Solvency II
“Need for improvement in insurance regulation” Swiss Re warns
A study from reinsurer Swiss Re has found that despite the insurance industry's performance during the financial crisis, the turmoil exposed “flaws” in the way insurers are regulated.
GC launches global P&C report
Despite spiralling losses, global reinsurance rates generally declined through the 2010 reinsurance renewals, according to Guy Carpenter.
New risks and regulation “reshaping” reinsurance industry, says Towers Watson
Professional services firm Towers Watson, has asserted that the growing complexity of reinsurance structures in recent years has ramped up demands on buyers and “radically transformed” the industry.
IUMI conference preview: Ready to launch
Eric Alexander previews the upcoming International Union of Marine Insurance conference in Zurich and predicts what the hot topics for the market will be.
BIS countdown - outsourcing innovation: Major makeover
As growth demands surpass in-house capabilities, Jeremy Owenson looks at how modern day outsourcing can more easily produce mutually beneficial solutions.
Post Europe Interview – Tara Kneafsey
Latvia’s insurance market is young and has been hit hard by the global recession, Tara Kneafsey, CEO of RSA Latvia, Balta, talks to Stephanie Denton about how the market has been able to innovate and how holding rates will be crucial to future survival.
European super regulator could be in place by 2011 pending 7 September vote
EU authorities are to get tough new powers to settle disputes among national financial supervisors and to ban risky financial products and activities, in a revamp of EU financial supervision plans agreed on Thursday.
UK-Indian traing relations: A passage to India
The UK has long looked at India as a trading partner, especially its outsourcing sector. Following a recent visit by a delegation led by the Prime Minister, Daniel Dunkley looks at how the insurance industry is building its own links with the country.
BIS Countdown - Mike Morrisey: The international agenda
The International Insurance Society claims to be the largest multinational organisation of its kind, with almost 1000 members from more than 90 countries. Ahead of his keynote address at the British Insurance Summit, president and chief executive Michael…
BIS countdown - Interview - Michael Casella: Commitment to the Chubb cause
The new CEO of Chubb Europe, Michael Casella, has spent 28 years travelling the world with the firm. Now based in London, he tells Jonathan Swift why it set up a new Lloyd's syndicate and why you'll never see it dipping in and out of markets.
Rival insurers support Aviva composite stance
A host of fellow composites have backed Aviva in its war of words with RSA over whether the model's days are indeed numbered.
CEA calls on industry to participate in QIS 5
The CEA has urged insurers “both large and small” to take part in the European Commission’s fifth Solvency II quantitative impact study.
CEA calls on industry to participate in QIS 5
The CEA has urged insurers “both large and small” to take part in the European Commission’s fifth Solvency II quantitative impact study.
Lloyd's doubles actuarial resource as Solvency II looms
Managing agents at Lloyd’s have seen significant growth (49%) in actuarial resources over the last three years as the demands on managing agents from Solvency II develop, according to a new survey.
Post Europe Q&A – ALC Health
In the latest of our regular focus on European insurance companies and brokers, Post Europe talks to Sue Wilson, director for the European office of ALC Health.
Editor's comment: Cat among the pigeons
News of RSA's bid for the UK, Irish and Canadian general insurance businesses of Aviva has certainly thrown the cat among the pigeons. Over the weekend there was considerable speculation about who had leaked the story and the motive for doing so. Was…
RSA spotlight - Bob Mendelsohn: Whatever happened to Bob?
Having promised RSA that he would make it his mission to track down its former CEO Bob Mendelsohn to mark the firm's 300th anniversary, Jonathan Swift's job was made somewhat easier than anticipated when he resurfaced at US insurer Navigators last week…
Analysts pour scorn on viability of RSA's Aviva bid
Aviva's concern over capital adequacy if it was a standalone life insurer is the main barrier to selling its general insurance arm to RSA, according to City analysts.
RSA still "open" to Aviva talks claiming its £5bn offer is "fair value"
RSA has said it "remains open to discussions" with Aviva, despite the group's rebuttal of its £5bn offer.
Aviva took days to reject RSA's "unacceptable" £5bn GI business offer
Aviva took ten days from receiving a £5bn offer from RSA to rejecting it, the insurance group admitted today.
Aviva took days to reject RSA's "unacceptable" £5bn GI business offer
Aviva took ten days from receiving a £5bn offer from RSA to rejecting it, the insurance group admitted today.
FSA staff resignations rise 128%
There has been a 128% leap in the number of staff resigning from the Financial Services Authority in one year as the government proposes to abolish the regulator, according to Reynolds Porter Chamberlain.
Insurers urged to join IASB debate
European insurers have been urged to keep down their own costs by implementing the long-awaited International Accounting Standards Board's common reporting framework into their Solvency II plans.
PWC raids FSA for Solvency II expert in recruitment drive
Pricewaterhouse Coopers has made a number of changes to its UK insurance group, including new hires, new partner promotions and internal moves.