EU regulator urges insurers to scrap dividends and share buy backs due to Covid-19
Insurers should suspend discretionary dividends and shareholder bonus payouts until the impact of the coronavirus pandemic becomes clearer, the European Union insurance regulator has warned.
Yesterday evening the European Insurance and Occupational Pensions Authority issued a statement cautioning insurers to take a prudent approach to payouts and a “forward-looking” approach to assessing
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: http://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@postonline.co.uk
More on Regulation
Spring Statement 2025: What insurers should know
Chancellor Rachel Reeves delivered her 2025 Spring Statement today (26 March) with a mix of spending cuts, investment pledges, and economic forecasts.
London Market arranges training to stamp out misconduct
Following the publication of the Financial Conduct Authority’s report on non-financial misconduct in the wholesale specialty insurance market, the Lloyd’s Market Association, International Underwriting Association, and London and International Insurance Brokers’ Association have launched a new joint training programme.
FCA unveils new strategy to ‘support growth’
The Financial Conduct Authority has launched a new five-year strategy that the regulator’s chiefs claimed will “deepen trust, rebalance risk, support growth and improve lives”.
Roles that got a pay rise or cut in insurance revealed
Some insurance employees in 2024 enjoyed a 15% uptick in their salary while others saw their wages fall by nearly 10%, according to Reed’s Salary Guide for 2025.
How the Battle of Hastings could hurt insurers
Editor’s View: Hastings Insurance’s victory over HM Revenue & Customs marks a significant turning point for insurance intermediaries and their ability to recover VAT, according to Emma Ann Hughes.
