Solvency II
Small firms to welcome Solvency II delay
Smaller UK firms will be relieved by the Solvency II deadline delay as it allows more time to prepare.
Clarity needed on Solvency II
Lloyd's has responded to the Financial Services Authority Solvency II revisions.
ABI says Solvency II delay ‘sensible’
The Association of British Insurers has described the Financial Services Authority’s announcement on the delay to Solvency II as “sensible”.
FSA expects Solvency II to be delayed
The Financial Services Authority has said it expects insurers to have to comply with Solvency II rules from the delayed 1 January 2014 date.
FSA set to announce Solvency II deadline decision "soon"
The Financial Services Authority has said it is to announce the deadline for implementing Solvency II “soon”.
Insurers prepare for next solvency step before Solvency 2 is even implemented
While insurers continue to prepare themselves for the implementation of Solvency II in January 2013, many in the market are already anticipating the next regulatory regime change.
German insurers face endurance test, says S&P
German insurers are being tested by challenging conditions in the financial markets, according to Standard and Poor’s.
Irish VHI loses ECJ case
The European Court of Justice has found that Ireland infringed European law by exempting VHI from insurance rules.
BIS 2011: Regulation and balance sheet concerns blamed for below book trading
A combination of balance sheet concerns and the impact of Solvency II was identified as the main reason why insurers are trading below the book by delegates at the British Insurance Summit yesterday.
Your say: The real postcode lottery
Jack Straw’s Bill has not been particularly well thought out, specifically the point relating to postcode rating. In my view there are two very good reasons why this part of the bill should be changed.
Market moves: Getting ready for the fourth quarter
Lloyd’s players were the most active recruiters this week as the insurance industry looks forward to the fourth quarter. A number of underwriters in the London Market made appointments, with a view to strengthening their teams. Moves among insurers…
News analysis: Insurance industry feels the shockwaves of the economic meltdown
It has been hard to escape the doom and gloom of the volatile stock market and wider economic woes over the past week.
Online this week
The top ten stories from www.postonline.co.uk
View from the top: Time for action
Insurers must fight to protect their fundamental purpose faced with the threat of external interventions, says Barry Smith, CEO, Ageas UK.
Top 100 UK insurers supplement: A man for all seasons
As CEO of Ageas UK for the last decade, radical changes in distribution, more intelligent use of capital and the financial turmoil are just a few of the changes Barry Smith has witnessed.
Top 100 UK insurers supplement: Steadying the ship
After a tough 2009, the top insurers have managed to maintain GWP levels in 2010 but snapping at their heels are a few new entrants doing their best to prove there is still money to be made in general insurance.
Omnibus II points to 2014 Solvency II implementation date
The European Council has now agreed a position on Omnibus II as detailed in the accompanying paper to the redraft issued late last week, according to KPMG.
Lloyd's and ABI band together on Solvency II
Lloyd’s and the Association of British Insurers’ are working together on a proposal that will allow the London market to push ahead with implementing Solvency II - even if it is delayed until 2014.
MGAA launch: Changing perceptions
Delayed since 2010, the Managing General Agents Association launched this month, with a brief to ensure the insurance industry and regulators understand exactly what role MGAs perform.
Stable rating outlook for Dutch insurance sector
The rating outlook for the Dutch insurance sector is stable, indicating that a vast majority of Dutch insurer ratings are likely to be affirmed over the next 12-24 months.
MGA data requests rise as Solvency II bites
Managing general agents will have to provide insurers with more detailed data to drive down the costs of implementing Solvency II, according to an underwriting and claims director at Towergate.
Ask the Expert
With all the recent turmoil in the markets, how is the insurance industry faring in terms of new job creation?
IMIA 2011 preview: Setting the agenda
With Amsterdam playing host next week to the 44th International Association of Engineering Insurers annual conference, IMIA chairman Neil Clutterbuck previews the event.
European insurers facing increasingly stricter regulatory frameworks
Regulatory, accounting and rating agency changes are occurring rapidly globally, albeit at a different pace by region.