SCOR CEO Takes 30% Bonus Cut; 2019 Dividend Scrapped on COVID-19 Crisis May 26, 2020 By L.S. Howard French reinsurer SCOR announced that its Chairman & CEO Denis Kessler will receive 30% less in his annual variable compensation...
Italy’s Generali to Pay 2019 Dividend, Resisting EU Regulatory Guidance April 13, 2020 By Gianluca Semeraro Italy’s biggest insurer Generali on Friday said it would pay its 2019 dividend in two tranches, confirming a total payout...
Growing Number of UK Insurers Cancel Dividends Amid COVID-19 Concerns April 8, 2020 By Sinead Cruise and Muvija M British insurers canceled more than 1 billion pounds ($1.2 billion) of dividends on Wednesday, in moves welcomed by the Bank...
Regional Greenhouse Gas Initiative Grows by Another State October 3, 2019 By Don Jergler Pennsylvania Gov. Tom Wolf on Thursday ordered his administration to start working on regulations to bring Pennsylvania into the Regional...
EU Needs Pan-European Pension Product to Cut Complexity, Costs: Regulator October 19, 2016 By Oliver Suess The European Union needs a common pension product because existing long-term savings offerings are too complex and costly, the region’s...
Europe Insurers’ Stress Tests Could Lead to Higher Capital Requirements July 13, 2016 By Jan-Henrik Förster and Oliver Suess European insurers, whose profits are being eroded by Mario Draghi’s* quantitative easing program, face a stress test headache that risks...
Survey Concludes Europe’s Regulators ‘Gold-Plating’ New Insurer Capital Rules December 15, 2015 Domestic regulators are increasingly “gold-plating” new European insurance capital rules by adding their own more stringent requirements, according to a...
EU Weighs Solvency II Capital Relief for Insurers’ Investments in Infrastructure September 21, 2015 By John Glover and Rebecca Christie The European Union is preparing reduced capital requirements for insurers in a bid to spur investment in long-term infrastructure projects....
EU Insurers’ Capital Charges May be Cut to Boost Loans September 28, 2012 By Huw Jones and Jonathan Gould Capital charges for insurers in the European Union could be cut to encourage lending for long-term projects and help boost...
EIOPA Releases Final ‘Own Risk and Solvency Assessment’ Report July 13, 2012 The European Insurance and Occupational Pensions Authority (EIOPA) has published its Final Report on draft Guidelines for Own Risk and...