Solvency II
Top five European news stories
The top five stories from insuranceinsight.com over the past seven days.
Insurance Europe welcomes Solvency II impact assesment
Insurance Europe has welcomed news that the European Union will undertake an impact assessment on measures to deal with long-term guarantee issues in Solvency II before finalising the Omnibus II text.
Solvency II could face more delays
Disagreement between European Union member states over the final shape of Solvency II could further delay the implementation of the regulations, Reuters reported yesterday.
More SII delays "regrettable" but necessary
The European insurance and reinsurance federation, Insurance Europe, has welcomed a decision to finalise the impact assessment on measures to deal with long-term guarantee issues in Solvency II before finalising the Omnibus II text.
Periodical payment orders: Struggling with settlements
Periodical payment orders are being used to settle increasing numbers of serious personal injury claims, and their popularity is likely to continue. How can insurers cope with the challenges they present?
EU may delay Solvency II
Michel Barnier, the European Union commissioner in charge of regulation, has attributed a potential delay to Solvency II to wrangling between member states over the shape of the regulation.
Alternative Business Structures: a blueprint for change?
Despite the possibilities presented by Alternative Business Structures, there has been only a muted response from the insurance industry thus far.
'Credibility' of industry hinging on trialogue talks, says PWC
The reputation of the European insurance industry is in the balance as talks continue on the final text of Omnibus II, according to PWC.
Clyde & Co recruits Paris partner
The law firm has recruited former Dewey partner Yannis Samothrakis to boost its global corporate insurance practice.
Morningstar to offer Fitch data with web tools
Morningstar, the independent investment research provider, is now offering Fitch Credit Ratings data in its bespoke suite of website tools and data feeds that help institutional clients conduct credit risk analysis and meet regulatory reporting standards.
Insurers finalising Solvency II preparations despite delays
Delays to the Solvency II framework have not dampened insurer appetite for Solvency II products, according to Interactive Data.
Asian View from the Top: Prudential insurance regulation - an evolving game-changer
Changes in prudential regulatory developments the world over are expected to have a significant impact on operational costs, the competitive landscape and the number and form of market participants in Asia Pacific.
Solvency II timetable 'extremely tight' for insurers
Complete and accurate data is at the heart of the challenge to ensure that insurers are treated fairly under Solvency II, according to Allianz's Peter Keller.
Generali reaches new agreement to sell Israeli Migdal
The Generali Group has reached a new agreement to sell its entire 69.13% stake in Israeli firm Migdal Insurance and Financial Holdings to Eliahu Insurance Company.
KPMG demands clarity on Solvency II start date
KPMG's insurance director has called for a definitive statement on the Solvency II implementation date following the European Parliament's decision to defer the vote on the proposed Omnibus II amendments.
SS&C launches customisable Solvency tool
SS&C Technologies has launched CAMRA I-Risk, a tool for insurers to address emerging Solvency standards by combining financial reporting capabilities with a position-based stochastic simulation model.
Further delays to Omnibus II
Omnibus II has been delayed again with the new date of implementation set at 20 November, Post understands.
Charles Taylor revenue strong and steady at £53m despite 'subdued' claims environment
Insurance business Charles Taylor Company delivered a stable performance during the first half of the year, with a flat revenue of £53m (2011:£49.3m), thought to be due in part to a series of one-off charges and a "subdued" energy claims environment.
Labour ministers slam Solvency II anti-competitiveness
The Labour Party has criticised the Solvency II directive for potentially damaging competition in the UK insurance market.
ITAS Mutua rating affirmed at 'BBB'
Italian insurer ITAS Mutua's has had its insurer financial atrength rating affirmed at 'BBB' with a negative outlook.
Swedish insurer on cusp of record private equity sale
Swedish insurance group Länsförsäkringar is close to selling a €1.5bn portfolio of private equity interests, which if completed would be one of the largest divestments by a European institution.
Eurozone crisis: Continental thrift
Trouble in the Eurozone is causing headaches for governments across the continent, but what impact will it have on the insurance industry? And how can companies prepare?
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.