-
Data obtained from PRA and FCA shows fewer Skilled Persons Reviews in recent years – but the tool remains a valuable one for regulators.
-
The Lords Industry and Regulators Committee probe follows the group’s calls for legislative changes.
-
The House of Lords Industry and Regulators Committee will explore whether regulatory policy is well-designed and proportionate for (re)insurers.
-
The regulator said it does not seek to either “incentivise or disincentivise” legacy transfers.
-
Jonathan Clark takes up the role with immediate effect, replacing Sian Fisher, who is leaving after six years.
-
In a Dear CEO letter from Charlotte Gerken and Anna Sweeney, the regulator has set out expectations on climate change, systemic risks, and a stress test for later this year.
-
The ratings agency said that long-tail classes could be hit by reserve deficiencies.
-
The European authority’s stress test on 43 carriers found that a section of the market still relies heavily on transitional measures.
-
The regulator said increased home-working and digitalisation had heightened levels of cyber risk.
-
New rules for short-term export credit insurance will apply from 1 January 2022.
-
The Stephen Catlin-led business will now be able to write business across the EEA from London.
-
The status will allow the Stephen Catlin-led business to write US reinsurance without posting reinsurance collateral.