Solvency II

Coalition government: State of the nation: one year on

Last week's overwhelming 'no' vote in the referendum on the UK's voting system has only served to deepen divisions and highlight political polar positions within government, but how does the insurance industry rate the coalition's first 12 months in…

Moody's comments on Solvency II QIS5 capital adequacy results

Moody's Investors Service said that the results of the fifth Quantitative Impact Study suggest that most European insurers will be able to transition to the new Solvency II regime without the need to raise capital, as capital levels exceed the solvency…

Allianz rules out Part VII transfer

Allianz has ruled out following Aviva and Royal Bank of Scotland Insurance in applying to the High Court for a Part VII transfer under the Financial Services and Markets Act.

RBSI to merge underwriting functions

Royal Bank of Scotland Insurance is to merge the underwriting functions of its general insurance brands in preparation for Solvency II.

Lloyd's motor result reflects 'torrid' time

Lloyd's finance director Luke Savage has said Lloyd's 2010 UK motor insurance result reflects the "torrid" experience of the whole market within that class of business. Its motor book reported an underwriting loss of £520m (2009: £83m loss) and a…

European insurers voice "urgent" Solvency II fears

Representatives of the European insurance industry have written to the European Commissioner for the Internal Market and Services, Michel Barnier, to ensure that the “overly conservative and prescriptive” elements it believes are contained in the draft…

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