Legal & Regulation
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Insurers must avoid investment traps of Solvency II says Swiss Re’s Hess
Swiss Re’s Chief Economist, Thomas Hess, has warned that the insurance industry is in danger of being forced into investing…
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CRE seminar to tackle the likely affects of Solvency II on captives
With solvency II looming, Commercial Risk Europe is running a seminar in Frankfurt to help Europe’s risk and insurance managers…
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African free trade zone offers hope to global programme buyers
Risk managers in Europe and worldwide that have rising commercial interests in Southern and Eastern Africa should welcome a recent…
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Loss estimates rise for UK riots as business counts the cost
Estimated insured losses from the riots and civil unrest that took place in the UK last week are on the…
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German industrial insurers await fines decision from federal court
German industrial insurers are keen to hear the decision of the Karlsruhe-based Federal Constitutional Court on how interest should be…
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Insurers ill prepared for Solvency II but UK & German p/c segments healthy
Many insurers are ill-prepared for Solvency II and will struggle to meet capital demands, even if its implementation is postponed…
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EC to make its intentions on collective address clear by end of year
The Vice-President of the European Commission and EU Justice Commissioner Viviane Reding said this week that it is now a…
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Most insurers robust but 10% fail EIOPA’s adverse Solvency II stress test
According to the European Insurance and Occupational Pensions Authority’s (EIOPA) second Solvency II-related stress test most European insurers remain ‘robust’…
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Mandatory cover for environment still not needed—Bell
Compulsory insurance coverage for Europe’s companies to fix damage caused to the environment is both impractical and unnecessary according to…
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Environmental Civil Sanctions give regulators more freedom to act
The Environmental Civil Sanctions Order & Regulations 2010, which came into force in England and Wales in January of this…
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IAIS issues concept paper on its planned Common Framework for IAIGs
In a bid to close the gap in international supervision of insurance groups the International Association of Insurance Supervisors (IAIS)…
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Proposed delays to Solvency II met with mixed reaction
The Council of the European Union’s proposals to delay Solvency II until 2014 has been met with a mixed reception…
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Belrim President calls for clarification on ELD from EU
Gaetan Lefevre, President of Belrim, the Belgian risk management association, has called on the European Union (EU) to provide urgent…
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UK regulator to differentiate insurance risks as Solvency II start questioned
Insurance regulation in the UK under the Prudential Regulation Authority (PRA) will be ‘forward looking’, recognise the different risks posed…
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Corporate round-up
EIOPA’S stakeholder groups elect new Chair and Vice Chair and Catlin Re Switzerland opens Madrid office and adds senior underwriter.
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Deepwater’s Transocean and Macondo Well owners wrangle over insurance
The insurers of Transocean Ltd sunken Deepwater Horizon drilling rig have asked a federal judge to decide whether BP and…
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Experts back Guernsey’s decision not to seek Solvency II equivalence
Guernsey-based insurance practitioners, as well as experts who operate predominantly outside of the jurisdiction, have backed the island’s decision to…
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Perception is all
There is a growing suspicion among Europe’s risk and insurance managers that insurers and brokers are reacting too slowly to…
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Argentina addresses reinsurance capacity fears and gives guidance on new rules
The Argentinian government has announced that at least two foreign companies are likely to be operating in its reinsurance market…
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EIOPA lacks teeth to ensure EU regulatory harmonisation, explains lawyer
The newly created pan-European insurance supervisory body, the European Insurance and Occupational Pensions Authority (EIOPA), has little extra power than…
