UK Government Pushes Forward With Long-Awaited Insurer Reforms November 18, 2022 By Katherine Griffiths and William Shaw After years of fraught debate between regulators, insurers and the Treasury, Jeremy Hunt confirmed Thursday that the government would push...
UK Insurers Provide Test Case for Post-Brexit ‘Unshackling’ From EU Capital Rules November 17, 2022 By Huw Jones and Carolyn Cohn The British government and the Bank of England are reforming insurers’ capital rules, seen as a post-Brexit test of UK...
Bank of England Chief Questions Government Plan for Post-Brexit Financial Rules November 17, 2022 Bank of England Governor Andrew Bailey took the British government to task on Wednesday over its plan to give itself...
UK Government in Advanced Talks With Regulators on Insurance Capital Reforms November 16, 2022 By Katherine Griffiths The UK government is close to an agreement with regulators over insurance capital reforms intended to release billions of pounds...
UK Government Rushes to Outline Proposed Power to Overrule Financial Regulators November 14, 2022 By Katherine Griffiths The UK government is rushing to outline a proposed power to overrule the City of London’s financial regulators, as it...
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)...
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...
Randall & Quilter to Acquire Coffey Group’s Irish Captive October 4, 2018 Randall & Quilter Investment Holdings Ltd. (R&Q) announced it has entered into an agreement to acquire Western Captive Insurance Company...
Bank of England Will Not ‘Go Soft’ on Enforcing EU Solvency II Capital Rules February 27, 2018 By Huw Jones The Bank of England will not “go soft” on enforcing European Union capital rules for insurers, but will look at...
Allianz CEO Says New Regulation to Create Room for Acquisitions October 17, 2013 By Oliver Suess Allianz SE’s CEO Michael Diekmann said tougher financial regulation will create takeover opportunities for Europe’s biggest insurer. “If Solvency II...