Legal & Regulation
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KPMG calls for clear roadmap following latest Solvency II delay
The European Parliament plenary meeting at which it was hoped the Omnibus 2 amendments to the Solvency II Directive would…
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Buyers in the dark over misfiring ELD
As an EC-commissioned study finds that the Environmental Liability Directive (ELD) is failing to deliver on its promise and hold…
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Lack of ELD cases sees France seek alternative redress system
With no cases of environmental damage remediated under the Environmental Liability Directive (ELD) in France the country’s government appears ready…
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EC-commissioned study finds ELD struggling to make polluter pay
Preliminary findings of a study on the effectiveness of the Environmental Liability Directive (ELD) commissioned by the European Commission (EC)…
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AIG board rapidly rejects Starr demand to sue government over bailout terms
AIG yesterday announced that it would not pursue lawsuits filed by Starr International Company, the group run by former AIG…
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Europe’s insurers will use EU gender rules to raise rates: Fitch
New European Union rules that do not allow insurers to set premiums along gender lines which came into force on…
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Further guidance on proportionality in EIOPA opinion
The European Insurance and Occupational Pensions Authority (EIOPA) published an opinion on interim measures on Solvency II towards the end…
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Europe’s insurers call for clarity on Solvency II
Uncertainty surrounding the implementation of Solvency II, Europe’s planned capital adequacy and reporting regime for the insurance sector, was identified…
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Marketing hype from consultants hampers fight on financial crime
Efforts by the UK government and police to tackle financial crime are hampered by a lack of accurate data about…
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Regulation, compliance and network security will drive management liability costs
Management liability and professional lines insurance buyers should prepare for rate increases in 2013 sparked by rising concern over the…
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Insurance accounting rules finally underway, prepare for a bumpy ride
Swiss Re, the Zurich-based international reinsurance group, believes that 'significant' progress has been made on new insurance accounting standards, but…
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EIOPA must rescue overly ambitious SII warns KPMG
KPMG has warned that Solvency II has become too ambitious given its current deadline and called for greater guidance from…
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Environmental risk climbs agenda but mitigation remains muted finds survey
Environmental issues are the number one emerging risk for mid-sized companies across Europe and a growing concern for all firms,…
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Corporate round-up
Willis rolls out all risk D&O cover in Asia Pacific
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EIOPA still open to Solvency II rule changes for captives
Delays to Solvency II should be viewed as an opportunity to engage with regulators and EIOPA about the implementation of…
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Captives still in the dark over Solvency II
“Everything is still uncertain.” This is probably not what you want to hear at the start of a captive insurance…
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‘Tide’ of regulation top concern for insurers as further SII delays loom
European insurers are bemoaning the complexity of Solvency II and its ongoing delays, but there are plenty more controversial regulatory…
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IAIS propose measures to tackle threat of failure at largest insurers
The International Association of Insurance Supervisors (IAIS) this week proposed policy measures to help identify and police global systemically important…
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Solvency II delay rumours persist
Rumours and speculation about a delay to the Solvency II timeline continue thick and fast, much to the bemusement of…
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EU commissioner’s call for extended compulsory nuclear cover welcomed by Munich Re
Munich Re, the world's largest reinsurer, has welcomed a call by the EU's Energy Commissioner Günther Oettinger for the introduction…