EU Plans to Ease Capital Rules for Insurers to Provide €120 Billion Economic Boost September 22, 2021 By Huw Jones The European Union proposed changing the bloc’s capital rules for insurers on Wednesday to release 120 billion euros ($141 billion)...
DARAG to Provide Retrospective Quota Share Reinsurance for Protector Forsikring March 10, 2021 DARAG Group Ltd., the Malta-based legacy acquirer, announced it has signed a retrospective quota share reinsurance agreement with Protector Forsikring...
Plans to Reform UK Insurance Capital Rules Not Part of ‘Deregulatory Agenda’: Minister February 24, 2021 By Huw Jones and Carolyn Cohn Britain’s plans to change capital requirement rules for insurers following its departure from the European Union are about tailoring them...
UK Insurers Not Likely to See Cuts in Capital Requirements After Brexit: Bank of England February 10, 2021 By Huw Jones The Bank of England told insurers on Wednesday not to expect any big reduction in capital requirements after Brexit, adding...
Solvency II Capital Rules for Insurers Need Changing: EU Watchdog December 17, 2020 By Huw Jones The European Union’s capital rules for insurers need changing to reflect low interest rates and provide stronger intervention powers like...
EU Still Seeking Clarity Over Britain’s Financial Services, Insurance Rules November 10, 2020 By Huw Jones The European Commission is still waiting for Britain to say if it will diverge from European Union rules before Brussels...
Bermuda Gains Reciprocal Status With U.S. Starting in 2020 December 16, 2019 Bermuda’s insurance market gains reciprocal status with the U.S. as of Jan. 1, 2020, something that industry and business groups...
Global Regulators Delay, Rethink ‘Too-Big-to-Fail’ Designation for Insurers November 15, 2018 By Huw Jones Global insurance regulators will put off singling out insurers deemed so important to the financial system that they are required...
Update: China Plans to Hike Number of Financial Institutions Deemed Too-Big-to-Fail October 10, 2018 By Bloomberg News Chinese authorities said they will designate more financial institutions as systemically important, a sign that policy makers are stepping up...
Nigerian Regulator Triples Insurers’ Minimum Capital Requirement July 27, 2018 By Emele Onu Nigeria increased the minimum capital requirement for insurers by threefold, in a bid to expand their capacity to handle risk...