Days of Cyber Insurers Avoiding Costly Claims May Be Numbered: Expert July 7, 2017 By Oliver Suess Cyber crime insurers largely avoided costly claims from the recent attacks that hit business around the globe. The next global...
Bank of England to Focus on Insurance Consumer Protections March 20, 2017 By Huw Jones The Bank of England will spell out more clearly what insurers should be doing to protect policyholders such as the...
EU Solvency II Rules Need ‘Tweaks,’ Not Overhaul: Bank of England February 23, 2017 By Huw Jones EU capital rules for insurers need some tweaks but are not a deterrent to investment in infrastructure as some insurers’...
Cat Simulations Test London Insurers’ Vulnerabilities to Next ‘Big One’ January 31, 2017 A major $200 billion loss from a combination of a cyber attack, U.S. hurricane and the failure of a reinsurer...
Woods Named UK’s Head of Prudential Regulation, Overseeing Insurers & Banks April 11, 2016 By John Glover Sam Woods, a former U.K. Treasury official, was appointed as deputy governor for regulation at the Bank of England, replacing...
Large British Insurers Get Major Exemption from Proposed EU Audit Rules November 20, 2015 By Huw Jones Britain’s biggest insurers will be exempt from having their most important indicator of financial health externally audited under proposals issued...
UK Insurers to Stress Test Capital Reserves Against Synchronized Terrorist Attack July 10, 2015 By Sarah Jones UK regulators have asked property and casualty insurers to stress test their capital reserves against catastrophes, including a synchronized terrorist...
Solvency II Staggers Towards Finish Line: a Retrospective Analysis April 7, 2015 By Charles E. Boyle It’s been a long process, but, according to Paul Fisher, deputy head of the Bank of England’s Prudential Regulation Authority...
UK Regulators Toughen Vetting Process for Senior Financial Services Roles March 2, 2015 By Steve Slater More than one in 10 people picked for the top jobs in British finance pull out during a regulatory vetting...
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,...