Solvency II
Solvency II drives increase in Lloyd's legacy portfolio sales
An increasing number of firms are looking to dispose of their legacy portfolios as Solvency II puts pressure on capital requirements.
Concern expressed as 'rigorous' SIMR adds pressure on senior roles
Insurers have welcomed the launch of the Senior Insurance Managers Regime, however, there remains uncertainty as to what extent top ranking employees will be impacted.
Analysts rate Aviva's top of range SII ratio
Analysts have praised Aviva's 2015 full-year results report highlighting the insurer's Solvency II ratio of 180%, which was 20% ahead of some forecasts.
RSA's Innes to chair ABI prudential regulation forum
The Association of British Insurers has launched an industry forum on prudential regulation with RSA group capital and financial risks director David Innes appointed as chair.
Editor's comment: Be prepared
With the very definition of insurance being something that provides protection against a possible eventuality, I like to imagine that all insurers must have been scouts.
UK authorities right to flag Solvency II concerns prior to 2018 review
Wide-ranging criticism of the nascent Solvency II regime by the UK has received initial support, despite the fact that the regulatory system is little over a month old.
Slovenian insurers could see lower capital ratios under Solvency II
Capital ratios for Slovenian insurance companies could be lower under Solvency II than they were under the Solvency I regime, according to Fitch Ratings.
Competition concerns spark UK government's call for Solvency II changes
Certain elements of Solvency II could be changed if concerns expressed by the UK government and regulators about the EU regime sparking anticompetitiveness are heeded.
Europe: Bring on Bermuda
Following six years of regulatory work, Bermuda is poised to receive European Parliament approval for Solvency II equivalence
C-Suite - Insurer: Brexit: what could it mean?
Uncertainty over the UK’s membership of the European Union is causing discomfort at senior level.
Risk Management: What next for risk?
There remains regulatory pressure on insurers despite Solvency II models gaining approval.
Blog: Solvency II to fuel further consolidation in 2016
During the last 12 months, insurers have responded to the prevalent commercial, economic and regulatory pressures by stepping up mergers and acquisitions activity, cutting costs and rationalising non-core activities.
Beale challenges Carney on SII investment weightings
Lloyd's CEO Inga Beale has hinted the Bank of England should consider different capital weightings under the Solvency II regime depending on what a company's investment policy is.
Acromas offloads tax losses to Saga for £7.65m
Over-50s insurer Saga is to acquire tax losses from Acromas SPC Co and Acromas Mid Co - a 31.5% shareholder in Saga, worth £15.3m, according to a Saga trading statement.
Blog: From AIG to Zurich, five predictions for insurers in 2016
Now that we have all had a chance to get back into our pre-Xmas routines; quit our cous-cous diets and break our new year’s resolutions, I thought it would be a good time to look into my crystal ball and predict how the year might pan out for insurers.
Capital capacity remains in reinsurance market as Solvency II hits
Excess capacity in reinsurance will continue through 2016 with European companies already factoring Solvency II into their buying strategies, according to analysis from Guy Carpenter.
EY predicts busy 2016 for insurers with SII implementation
Professional services firm EY has warned insurers and regulators to prepare for a busy 2016 as companies start to embed the Solvency II Directive.
ABI reassures policyholders they will not be affected by SII
UK insurers are well-prepared for the implementation of Solvency II capital rules on 1 January 2016, according to the Association of British Insurers, which has assured policyholders they will not notice any changes under the new scheme.
Interview: Aviva Commercial Lines: On top of the world
Three of Aviva’s commercial lines management team tell Post their plans for building on a business that is already in good shape.
PRA approves 19 SII internal models
The Prudential Regulation Authority has approved the use of a full or partial internal model under the Solvency II Directive for 19 insurers for use from 1 January 2016.
Peer-to-peer insurers tipped as attractive M&A targets
Acquiring peer-to-peer insurance companies has been tipped as a way for traditional insurers to protect market share as the demand for insurance products changes, a Deloitte report claims.
Allianz's internal SII model gets regulators' approval
Allianz Insurance, as part of the Allianz SE group, has gained regulatory approval to implement an internal model to calculate capital requirements under Solvency II.
Pressure building as Solvency II enactment enters final countdown
As the Solvency II countdown enters its final stages industry observers are warning some insurers will struggle to be ready by the 1 January start date and that there could be more pain on the horizon.
L&G GI premiums slide 11% in nine months
Legal & General has reported an 11% drop in general insurance gross premiums for the nine months ended 30 September 2015 to £251m (9M 2014: £282m).