Solvency II
Groupama MD: we need to strike right balance with Solvency II
The managing director of Groupama Insurances has questioned whether the "significant distraction" of Solvency II is out of kilter with the effort needed to comply with it, and if it is just a ploy to help "fat consultants get fatter".
Groupama MD: we need to strike right balance with Solvency II
The managing director of Groupama Insurances has questioned whether the "significant distraction" of Solvency II is out of kilter with the effort needed to comply with it, and if it is just a ploy to help "fat consultants get fatter".
Captives - interview: A captivating scene
Katherine Blackler talks to Dominic Wheatley of Willis' captive management practice about his career, the challenges faced by captive managers and the relationships they have with their reinsurance brokers.
Bermuda - legal:Towards mutual recognition
Katie Tornari and David Kendall review the steps towards international compliance that Bermuda is taking to safeguard.
Inside view: Personal injury claims threaten motor insurers
The recent surge in personal injury claims to hit UK motor insurers could have even bigger implications for the reinsurance market, particularly with the unpredictability that periodic payment orders (PPOs) add to the equation, writes Naeem Ali.
Fitch: latest Solvency II proposals expected to increase capital requirements
Fitch Ratings says that the latest QIS5 Solvency II regulatory capital proposals may increase capital requirements for European insurers compared to earlier proposals, depending on insurers' specific characteristics.
Interview - Paul Geddes: Regaining an edge
With a new team in place and a major change programme underway, including 2000 job cuts, RBSI CEO Paul Geddes talks to Jonathan Swift about the need to stay competitive.
View from the top: Solvency 2 - Insurance 0
Ask me what business I am in right now and I will say 'Solvency II'. Because, when I check my diary, I see a wall of meetings geared towards ensuring Groupama's compliance with the UK version of the new European solvency and risk management regulations.
ABI levy 'disappointment'
The Association of British Insurers has revealed its disappointment at the Financial Services Authority's regulatory fees and levies for the next financial year.
Solvency II - P&I Clubs: No going back
P&I clubs depend on their ability to call on members for additional cash. Alistair Groom asks whether Solvency II will increase the likelihood of any supplementary summons.
Insurance buyers - Mactavish report: There may be trouble ahead
The recent Mactavish report had some severe criticisms for the commercial insurance sector. Sam Barrett reports on the warnings it contained.
Towers Watson issues Solvency II insurer warning
Risk management consultancy Towers Watson has warned that insurers may be “cutting corners” in their approach to the Solvency II’s QIS5 exercise.
Swiss Re: Insurers should not ignore 'the elephant in the room'
Against the backdrop of the upcoming regulatory framework in Europe – Solvency II – Swiss Re has outlined how it believes insurance risk managers can shape their companies’ risk management culture in the post-crisis world.
Insurer ratings: The rate debate
With the troubles that have beset Quinn recently, Daniel Dunkley asks whether brokers should take more notice of whether an insurer has a rating or not.
Comment: Everything to play for
Solvency II has created a cloud of uncertainty over captive insurance companies. Alan Fleming explains.
Solvency II could see MGA rise
The rise in capital requirements due to Solvency II could drive up the number of managing general agents in the UK market.
Top 5 Post stories
The five most popular stories from Postonline over the last seven days were:
Solvency II fears
One third of UK insurers are not confident that the industry will be able to achieve compliance to the Solvency II rules by the 2012 European Union deadline.
EC to delay Solvency II implementation to coincide with financial years
The European Commission is set to delay the implementation of the Solvency II directive by two months for accounting purposes.
CEA boss outlines concerns to Commission public hearing
The CEA, the European insurance and reinsurance federation, today reiterated its support for the EU’s new Solvency II regulatory regime but called for more work to be done on the Level 2 measures that will put the flesh on the bones of the Framework…
Moody’s expects European M&A rebound
Ratings agency Moody’s has predicted an upswing in mergers and acquisitions in the European insurance market in the coming months.
Property claims - Conference news: Bird warns over Solvency II requirements
Property insurers must be fully aware of the impact of Solvency II on their capital requirements, according to Groupama Insurances' director of claims Phil Bird.
Chartis CEO scans Europe for possible HQ location
Lex Baugh, president and chief executive of Chartis Europe Holdings, has refused to rule out any insurance centre on the continent as a possible headquarters for the newly established group.
Insurers urged to keep up pressure
Lloyd's has warned there is still "more to do" to drive down the Solvency II capital requirements despite the European Commission's move to ease the burden under the latest quantitative impact study.