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Insurers split on recovery and resolution planning
16 March 2017As the IAIS looks to develop a market-wide approach to systemic risk, Eiopa is developing rules that will require recovery and resolution plans from all insurers regardless of their size. This broader approach to systemic risk has split industry opinion and pitted large firms against small. Callum Tanner reports
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ABI welcomes UK government plan for dormant insurance assets
03 March 2017Unclaimed long-term savings to be given to charity
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PRA fights back with Solvency II defence
23 February 2017Aviva and L&G chief executives have exaggerated the problems with Solvency II, according to PRA chief Sam Woods. Given more freedom outside the EU, the UK regulator is unlikely to make sweeping changes. Callum Tanner reports
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UK insurers' legal challenge on risk margin scuppered by regulator
16 February 2017Legal advice commissioned by British insurers suggested that a future management action could allow firms to significantly reduce the risk margin even while the UK regulator remains bound to EU law. So far that advice has fallen on deaf ears. Callum Tanner reports
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ABIR appoints head of policy committee
15 February 2017Renaissance Re lawyer Stephen Weinstein replaces XL Catlin's Malcolm Furbert
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Why London is losing out to Bermuda after major catastrophes
09 February 2017The failure of the London Market to attract the majority of new reinsurance capital after major US catastrophes is in large part down to the flexibility of regulators. For now, Bermuda retains the advantage. Callum Tanner reports
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UK government gets go-ahead for damages discount rate review - UPDATE
30 January 2017Announcement due as ABI's appeal is rejected
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UK insurers emphasise post-Brexit opportunity
26 January 2017Senior management from Lloyd's, L&G, Prudential and the ABI have presented evidence to the Treasury Select Committee. With a hard Brexit now on the horizon most firms have given up on retaining single market access and are instead focusing on the benefits of changing Solvency II. Callum Tanner reports
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ABI commissioned legal advice on Solvency II risk margin
25 January 2017PRA could change risk margin while still in EU, says Huw Evans
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Chubb, Hiscox, Liberty and RSA most likely to pay home insurance claims
25 January 2017UIA and Zenith most likely to reject claims, says FCA