Solvency II
BIS 2010 - News: UK industry 'too fragmented' to have international impact
The UK insurance industry may fail to get its voice heard at home and on an international stage because it is too "fractured".
BIS 2010 - Introduction: The view from the hill
Anthony Gould outlines the key debating points from two busy days in Tower Hill.
Report reveals European insurance buyers fear price hikes
Almost half of all European insurance buyers are concerned current economic conditions could lead to an increase in the cost of cover, research by the Federation of European Risk Management Associations has revealed.
Interview - James Shea: Going back to basics
Two years on from 'AIG day' Mairi MacDonald met the newly appointed managing director of Chartis UK James Shea to discover his plans for the company.
Post powerlist 2010: The influential crowd
Over the past 12 months the UK insurance industry has faced the global recession head on, taken the change of government in its stride and has shown that it is ready to face oncoming regulation in the form of Solvency II. Below we name the major players…
Future market challenges: After the storm
Amid the unprecedented economic pressures and turbulence of recent years, the insurance industry has performed admirably. Now Mark Winlow urges companies to concentrate on the key catalysts for change and understand the consequences their responses will…
Monte Carlo preview - Destination: Monaco
Reinsurers viewing customers as commodities - Barbican.
Rethink: Rates caution as Monte Carlo approaches
Our monthly round-up of readers' opinions shows that rates are stable with little sign of imminent change as the market gears up for the Monte Carlo Rendezvous.
BIS 2010: XL head compares insurers to doctors who smoke
In highlighting the importance for clients to understand an insurers' risk, Nigel Bamber, XL Insurance head of client relationship management UK, asked today's British Insurance Summit: "Is the insurer like a doctor who smokes?"
BIS 2010: Baugh claims UK insurance industry lacks cohesive voice
The UK insurance industry may fail to get its voice heard at home and on an international stage because it is too “fractured”.
BIS 2010: Aviva CRO highlights Hodges role in promoting risk management
Aviva UK chief executive officer Mark Hodges made improving the firm’s risk management a top priority after taking up the role, according to the insurer’s group chief risk officer Robin Spencer.
BIS 2010: M&A activity predicted to increase as Solvency II takes hold
Pressures arising from compliance with Solvency II may instigate a wave of M&A activity, a panel of leading industry figures has predicted.
Ceiops welcomes Euro-super regulator news
The CESR, Committee of European Banking Supervisors, and Committee of European Insurance Occupational Pensions Supervisors have welcomed today’s decision of the European Parliament to endorse the EU financial supervision reform package.
BIS 2010: Fortis issues SII standard model warning
Fortis has warned insurers against using a standard formula to set capital requirements for Solvency II.
Mutuals called to engage with Solvency II debate
The Association of Mutual Insurers and Insurance Cooperatives in Europe has called for its members to participate on the ongoing “debate” about the final design of Solvency II.
S&P: Congregational & General outlook “positive”
Standard & Poor’s has confirmed the upgrade of Congregational & General Insurance to 'positive' from 'stable'
PWC: Expect more solvent schemes
At the Monte Carlo rendez-vous, Pricewaterhouse Coopers told delegates it expects the number of insurers and reinsurers entering solvent schemes to grow.
“Need for improvement in insurance regulation” Swiss Re warns
A study from reinsurer Swiss Re has found that despite the insurance industry's performance during the financial crisis, the turmoil exposed “flaws” in the way insurers are regulated.
GC launches global P&C report
Despite spiralling losses, global reinsurance rates generally declined through the 2010 reinsurance renewals, according to Guy Carpenter.
New risks and regulation “reshaping” reinsurance industry, says Towers Watson
Professional services firm Towers Watson, has asserted that the growing complexity of reinsurance structures in recent years has ramped up demands on buyers and “radically transformed” the industry.
IUMI conference preview: Ready to launch
Eric Alexander previews the upcoming International Union of Marine Insurance conference in Zurich and predicts what the hot topics for the market will be.
BIS countdown - outsourcing innovation: Major makeover
As growth demands surpass in-house capabilities, Jeremy Owenson looks at how modern day outsourcing can more easily produce mutually beneficial solutions.
Post Europe Interview – Tara Kneafsey
Latvia’s insurance market is young and has been hit hard by the global recession, Tara Kneafsey, CEO of RSA Latvia, Balta, talks to Stephanie Denton about how the market has been able to innovate and how holding rates will be crucial to future survival.
European super regulator could be in place by 2011 pending 7 September vote
EU authorities are to get tough new powers to settle disputes among national financial supervisors and to ban risky financial products and activities, in a revamp of EU financial supervision plans agreed on Thursday.