environment curbs demand for cover and insurers can no longer rely on reserve releases to improve profitability.
Third delay to Omnibus II vote
The European Parliament's vote on Omnibus II, Solvency II's enabling legislation, due to take place in November, has been pushed back to March 2013.
Q&A with Fiona Le Poidevin, Guernsey Finance
After taking over from Peter Niven in July, Fiona Le Poidevin is just three months into her role as chief executive of Guernsey Finance, the promotional agency for the island of Guernsey. She spoke to Francesca Nyman about raising Guernsey's profile, the…
Top five European stories
The top five stories from www.insuranceinsight.com over the past seven days.
Simple economic capital models could avert financial crisis
The insurance industry needs more dynamic economic capital models if it is to avoid suffering some of the problems exposed during the financial crisis four years ago.
Bernardino blasts "stagnation" in Solvency II talks
Gabriel Bernardino has condemned the "stagnation" in political talks to finalise Solvency II rules in a strongly worded letter to the European Union Commissioner in charge of regulation, Michel Barnier.
EIOPA chairman calls for Solvency II clarity
Gabriel Bernardino, chairman of the European Insurance and Occupational Pensions Authority, has urged the European Commission to press ahead with the "stagnant" Omnibus II negotiations and their impact on Solvency II negotiations.
View from the top: Rooting out the rogues
As scrutiny of the market deepens, bad apples in the industry must be tackled from within, says Mark Cliff.
Lloyd's returns to profit with best combined ratio in five years
A benign catastrophe period helped return Lloyd's to profit in the first half of 2012 with a combined ratio of 88.7% compared with 113.3% in the same period last year.
Analysts reiterate 'buy' recommendation after 'excellent' H1 for Gable
Gable Holdings has this morning reported a 26% increase in gross written premium of £15.4m in the first half of 2012, in a set of results that also show a 55% rise in pre-tax profit to £3.2m.
Lloyd's backs IPO access for small companies
Lloyd's of London has welcomed lower barriers to entry to the London Stock Exchange for small companies.