Solvency II
Esure decision to demerge Go Compare not driven by Solvency II
After its decision to demerge the price comparison site Go Compare and list it in the stock market, Esure have denied claims that the move was driven by Solvency II.
Did the Gibraltar regulator miss the warning signs?
The Gibraltar Financial Services Commission has once again fallen under scrutiny after Enterprise Insurance became the third major insurer to collapse in the tax haven in recent years.
Europe: Bermuda and its Solvency II equivalent meet the highest standards
Bermuda has been granted equivalent status under the Solvency II directive, besides being approved as a qualified jurisdiction by the US National Association of Insurance commissioners.
Esure's Stuart Vann on why whiplash reforms need to stay on the government agenda
With parliamentarians heading back to work in the next couple of weeks and the Brexit decision two months behind us, attention now needs to turn to the deliverables the government signed up to in advance of the referendum and the subsequent change of…
Europe's insurance market grows despite 'needlessly expensive' Solvency II
Europe’s insurance industry had almost €9800bn invested in bonds, company shares and other assets in 2015, representing a 1.7% increase on the previous year.
NEDs: With great power comes great responsibility
There was a time, or so the old insurance hands say, when being a non-executive director was something of a cushy number: The sum total expected of a NED was to turn up for 12 board meetings a year, read the odd report, and play a few rounds of golf with…
Gable Insurance's first decade: seven lessons for start-ups
It is now four weeks since Gable announced it was cutting back its underwriting operations in light of compliance issue with Solvency II.
Brexit will not affect UK Gibraltar business relationship, says Hastings
In light of Hasting’s strong financial results today, chief financial officer Richard Hoskins has said that the group is not concerned about Brexit affecting its growth.
Europe: Measuring the cost of liquidity under Solvency II: fund or deposit?
Liquidity funds have been receiving increased attention from insurance companies. Indeed, some banks in developed markets are reducing their appetite for short-dated funding from non-bank financial institutions.
Gable non-executive director Andrew Trott resigns
Gable non-executive director Andrew Trott has resigned from his post as the troubled insurer looks to streamline its board as part of an ongoing strategic review.
Enterprise collapse will affect 14,000 motorists
A Zurich-owned Managing General Agent will reimburse outstanding premiums to Irish motorists who have been affected following the collapse of Enterprise Insurance on Friday.
PRA warns non-life insurers over reserve releases
Financial reserves released by general insurers in 2015 were the highest in 30 years, regulators have warned.
Gable cuts underwriting operations to comply with Solvency II
Gable has announced it will "significantly reduce" the scale of its underwriting operations in Europe, and has ordered its broker network to cease writing new business with immediate effect.
Blog: The impact of Brexit on the insurance industry
The UK has voted to leave the EU. What will this mean for the insurance industry?
Editor's comment: Insurers have a major part to play
Speaking to Association of British Insurers’ members at his outgoing dinner last month, chairman Paul Evans said the organisation had never been “more relevant to its members” and “the work, focus and voice of the ABI is directed by its members, for its…
Brexit provides opportunity to overturn ‘dreadful’ Solvency II
Leaving the EU will mean that the UK can abandon the “absolutely dreadful” Solvency II regime, the former head of the civil service told MPs.
Expertise from A-Z: Taking stock of the year so far
Six months into 2016, what have been the highs and lows for the insurance industry – and what does the rest of the year have in store?
Aviva upgraded after insurer moves to quell investor concerns post Brexit vote
Investment adviser Macquarie has lowered its price target for Aviva to 442p from 502p and upgraded the stock to 'outperform' from 'neutral' following the UK’s vote to leave the EU last week.
Brexit: Solvency II likely to remain says PWC
Solvency II will "almost certainly remain" according to PWC despite the UK voting to leave the European Union as too much time, money and effort has been invested in it and the regulation is enshrined in UK Law.
Allianz hits out against new EIOPA stress tests
Europe-wide stress tests are “extreme” and unlikely to provide a meaningful picture of the health of the industry, Allianz has warned.
PRA approves Direct Line’s Group-wide internal model for Solvency II
Direct Line has confirmed it will use its group-wide partial internal model to calculate the Group Solvency Capital Requirement under the Solvency II regime, following approval from the Prudential Regulation Authority.
Europe: Solvency II - six months in
As Solvency II is entering its sixth month of implementation, our bloggers take a look at its impact on the industry. How are insurers coping with the new financial, governance and reporting requirements?
Blog: Solvency II accelerates competitive rethink
We're now a number of months into the Solvency II regime and the sky hasn't fallen in. But the scale of the compliance demands is providing fresh fuel to the debates within many businesses about whether they could compete more effectively without the…
Blog: TPT was never going to be enough
No one said the transition to Solvency II reporting was going to be easy, particularly the requirement for insurers to provide detailed look-through data on their investment portfolios. But, having witnessed the beginnings of this new regulatory…