News

  • European insurers warn of "significant costs" in addressing silent cyber risk

    20 July 2022

    Insurance Europe said the situation is worsened by constant terminology updates

  • UK's finance minister vows to repeal "hundreds of pieces of retained EU law"

    20 July 2022

    Nadhim Zahawi tells City UK needs "financial regulation right for us"

  • European insurers have over 5,000 outsourcing arrangements

    20 July 2022

    Eiopa finds 2.8 average delegation rate per undertaking

  • IFRS 17 annuity accounting decision approved by IASB

    19 July 2022

    Accounting standards board also considers clarifications on multi-currency contracts

  • FASB issues proposals to smooth LDTI transition accounting

    19 July 2022

    Authority seeks to exclude transactions that have been "derecognised" from new rules

  • QBE set to pay out $75m after internal pricing practice review

    19 July 2022

    The Australian insurer's CEO apologised to affected customers

  • LV chief Mark Hartigan to depart after failed Bain Capital takeover

    18 July 2022

    The UK mutual's members rejected the Bain Capital acquisition in December 2021

  • Axa reworked entire German life portfolio ahead of Athora sale

    18 July 2022

    Axa Deutschland's SFCR said partial guarantees now "the new market standard"

  • Admiral appoints Keith Davies as group chief risk and compliance officer

    18 July 2022

    Will join from Federated Hermes in September

  • Direct Line cancels share buyback as inflation worries mount

    18 July 2022

    UK motor insurer's solvency drops 26pp in six months