Regulation
FSA seeks more 'intrusive' resilience benchmarking
Brokers have backed publication of a consultation document by the Financial Services Authority, Bank of England and HM Treasury that considers options for a financial sector resilience benchmarking programme.
FSCS increases broker levy fees
The Financial Services Compensation Scheme has increased its total levy on insurance brokers from £61m to an estimated £93.5m for 2011/12.
Post Magazine – 3 February 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
UK brokers call for FSA talks – Insurance News Now – 2 February 2011
Post reporter Amy Ellis outlines this week’s major general insurance stories, including how some UK brokers are calling for a meeting with the FSA to discuss concerns over the increasing level of intervention in compliance issues by the regulator.
CMS warns of cost of “twin peak regulation”
Law firm CMS Cameron McKenna has claimed that insurance companies will be hit hard by the Financial Services Authority’s Annual Funding Requirement due to the cost of the change in regulator.
Insurers facing FSA SII levy increase
The Financial Services Authority has revealed plans to increase its levy for the implementation for Solvency II from £29m to £46.4m.
Insurers facing FSA SII levy increase
The Financial Services Authority has revealed plans to increase its levy for the implementation for Solvency II from £29m to £46.4m.
S&P: Omnibus II will stabilise insurer rating environment
Standard & Poor's today said it believes the European Commission's publication of its proposed revisions - known as Omnibus II - to the Solvency II directive, will have a stabilising impact on the market.
S&P: Omnibus II will stabilise insurer rating environment
Standard & Poor's today said it believes the European Commission's publication of its proposed revisions - known as Omnibus II - to the Solvency II directive, will have a stabilising impact on the market.
EU Directive will sharpen the finance agreements of credit hire organisations
The forthcoming Consumer Credit (EU Directive) Regulations 2010 may help the insurance industry deal with dubious credit hire agreements, according to Horwich Farrelly.
EU Directive will sharpen the finance agreements of credit hire organisations
The forthcoming Consumer Credit (EU Directive) Regulations 2010 may help the insurance industry deal with dubious credit hire agreements, according to Horwich Farrelly.
European M&A falls to all-time low
The volume of mergers and acquisition deals targeting Western Europe fell to a 12-month low in January, according to preliminary findings from Zephyr, the M&A database.
European M&A falls to all-time low
The volume of mergers and acquisition deals targeting Western Europe fell to a 12-month low in January, according to preliminary findings from Zephyr, the M&A database.
Not seeking equivalence is in the interest of clients in Guernsey
Heritage Insurance Management has welcomed the announcement made by the authorities in Guernsey that it has no plans to seek equivalence under Solvency II.
Not seeking equivalence is in the interest of clients in Guernsey
Heritage Insurance Management has welcomed the announcement made by the authorities in Guernsey that it has no plans to seek equivalence under Solvency II.
Building the right model for Solvency II
The different levels of readiness and varying budgets among insurers revealed in the report Getting set for Solvency II recently released by Pricewaterhouse Coopers surely came as no surprise to the insurance industry.
Interview – Robert Hiscox: Opinions of the insurance industry
Robert Hiscox is never one to hold his tongue. When Daniel Dunkley met him to talk about current market conditions, he was as forthright as expected on the FSA, ABI, government policy and price-matching practices.
Delaying Solvency II "risky" claims PwC partner
Insurance companies have been warned that it would be a "risky strategy" to delay the implementation of Solvency II on the basis of the Omnibus II directive.
Lord Jackson pushes for full implementation of reforms
Lord Justice Jackson has outlined his intention of securing a complete implementation of his civil litigation reforms.
Post Magazine – 27 January 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
ABI responds to FSA product intervention paper
The Association of British Insurers has responded to the discussion paper published by the Financial Services Authority.
FSA launches consultation on product intervention
The Financial Services Authority has published a discussion paper about how the FSA, and the proposed Consumer Protection and Markets Authority should pursue the objective of consumer protection and specifically the issue of product intervention.
Guernsey rejects idea of equivalence under Solvency II
The authorities in Guernsey have no plans to seek equivalence under Solvency II, according to the Guernsey Financial Services Commission and the States of Guernsey Commerce and Employment Department.
Guernsey rejects idea of equivalence under Solvency II
The authorities in Guernsey have no plans to seek equivalence under Solvency II, according to the Guernsey Financial Services Commission and the States of Guernsey Commerce and Employment Department.