European Commission (EC)
Hastings eyes Aviva and Allianz in 2012 IPO push - Insurance News Now - 23 June 2011
Post senior reporter Amy Ellis outlines this week's major general insurance stories including the news that the panel of insurers at Hastings Direct has more than doubled in size since an MBO 18 months ago. The firm is due to sign another five companies…
ABI/KPMG: 98% of UK insurer bosses "very worried" by EU impact
The insurance industry has a key role to play in helping UK consumers manage their financial commitments, but first it needs to improve its reputation.
UK to "pilot" new regime if SII deadline delayed
UK insurers risk becoming the guinea pigs of new capital rules surrounding insurance companies if they press ahead with plans to implement the new framework in time for the current 1 January 2013 deadline.
Post Europe: View from the Top: No need for European consumer collective redress
The European Commission is continuing to push for a system of collective redress for consumers that would allow a type of class action litigation.
View from the Top: No need for European consumer collective redress
The European Commission is continuing to push for a system of collective redress for consumers that would allow a type of class action litigation.
Insurers in the dark over E-coli outbreak
A Lockton broker has warned insurers remain in the dark over their exposure to a widespread E-coli outbreak that has killed at least 22 people and left hundreds seriously ill.
XL launches cyber risks policy
XL Insurance has launched a cyber risks solution designed for European businesses.
XL launches cyber risks policy
XL Insurance has launched a cyber risks solution designed for European businesses.
Post Europe: ADR generates mixed views
The European Commission looks set to impose some consistency among the patchwork of alternative dispute resolution systems that currently exist. Vic Wyman assesses what this will mean for the European insurance market.
ADR generates mixed views
The European Commission looks set to impose some consistency among the patchwork of alternative dispute resolution systems that currently exist. Vic Wyman assesses what this will mean for the European insurance market.
Post Europe: P&I Clubs ride out renewal season
Protection and Indemnity clubs have suffered though period where rate increases were as high as 30%, with this season seeing increases at a high of 10% Edward Murray asks if P&I clubs are riding the perfect storm.
€10.9m EU aid for flood damage in Czech Republic
Johannes Hahn, European Commissioner for Regional Policy, has confirmed the European Commission's proposal to allocate aid totaling €10.9m to the Czech Republic, following the severe floods of last August.
European Parliament names Eiopa executive director
Carlos Montalvo has been named executive director of the European Insurance and Occupational Pensions Authority (Eiopa).
European Parliament names Eiopa executive director
Carlos Montalvo has been named executive director of the European Insurance and Occupational Pensions Authority (Eiopa).
Fitch: Solvency II impact “not as bad” as expected
Fitch Ratings has said the impact of Solvency II on insurers’ capital positions will be less significant than originally forecast.
EC takes France to court for failings on industrial pollution
On the recommendation of environment commissioner Janez Potočnik, the European Commission is taking France to the European Court of Justice for failing to comply with European Union rules on industrial emissions.
Biba stands firm on call for FSCS funding changes
The British Insurance Brokers' Association has reiterated its call for a change to the Financial Services Compensation Scheme funding rules before April 2012, after an MP warned the final figure for payment protection insurance mis-selling compensation…
Deadline fears raised over Solvency II implementation
Concerns over increasingly tight deadlines in the run-up to the implementation of Solvency II have been raised on behalf of the insurance industry following publication of the European regulator's fifth quantitative impact study.
KPMG: “much work still to be done” on Solvency II compliance
Accountancy firm KPMG has stressed QIS5 demonstrates many insurers are not yet prepared for Solvency II’s January 2013 implementation.
Lords accuse gender ruling of "preventing true equality"
Members of the House of Lords have criticised the European Court of Justice ruling on gender discrimination in insurance policies and annuities.
Tax on the City of London a step closer
A new tax on the City of London, controlled by the EU, has come a step closer after Labour MEPs backed a European Parliament call for an EU Financial Transaction Tax, Vicky Ford MEP, Conservative economics spokesman, warned today.
Weighing Solvency II impacts on AM Best
Am Best said the implementation of Solvency II is shifting the focus from its quantitative impact to the specifics of the implementation.
Post Europe: Captives and the regulatory environment
Protected cell companies have been making the headlines lately but Vic Wyman reports on whether changes to the regulatory environment might put an end to this.
CEA “deeply disappointed” by ECJ gender-ruling
The CEA, the European insurance and reinsurance federation, is deeply disappointed by today’s judgement by the European Court of Justice (ECJ) that the provision enabling EU insurers to use actuarial and statistical factors based on sex in their risk…