European Union (EU)
US targets two insurers, banks, shipping and energy sector in new Iran sanctions
The US Treasury on Wednesday blacklisted more companies – putting them off limits to US businesses - including two insurers.
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.
Rating agencies on the EC's radar as it aims to improve supervision
As part of its work on preventing a future financial crisis and strengthening the financial system, the European Commission has put forward amendments to the EU rules on credit rating agencies and launched a public consultation on reforming corporate…
Postscript - 10 years ago: Europeans get Chinese permission
Looking through Post's back cataloguepaints a unique picture of more than 150 years of insurance news, as this highlight from 10 years ago reveals.
Professional indemnity - design rules: The load of codes
With 10 new Eurocodes replacing long-established design codes for the construction industry, Martyn Francklow questions the quick changeover period and analyses their potential to generate professional indemnity claims.
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.
Former EU ambassador chosen to lead new Irish financial services push
Ireland’s international financial services industry, in a private sector initiative, has announced its intention to create the role of chairman of IFSC Ireland.
Former EU ambassador chosen to lead new Irish financial services push
Ireland’s international financial services industry, in a private sector initiative, has announced its intention to create the role of chairman of IFSC Ireland.
CCIR praises EU for blasting US reinsurance tax proposals
The Coalition for Competitive Insurance Rates (CCIR) has commended the European Union for "speaking out against a controversial tax proposal” on affiliated reinsurance included in President Obama's 2011 budget proposal.
Solvency II could see MGA rise
The rise in capital requirements due to Solvency II could drive up the number of managing general agents in the UK market.
Intermediaries team up to make PMI sales push
Two independent health insurance intermediaries have teamed up to offer a range of cover for children and people who travel abroad for medical or cosmetic treatment.
Solvency II fears
One third of UK insurers are not confident that the industry will be able to achieve compliance to the Solvency II rules by the 2012 European Union deadline.
EC to delay Solvency II implementation to coincide with financial years
The European Commission is set to delay the implementation of the Solvency II directive by two months for accounting purposes.
CEA boss outlines concerns to Commission public hearing
The CEA, the European insurance and reinsurance federation, today reiterated its support for the EU’s new Solvency II regulatory regime but called for more work to be done on the Level 2 measures that will put the flesh on the bones of the Framework…
Moody’s expects European M&A rebound
Ratings agency Moody’s has predicted an upswing in mergers and acquisitions in the European insurance market in the coming months.
FERMA welcomes new EU insurance BER
The Federation of European Risk Management Associations has welcomed the adoption of the new EU insurance block exemption regulation by the European Commission on 24 March 2010.
Ceiops chair outlines latest thoughts on GI proposals
In a letter to Jörgen Holmquist, director general, European Commission internal market and services directorate general, the Ceiop chair Gabriel Bernardino has submitted the last set of advice on the Solvency II level 2 implementing measures which have…
GI industry braces for battle with Ceiops
The Committee of European Insurance and Occupational Supervisors has been urged to lower its solvency capital requirement standard formula following the opening of the pre-application process for internal models.
Zurich revisits action plan as Quinn faces 12 April D-day
Zurich has outlined its appetite to renew business currently held by Quinn Insurance's UK arm, by offering brokers and customers a 90-day hold covered facility.
Election 2010 - Industry Q&A: Question time
In the final part of the countdown to the general election, Post took questions from the leading lights of the insurance industry and put them to the three main political parties.
The Post Europe Interview: Dr Jochen Messemer
Dr Jochen Messemer, ERGO Versicherungsgruppe AG board member responsible for international operations answers Post Europe's questions.
CEA concerned about impact of partially renewed insurance BER
The CEA, the European insurance and reinsurance federation, is concerned that the only partial renewal of the Insurance Block Exemption Regulation, as adopted today by the EU College of Commissioners, will reduce cooperation between insurers, to the…
CEA concerned about impact of partially renewed insurance BER
The CEA, the European insurance and reinsurance federation, is concerned that the only partial renewal of the Insurance Block Exemption Regulation, as adopted today by the EU College of Commissioners, will reduce cooperation between insurers, to the…