Lloyd’s Chairman Criticizes Profit-Hungry Corporations, Which Risk Eroding Trust September 30, 2015 By Sarah Jones Lloyd’s of London Chairman John Nelson criticized the business community, saying companies are too focused on profit and are at...
Bank of England Governor: Insurers Face Huge Exposure to Climate Change Risks September 30, 2015 By Scott Hamilton Bank of England Governor Mark Carney said UK insurers face potentially “huge” exposure to shifts in climate-change policy and Group...
Bank of England to Rule on Risk Models as Insurers Prepare for Solvency II July 10, 2015 By Sarah Jones The Bank of England will issue its verdict in December on the models insurance companies use to quantify risk and...
A.M. Best: European Insurers Tap Capital Markets Ahead of Solvency II June 16, 2015 Low interest rates together with highly liquid and stable financial markets have prompted European insurers to tap the capital markets...
Bank of England Says Will Apply New Insurance Regulations ‘Proportionately’ March 20, 2015 The Bank of England said on Friday that it would apply new European Union insurance regulations “proportionately,” following industry fears...
UK Banks Face Deadline for Customer Safety Plans October 7, 2014 By Huw Jones and Steve Slater Britain has given its banks three months to show how they plan to protect their retail customers from riskier parts...
Aon UK Hosts Operational Risk Modeling Discussion with Bank of England July 29, 2013 Aon UK Limited, the UK arm of Aon plc, which in addition to traditional insurance activities, also provides risk management,...
European Union Set to Vote on ‘Too Big to Fail’ Law May 20, 2013 A European Union law up for a vote on Monday will only fully shield taxpayers from bailing out troubled banks...