European Commission (EC)

LMA warns of over-regulation of Lloyd's

The Lloyd’s Market Association has warned the proposed regulatory system for the UK is being created around the banks which will make it over-engineered, unsuitable and unjustifiably costly for the general insurance industry.

Environmental liability: The carrot or the stick?

The idea of a new compulsory insurance class appears to represent opportunity to some and a major risk to market stability for others. Ralph Savage reports on how compulsory financial provision for environmental damage is viewed and whether it could ever…

Post Europe: Remedy sought for global compliance headache

International business must keep compliant with shifting insurance regulations and tax regimes across the world, and on the back of research by Ferma Peter den Dekker asks if a single database could help reduce cost bases within impairing competition.

European super regulator rules passed

Rules passed today which create three new European Supervisory Authorities and a European Systemic Risk Board keep national regulators at the fore whilst ensuring a common rule book to prevent future economic crises, Kay Swinburne MEP, European…

European super regulator rules passed

Rules passed today which create three new European Supervisory Authorities and a European Systemic Risk Board keep national regulators at the fore whilst ensuring a common rule book to prevent future economic crises, Kay Swinburne MEP, European…

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.

EC opens antitrust investigation into insurance

The European Commission has opened formal proceedings to investigate whether certain provisions accompanying claim-sharing and joint-reinsurance agreements in the marine insurance sector might infringe European Union antitrust rules.

Moody's affirms Aegon rating

Moody's Investors Service affirmed the A3 senior debt and Baa2 subordinated debt ratings of Aegon and the A1 insurance financial strength ratings of Aegon's US life insurance operating companies.

View from the top: Singing from same sheet

Despite being an industry that is not short of executives with opinion, and whose job is to take a view on risk, insurance collectively is a 'shrinking violet' — with no body or mechanism whose job it is to speak out on behalf of the industry.

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