Solvency II
Scrapping the FSA is the right decision for banks but the case is not made for insurers
This is according to Bruno Geiringer, a partner in the insurance group at law firm Pinsent Masons.
Solvency II to have far-reaching impact
Fitch Ratings has said that it expects Solvency II, the European Union's new insurance regulatory regime, to have far-reaching effects on insurers, with both positive and negative credit rating implications.
Canopius promotes four in Lloyd's
Canopius Group has announced a number of promotions following a review of its senior management organisation at its Lloyd's platform, Canopius Managing Agents.
EMB: Company market lags behind Lloyd's on commercial performance
Commercial property insurance rates are unlikely to rise significantly any time soon despite attempts by some companies to talk up the market, according to an assessment by actuarial consultancy EMB.
Comment - ERM & Solvency II: Staying flexible
Liz Taylor warns about taking a mechanised approach to Solvency II and enterprise risk management, claiming an organic and flexible stance is better.
Ansvar status change
Ecclesiastical is proposing to alter Ansvar's legal status to a business division of the group.
Market awaits Apollo's next move on Brit
Lloyd's insurers that have been trading below book value saw their share prices jump following a private equity bid to buy Brit Insurance.
ABI chair calls on government to put words into action over tax reform
The outgoing chairman of the Association of British Insurers Archie Kane, has launched an attack on European law makers for not differentiating between insurance and other financial services.
Interview - Nicola Harvey: Embracing new horizons
Incoming Airmic chairman Nicola Harvey talks to Lynn Rouse about relishing career challenges, working with passionate people and her plans to deal proactively with emerging risks.
ABI welcomes rejection of bank levy
The G20 finance ministers have rejected plans by the International Monetary Fund (IMF) to apply a levy to all financial institions.
Captive insurers urged to participate in Solvency II
The Federation of European Risk Management Associations and the European Captive Insurance and Reinsurance Owners’ Association has urged captive insurers to participate in Solvency II.
Groupama MD: we need to strike right balance with Solvency II
The managing director of Groupama Insurances has questioned whether the "significant distraction" of Solvency II is out of kilter with the effort needed to comply with it, and if it is just a ploy to help "fat consultants get fatter".
Groupama MD: we need to strike right balance with Solvency II
The managing director of Groupama Insurances has questioned whether the "significant distraction" of Solvency II is out of kilter with the effort needed to comply with it, and if it is just a ploy to help "fat consultants get fatter".
Captives - interview: A captivating scene
Katherine Blackler talks to Dominic Wheatley of Willis' captive management practice about his career, the challenges faced by captive managers and the relationships they have with their reinsurance brokers.
Bermuda - legal:Towards mutual recognition
Katie Tornari and David Kendall review the steps towards international compliance that Bermuda is taking to safeguard.
Inside view: Personal injury claims threaten motor insurers
The recent surge in personal injury claims to hit UK motor insurers could have even bigger implications for the reinsurance market, particularly with the unpredictability that periodic payment orders (PPOs) add to the equation, writes Naeem Ali.
Fitch: latest Solvency II proposals expected to increase capital requirements
Fitch Ratings says that the latest QIS5 Solvency II regulatory capital proposals may increase capital requirements for European insurers compared to earlier proposals, depending on insurers' specific characteristics.
Interview - Paul Geddes: Regaining an edge
With a new team in place and a major change programme underway, including 2000 job cuts, RBSI CEO Paul Geddes talks to Jonathan Swift about the need to stay competitive.
View from the top: Solvency 2 - Insurance 0
Ask me what business I am in right now and I will say 'Solvency II'. Because, when I check my diary, I see a wall of meetings geared towards ensuring Groupama's compliance with the UK version of the new European solvency and risk management regulations.
ABI levy 'disappointment'
The Association of British Insurers has revealed its disappointment at the Financial Services Authority's regulatory fees and levies for the next financial year.
Solvency II - P&I Clubs: No going back
P&I clubs depend on their ability to call on members for additional cash. Alistair Groom asks whether Solvency II will increase the likelihood of any supplementary summons.
Insurance buyers - Mactavish report: There may be trouble ahead
The recent Mactavish report had some severe criticisms for the commercial insurance sector. Sam Barrett reports on the warnings it contained.
Towers Watson issues Solvency II insurer warning
Risk management consultancy Towers Watson has warned that insurers may be “cutting corners” in their approach to the Solvency II’s QIS5 exercise.
Swiss Re: Insurers should not ignore 'the elephant in the room'
Against the backdrop of the upcoming regulatory framework in Europe – Solvency II – Swiss Re has outlined how it believes insurance risk managers can shape their companies’ risk management culture in the post-crisis world.