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19/01/2018

ClimateWise, a group of 28 leadership insurance industry organisations, has appointed Aon Benfield International executive chairman Dominic Christian as chair


19/01/2018

AG2R La Mondiale has placed two subordinated debt issues worth $710m as part of its ongoing SII reinforcement program.

These transactions, split into a private placement of $400m on 19 December 2017 and a public offering of $310m on 12 January 2018, led to the issuance of two redeemable subordinated noted with a maturity of 30 years, redeemable at the option of the issuer from the tenth year


17/01/2018

Aviva has appointed Rob Townend as MD of Aviva UK General Insurance


17/01/2018

One third of continental European insurance companies expect to increase investment portfolio allocations to real estate and infrastructure in the next three years, according to a new report, Insurers Present Challenges and Opportunities for Asset Managers, from Greenwich Associates


15/01/2018

MiFID II is credit negative for Europe’s asset management industry as it will accentuate the move to cheaper passive funds, intensify competition and drive sector consolidation, a report published by Moody’s Investors Service has said


12/01/2018

A number of regulatory reporting changes designed to reduce the burden for SII firms and mutuals whilst maintaining the PRA’s ability to meet its statutory objectives have been proposed by the regulator in its latest consultation paper


10/01/2018

The multitude of new tasks and powers to be assigned to EIOPA according to the will of the EC “do not bring any apparent added value” and the proposed internal reorganisation of the supervisory body is “going in the wrong direction”, German trade body, GDV, has said


10/01/2018

German insurers are incurring losses of up to €5bn every year due to insurance fraud committed by the Calabrian mafia, according to the German trade body, GDV


10/01/2018

Institutional investors looking to reap returns in the real estate market should explore long-income portfolios and ones where the income is indexed to inflation to deliver and optionality, LGIM Real Assets has said


09/01/2018

An analysis of 29,000 ESG incidents that took place from 2014 to 2016 has identified the industries that are most involved and how analysis of these incidents can be integrated into portfolio strategy, including industry tilts, beta analysis and security selection, as well as corporate engagement processes


09/01/2018

French life insurance market net inflows for November 2017 were -€0.5bn


08/01/2018

MS Amlin has announced that a new Bermuda-domiciled special purpose reinsurer, Viribus Re, has been created to provide collateralised capacity support for MS Amlin Syndicate 2001’s global reinsurance portfolio in 2018


05/01/2018

Insurers should move from listed to private markets within an asset class to keep the overall level of market risk the same, Mercer has said


05/01/2018

Insurers must plan for Central Bank actions in 2018 to make the right investment approaches, Mercer has said


05/01/2018

The Financial Conduct Authority has appointed Charles Randell CBE as its new chair


04/01/2018

MS Amlin has announced that Simon Beale, MS Amlin’s chief underwriting officer, will succeed Charles Philipps as CEO on 1 April 2018


04/01/2018

FCA director of life insurance and financial advice Linda Woodall has stepped down from her role


04/01/2018

EIOPA has issued an Opinion on service continuity in light of the withdrawal of the United Kingdom from the European Union


03/01/2018

EIOPA is calling for consistent supervisory practices on internal models including a dynamic volatility adjustment


03/01/2018

The added cost transparency and ban on commissions for independent financial advisers as a result of today’s MiFID II implementation will encourage greater use of low cost passive funds among retail clients, supporting the growth of ETFs among institutional investors, according to Moody’s vice president and senior analyst Marina Cremonese


02/01/2018

Insurers should continue to seek higher returns by allocating more to illiquid investments, real assets and alternatives in 2018, J.P. Morgan Asset Management has said


02/01/2018

Failure to time the fixed income markets and liquidity risk are two of the main risks for insurers in 2018, according to Vladimir Zdorovenin, strategy and analytics, global insurance solutions, J.P. Morgan Asset Management


15/12/2017

German insurer Gothaer’s net return is expected to be 4.4 per cent for the 2017 financial year with the group’s solvency ratio at the end of September hitting 243%


15/12/2017

UNIQA Insurance Group is now using a partial internal model instead of the standard approach under Solvency II to determine its quantitative capital requirement in property and casualty insurance


14/12/2017

The major overhaul of insurance accounting that will be triggered by IFRS 17 is unlikely to directly affect insurers' ratings, because the economic substance of their balance sheets will not change, Fitch Ratings says


14/12/2017

Twelve Dutch banks, insurance companies, asset managers and pension providers have developed a methodology for measuring the carbon footprint of their investments and loans


14/12/2017

AXA is to quadruple its original green investment target to reach €12bn by 2020


14/12/2017

UK long-term insurance companies showed a net investment of £3bn in Q3 2017, with general insurance companies showing net investment of £2bn in the same period, according to the ONS


13/12/2017

Between 1 January 2016 and 7 December 2017, the PRA approved 26 complete model change applications, with all being assessed within six months and the regulator taking an average of just under four months to reach a decision


13/12/2017

Talanx is acting as lead manager for a double-digit group of institutional investors coordinating €832m of senior bond financing to the Borkrum Riffgrund 2 offshore win farm


13/12/2017

A number of concerns around the EC’s proposal on new obligations for intermediaries to report cross-border tax planning arrangements have been declared by Insurance Europe


13/12/2017

More than 30 insurance and reinsurance associations from across the globe have signed the International insurance and reinsurance industry 2017 Appeal on climate change


13/12/2017

Deutsche Asset Management has hired Michele Gaffo to lead the asset manager’s insurance coverage globally


11/12/2017

Dutch insurers’ strong capital positions and improving operating efficiency means they are well positioned to cope with the pressures of low interest rates and limited organic growth in 2018


11/12/2017

Conflicts of interest arising from monetary incentives and remuneration between providers of asset management services and insurers identified in the unit-linked market must be prevented from adversely affecting the interests of consumers, EIOPA has said in its latest Opinion following up on its Thematic Review published on 26 April 2017


07/12/2017

The UK general insurance sector in aggregate, and regulated firms at an individual level, are resilient to those scenarios within the regulatory threshold of Solvency II, but potential areas for improvements remain around exposure management, post loss planning and accounting.


07/12/2017

Around 70% of German life companies applied to use transitional measures on technical provisions for their SII reporting, Fitch Ratings has said


06/12/2017

Swiss Re has agreed to purchase 1.1 million life policies from L&G for £650m


05/12/2017

The Bank of England secretly wrote to the High Court to alert them about an expected deluge of applications from insurers looking to mitigate the legal uncertainty Brexit poses to their policies


05/12/2017

Quantitative tightening in the US and the moderation of quantitative easing in Europe, along with growing dispersion within credit markets, is creating opportunities for active managers to generate returns for investors, according to CQS chief executive Michael Hintze


01/12/2017

The winners of the first Insurance Asset Management Awards 2017 were announced last night at a gala ceremony in London


29/11/2017

Talanx AG has successfully placed a hybrid bond with a volume of €750m


29/11/2017

The Financial Conduct Authority has issued a statement of objections to four asset management firms: Artemis Investment Management, Hargreave Hale, Newton Investment Management and River & Mercantile Asset Management


28/11/2017

Legislation is needed from both the UK and the EU to preserve cross-border contracts for insurers, the Bank of England has said in its latest report highlighting the Brexit threat to the insurance industry


28/11/2017

Net inflows in the French life insurance market were €1.8bn for October 2017, according to the French Insurance Federation.


27/11/2017

Improved pricing for London market insurers in 2018 may not be enough to relieve the pressure on their underwriting results from high expenses and lower reserve releases, Fitch Ratings has said


27/11/2017

Aviva is planning a £1bn share buyback plan, according to The Sunday Times


24/11/2017

The acceleration of the pace of change in business models, especially in life insurance, with the move towards contracts with lower and more flexible guarantees and pure unit-linked products “deserves further reflection from a regulatory perspective”, EIOPA chair Gabriel Bernardino has said


23/11/2017

AXA has stated that it believes the UN Sustainable Development Goals are creating opportunities for impact investing


23/11/2017

Zurich Insurance Group has announced that it will be doubling its impact investments and it will also set innovative new impact targets – possibly the first private-sector investor to introduce impact targets for its investment portfolio


21/11/2017

Global non-life premiums are forecast to grow by at least 3% annually in real terms in the next two years, and life premiums by 4%, according to Swiss Re


21/11/2017

More improvements are needed to remove unnecessary prudential barriers and to increase sustainable asset pipelines in the insurance space, Insurance Europe has argued


20/11/2017

Lloyd’s Corporation has announced it is implementing a coal exclusion policy as part of its responsible investment strategy for the Central Fund


20/11/2017

Legal & General has provided close to £300m of long-term acquisition debt in support of Danish pension funds, PKA and PFA consortium’s approximately £2bn purchase of 50% of Walney Extension from Ørsted (the former Dong Energy)


20/11/2017

Natixis Global Asset Management has changed its name to Natixis Investment Managers to better highlight its multi-affiliate business model and the strengths the firm brings to its clients


16/11/2017

Insurers across Europe are increasing their exposures towards lower credit rating quality fixed income securities and invest more into non-traditional asset classes such as infrastructure, mortgages, loans and real estate according to EIOPA’s latest investment survey


16/11/2017

Generali Investments has announced its decision to adsorb the costs related to external research, instead of charging them separately to its end clients


15/11/2017

The German insurance market needs rules on which to base an orderly transfer of contracts to UK customers post-Brexit, according to the German Insurance Association, GDV


15/11/2017

Zurich will no longer insure coal projects and is divesting from existing projects


14/11/2017

BNP Paribas Asset Management has created the multi-asset, quantitative and solutions investment group to achieve its objective of streamlining its organisational structure and enhancing its range of investment solutions


14/11/2017

Aviva has today announced that it has reached an agreement to acquire Irish insurer Friends First for a cash consideration of €130m


13/11/2017

Stripping out transitional measures from German life insurers' Solvency II ratios shows a wide disparity in results and highlights the challenge that especially many smaller firms face in achieving regulatory requirements in a low interest rate environment, Fitch Ratings has said


10/11/2017

Beazley’s total investment return for the nine months to 30 September 2017 was $116.4m (€100.09m, or 3.2% annualised, compared to $89.0m (€76.4m) or 2.6% annualised


10/11/2017

The Prudential Regulation Authority is seeking feedback on a draft supervisory statement setting out expectations of firms regarding the application of the SII matching adjustment within the calculation of the SCR


09/11/2017

The PRA is seeking views on a draft supervisory statement on effective financial management and planning by insurance firms and groups


09/11/2017

Dutch insurer, Aegon, has seen its SII ratio increase by 10% compared with the last quarter to 195%


08/11/2017

The Financial Conduct Authority has today launched a market study to assess how competition is working in the wholesale insurance broker sector


08/11/2017

MAPFRE is to enter into a strategic partnership with French investment boutique La Financière Responsable (LFR), to bring together the latter's proprietary tools and expertise in SRI/ESG management with the Spanish insurance giant's long-term commitment to corporate social responsibility


07/11/2017

EIOPA has published a second consultation paper on the SII review process, with the aim to ensure a proportionate and technically robust, risk-sensitive and consistent supervisory regime for the insurance sector and to propose possible simplifications


07/11/2017

Generali's group investments, asset and wealth management business unit is gearing up with a reorganisation around three main structures, as part of its plans to create the largest European multi-boutique insurance and asset management platform and to be a leading provider of investment solutions for European insurance companies and individual savings products


06/11/2017

The International Association of Insurance Supervisors (IAIS) has today announced a unified path to convergence of group capital standards in furtherance of its ultimate goal of a single ICS that achieves comparable outcomes across jurisdictions


06/11/2017

UK insurance companies are reasonably well matched on interest rate risk from an ALM perspective so a move in interest rates should, theoretically, have a “limited impact” on their capital position, J.P. Morgan Asset Management portfolio manager, global insurance solutions Bryan Wallace has said


02/11/2017

RSA Insurance Group has seen its group premium income rise by 8% YTD to £5,077m


02/11/2017

The matching adjustment (MA) remains critical for annuity insurers, despite today's BoE's interest rate rise, AXA IM insurance solutions strategist Chris Price has said


01/11/2017

The PRA has today published its final approach and expectations in relation to the authorisation and supervision of Insurance Special Purpose Vehicles (ISPVs)


01/11/2017

Investors such as insurers, pension funds and sovereign wealth funds are now addressing diversity and inclusion, with diversity moving up asset owners’ agendas in order to improve decision making, to attract and retain talent, and to innovate and compete, according to a recent report undertaken by New Financial


31/10/2017

Registration is now open for Insurance Asset Management Europe's first Sustainability Summit, which brings together experts in the field of sustainable investment


31/10/2017

The LMA, working together with the IUA, has concluded a transaction with DXC Technology for the provision of bureau services that will save the Lloyd’s and London market £100m over the next five years


31/10/2017

EIOPA has recommended a number of simplifications and improvements to the calculation of capital requirements in the Solvency II Delegated Regulation


30/10/2017

Assets under management of insurance companies globally will increase by an estimated $9trn between 2016 and 2020, and by $6.3trn between 2020 and 2025, according to latest figures published by PwC


30/10/2017

SII internal models are 'by and large' consistent with the sovereign risk approach taken for similar, non-sovereign instruments, EIOPA has said


27/10/2017

The Prudential Regulation Authority should have a pragmatic discussion with the UK insurance industry focusing on the scope for amendments and increased proportionality in the implementation of the Solvency II Directive, a Treasury Committee report has outlined


25/10/2017

The Prudential Regulation Authority has launched a proposal to make improvements to the Solvency II regime, less than two years after its implementation


24/10.2017

UK insurer, Legal & General's principal balance sheet businesses have executed a record £1.1bn of real asset disposals in 2017 to date, of which approximately £1bn has been to international investors


23/10/2017

"Careful active management around market liquidity, beta exposure and name selection must be carried out if insurance company investment strategies are to mitigate the ratings downside as the credit cycle begins to turn," J.P. Morgan Asset Management co-head of quantitative research Bhupinder Bahra and portfolio manager, global insurance solutions Bryan Wallace have said


23/10/2017

Insurers are becoming more interest in senior secured loans as they provide higher risk-adjusted returns in comparison to high yield bonds, new research has shown


19/10/2017

The disclosure of the sensitivity of insurers' SCR coverage ratios to changes in market and other key variables, is the most important priority among investors and analysts


19/10/2017

Disclosure of financial information by insurers was inadequate and inconsistent thus reducing the attractiveness of the insurance sector to investors, the Prudential Regulation Authority has said


18/10/2017

AXIS Capital has received clearance from all applicable regulators, including the European Commission, and finalised the completion of its acquisition of Novae


18/10/2017

The investment community needs to be more engaged with the UN Sustainable Development Goals according to a new report from PwC


17/10/2017

German insurer, Nuernberger Insurance Group’s capital adequacy is set to remain in S&P Global Ratings ‘BBB’ category despite its build-up of capital being “somewhat limited” due to the persisting very-low yield environment, the ratings agency has said


17/10/2017

The ECON Committee of the European Parliament has called for a delay of the application date of the Insurance Distribution Directive


16/10/2017

Admiral, one of the UK’s leading insurers, is to use the Moody’s Analytics Economic Scenario Generator for market risk calculation as part of its SII internal model


16/10/2017

French insurer, AXA, has been approached by a number of firms including BNP Paribas and Natixis to seal a merger deal for its asset management arm, but continues to see the business as a strategic asset


16/10/2017

The FCA has today launched its new asset management authorisation hub


13/10/2017

The trustees of the IFRS Foundation have confirmed the appointments of several organisations and their representatives to the IFRS Advisory Council


13/10/2017

Investor law firm, Grant & Eisenhofer, has launched a new ESG institute to tackle big-picture legal, social and economic issues around ESG investing


12/10/2017

The IASB has today issued amendments to IFRS 9 Financial Instruments and to IAS 28 Investments in Associates and Joint Ventures to aid implementation


11/10/2017

The government is "alive to the risk that the UK's withdrawal could in some cases create legal uncertainties as to the status of existing cross-border insurance sold under passporting arrangements", Chancellor Philip Hammond has said


11/10/2017

Institutional investors face significant challenges in adopting a sustainable approach, despite a majority recognising its importance


10/10/2017

EIOPA's regulation should be strengthened with a mandate to act more intrusively when it detects signals of risks of cross-border failures among insurance companies, EIOPA chairman Gabriel Bernardino has argued


10/10/2017

EDHEC has called on regulators to take measures against the risks of investment in so-called listed-infrastructure


10/10/2017

Just five global jurisdictions in the insurance space have reported life insurer insolvencies due to the low interest rate environment, despite insolvency risk remaining a great issue within the overall insurance market, new figures have revealed


10/10/2017

Leading insurers including Allianz, AXA and Generali, in cooperation with Ocena and UNEP PSI, have agreed to no longer underwrite illegal, unreported and unregulated fishing


09/10/2017

Zurich Insurance is nearly halfway to its goal of saving $1.5bn by 2019, as it closes in on cutting costs by $700m as part of its end of year target


09/10/2017

The volume of German life insurance portfolios will "increase significantly" over the next five years, with a growing proportion of this business transferred to run-off specialists, Fitch Ratings has said


09/10/2017

Institutional investors including insurers are expected to increase their factor allocations to 18% by 2022, new research has revealed


09/10/2017

Swiss Re has reached agreement with Japanese insurance group, MS&AD, for an investment into ReAssure, its closed book business, of up to £800m


09/10/2017

Dutch insurer, ASR Group, has completed the first major Restricted Tier 1 deal


29/09/2017

Insurers will continue to seek out opportunities in less liquid sectors such as whole loans (both commercial and residential) and private credit despite the regulation and capital regulated challenges of such investments, according to BlackRock’s global head of FIG portfolio management Jeff Jacobs


29/09/2017

Generali is to put Generali Leben into run-off


28/09/2017

Lloyd’s of London has recorded a profit of £1.2bn for H1 2017, a 16% drop from the £1.4bn recorded for the same period in 2016


28/09/2017

Insurers’ efforts to improve the profits they generate from investment have focused on reducing investment-related fees and expenses, improving capital efficiency by narrowing the mismatch between assets and liabilities and various changes in asset allocation


28/09/2017

The majority of insurers believe that allocating capital to private market assets will be a critically important tool to help improve returns going forward, according to BlackRock's Global Insurance Report 2017


28/09/2017

Non-investment steps to improve insurers' profitability have helped "only modestly" and are now "mostly exhausted", according to BlackRock's latest Global Insurance Report 2017


27/09/2017

Insurers looking to operate in the EU after Brexit will be scrutinised for any attempts to game the system, EIOPA has said


26/09/2017

AXIS is to complete its acquisition of Novae Group in two phases, following consultation with the European Commission


25/09/2017

UK life insurers are feeling more optimistic than they did three months ago, reporting strong volumes of business in the three months to September, latest figures published by the CBI/PwC have said


25/09/2017

The addition of ESG factors to credit ratings would exacerbate the already lingering issue that current Solvency II legislation increases the dependency on credit rating agencies and leads to excessive costs for insurance companies


25/09/2017

A secondary market of sustainable assets should be developed so insurers can become more strongly involved in this area, AMICE has said


25/09/2017

Institutional investors including insurers who incorporate robust sustainability ratings into their capital allocation decisions can expect to gain a 'double dividend': supporting sustainable business while earning returns equivalent to or higher than the broader market, research has shown


25/09/2017

Angela Merkel's election win to cement a fourth term as German chancellor is a positive for the country's economic market and the capital markets, Allianz CIO Andreas Gruber has said


22/09/2017

A greater number of EU countries should issue government bonds that are sustainable as they would "probably be considered as an attractive investment with low risk" for many life and non-life insurance companies, AMICE has advised


22/09/2017

The EU and the US have signed the bilateral agreement on insurance and reinsurance today, the European Commission has announced


22/09/2017

BNP Paribas Cardif is to double its green investments by 2020, with an emphasis on green bonds


21/09/2017

A "closer analysis" of EIOPA's powers over SII internal models must be carried out before the EC implements its supervisory propositions announced yesterday


21/09/2017

The International Accounting Standards Board has today confirmed the membership of its IFRS 17 Transition Resource Group, established to support implementation of the new Standard issued in May 2017


21/09/2017

The CMA has published details today on the areas that it proposes to examine as part of its investigation into investment consultancy


20/09/2017

EIOPA is to have a stronger role in promoting convergence in the validation of the internal models that some large insurance companies use to calculate requirements on solvency capital


20/09/2017

The International Association of Insurance Supervisors latest paper on the regulation and supervision of mutual and cooperative insurers is an important step forward in recognising that different types of insurers need to be regulated in a way which is appropriate to their structure and their relationship with their policy holders according to the ICMIF and AMICE


20/09/2017

Non-life insurers' GWP in the UK for 2016 Q4 YTD were just under €80bn according to latest figures published by EIOPA


19/09/2017

XL Group has chosen Dublin for its main EU insurance carrier operations as a result of the Brexit vote in the UK


19/09/2017

Nordea has facilitated the issuance of a $350m green bond for the Folksam Group


19/09/2017

Aon, RSA and Zurich along with more than 100 businesses are urging the government to seek a three year transitional period after Brexit to avoid a "cliff-edge" for business


19/09/2017

The new capital rules for EU infrastructure investments are "unlikely" to have a meaningful impact on insurers' capital allocations to the asset class, S&P Global Ratings has said


18/09/2017

The Insurance Asset Management Awards 2017 shortlist has been revealed


18/09/2017

A 76% increase in the number of mergers and acquisitions insurance policies between H1 2017 and H1 2016 has been reported in the latest JLT Specialty Global M&A Insurance IndeX


18/09/2017

"No artificial intelligence in the world would be able to make heads or tails from insurance accounting information that is in many cases inherently flawed," IASB chairman Hans Hoogervorst has said


18/09/2017

The government must act fast and come up with a range of proposals to preserve stability and certainty in respect of insurance contracts that straddle 'Brexit day', Treasury Committee chair Nicky Morgan has said


18/09/2017

The solvency ratios of the Dutch life and non-life sectors came out at around 170% at 2016 year-end, well above the legal standard of 100%


15/09/2017

AXA IM is reportedly under review by its insurer parent company, AXA Group, for a potential merger


15/09/2017

Total premiums received in respect of life business in Ireland during 2016 were €40.2bn according to Milliman


14/09/2017

The Financial Conduct Authority (FCA) has referred the investment consultancy market on to the Competition and Markets Authority (CMA) using a Market Investigation Reference (MIR)


14/09/2017

The IASB has today issued guidance on how to make materiality judgements


14/09/2017

The importance of insurance assets is reducing as a proportion of overall assets under management according to research published by the Investment Association


13/09/2017

ASR Nederland is to acquire the shares in Generali Nederland for €143m


13/09/2017

Deutsche Asset Management today announced it is to absorb the cost of external research for clients under the new MiFID II directive, which will take effect in 2018


12/09/2017

Aberdeen Standard Investments will absorb all research costs to coincide with the new MiFID II legislation which comes into effect on 3 January 2018


12/09/2017

The International Accounting Standards Board has today published for public consultation proposed narrow-scope amendments to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors


11/09/2017

Chubb intends to locate its European Union headquarters in France if the United Kingdom leaves the EU as expected in March 2019


11/09/2017

AmTrust at Lloyd’s has applied to Lloyd’s for approval to combine its three fully aligned non-life Lloyd’s syndicates under management


11/09/2017

Asset managers may miss the deadlines of their insurance and wealth management partners for MiFID II and PRIIPs data delivery as they’re too focused on the end of year regulatory starting point and ignoring full preparation time, according to panellists and contributors at Silverfinch’s recent conference


08/09/2017

The UK government's planned reforms of the Ogden discount rate will partly reverse the earnings hit caused by the previous change to the rate in February, Fitch Ratings has said


08/09/2017

The revised discount rate could save insurers around £2.5bn, consultant EY has said


07/09/2017

Amundi has been awarded the highest rating for the quality of its ESG solutions, as well as its implementation of a responsible approach within its various fund management areas.


07/09/2017

Challenging market conditions saw shareholder' funds in the Willis Reinsurance Index total $348.2bn at HY 2017, a 1.2% increase from $344.1bn at year-end 2016


07/09/2017

Measures to change the way compensation payouts are calculated have been unveiled today by Lord Chancellor David Lidington


06/09/2017

SCOR is to conduct a full divestment from companies deriving more than 30 per cent of their turnover from coal, according to latest figures


06/09/2017

SCOR is to aim for a return on equity above 800 basis points over the five year risk-free rate and an optimal solvency ratio in the 185 to 220 per cent range


06/09/2017

Insurance Europe has aired a number of concerns around ICP 18 on intermediaries and ICP 19 on market conduct particularly concerning jurisdictional requirements and proportionality


06/09/2017

The European Insurance and Occupational Pensions Authority has published the technical information on the symmetric adjustment of the equity capital charge for Solvency II with reference to the end of August 2017


06/09/2017

Changing EU capital requirement rules for insurers to ensure listed real estate is treated like direct property investment could result in a sharp increase over time in investment flows to the industry, EPRA European Public Real Estate Association CEO Dominique Moerenhout has stated


05/09/2017

The outlook for the global reinsurance sector in 2018 remains negative as profits will come under further pressure from falling prices and low investment yields, Fitch Ratings has said


05/09/2017

Gross subscribed premiums at Groupama Asigurari rose by over 5 per cent in H1 2017, compared with the same period of 2016, to RON 462m


04/09/2017

Additional work is required in several areas for the upcoming review of Solvency II to achieve its aims, Insurance Europe has said


04/09/2017

Schroders has today launched the Carbon Value at Risk model designed to help investors more accurately assess the risks higher carbon prices pose for investment portfolios


04/09/2017

Institutional investors, including insurers, can maintain a diversified portfolio while taking into consideration ESG factors both to mitigate risks and enhance returns, MSCI has said


04/09/2017

The availability of Nomura Asset Management's two global inflation linked bonds UCITS funds has been extended to Switzerland and Spain


01/09/2017

The Prudential Regulation Authority has updated its April 2017 public disclosure with templates A and B, as required under Article 31(2)(c) of the EU Solvency II Directive


01/09/2017

Sompo Canopius has today announced that it is to be acquired by a private equity consortium led by Centerbridge Partners and including the private investment firm Gallatin Point Capital for a deal worth £737m


31/08/2017

Insurers are expected to tilt back towards more of a core fixed income allocation while still continuing to be invested in some of the extended sectors if yields and credit spreads increase over the longer-term


31/08/2017

The government and the European Union must allow millions of cross-border policies to continue to run undisturbed beyond Brexit to avoid a crunchtime scenario facing insurers, ABI director of regulation Hugh Savill has said


31/08/2017

The UN Environment’s Principles for Sustainable Insurance Initiative and the Microinsurance Network have joined forces to help achieve the UN Sustainable Development Goals


30/08/2017

Axis Capital Holdings has announced that at the general meeting held yesterday in London, Novae Group shareholders approved the scheme of arrangement with Axis Capital, with approximately 99.97 per cent of shareholder votes cast in favour of the proposal


30/08/2017

Swiss insurance group, Baloise, has seen the new business margin in its life business climb to 24.8 per cent and its asset management division has achieved a net return on insurance assets of 1.4 per cent


30/08/2017

The euro area economy will achieve above-potential growth this year and next, led by solid momentum in Germany, Moody's Investors Service says in its Global Macroeconomic Outlook report


30/08/2017

Zurich's portfolio of green bonds has grown to over $2bn, and as of August 2017, nearly $70bn green bonds had been issued in 2017 alone


29/08/2017

All four of the major European reinsurers reported lower-than-expected large loss experience in H1 2017, which helped them to maintain underwriting profitability, Fitch Ratings has said


29/08/2017

Intense competition among global reinsurers and the abundance of capital invested in the sector mean pricing will continue to weaken, with low investment yields putting further strain on profitability, Fitch Ratings has said


25/08/2017

Axis Capital has today announced that it has made a full and final offer of 715 pence per share for Novae Group


25/08/2017

Phoenix Group's Solvency II surplus has risen by £0.6bn between 31 December 2016 and 30 June 2017


25/08/2017

Aviva is to sell its entire 50% shareholding in its joint venture in Italy, Avipop Assicurazioni S.p.A and its wholly owned subsidiary Avipop Vita S.p.A (AV) to Banco BPM


23/08/2017

Low investment yields are the biggest challenge for the German life insurance sector, given the prevalence of investment guarantees and large asset-liability duration mismatches, Fitch Ratings has said


23/08/2017

Ecclesiastical Insurance delivered investment returns of £40.1m in H1 2017 up from £7.3m in H1 2016 due to "the steady rise in global markets"


23/08/2017

Austrian insurance group, UNIQA, has seen its investment income fall by 7.5 per cent to €233.5m in H1 2017 due to "persistently low interest rates and negative exchange rate effects"


22/08/2017

"No hasty alterations" to Solvency II rules must be made as the regulation has already had a "successful launch", German Insurance Association, GDV, has said


22/08/2017

The Dutch owner of Friends First, Achmea, is understood to have offered the business for sale, according to the Irish Independent.


22/08/2017

Vienna Insurance Group's profit rose by 9.6 per cent for the first half of 2017 with the solvency ratio increasing by 30 per cent


21/08/2017

Independent insurance and reinsurance legacy specialist Compre has announced it has acquired a further legacy portfolio from major Norwegian insurer Gjensidige for an undisclosed sum


21/08/2017

AMP Capital has reached final close on the AMP Capital Infrastructure Debt Fund III, raising $2.5bn for the mezzanine debt strategy, an additional $800m in co-investment rights and securing a further $800m from investors who want access to its deal capabilities


17/08/2017

NN Group's Solvency II ratio decreased to 196% at the end of Q2 2017 from 238% at the end of Q1 2017, mainly due to the acquisition of Delta Lloyd


17/08/2017

Royal London Asset Management is preparing an internal capital model for the purposes of monitoring capital and decision making processes under Solvency II


17/08/2017

Ninety-eight per cent of the top 100 non-life insurers have sufficient capital to cover SCRs, however the quality of many disclosures are disappointing with over a quarter publishing quantitative reporting templates containing obvious errors


16/08/2017

Swiss Life has increased its net profit by 5 per cent to CHF 524m in H1 2017 and increased its new business margin from 1.5 per cent to 2.6 per cent


16/08/2017

Global insurance renewal rates fell for the seventeenth consecutive quarter in Q2 2017, according to Marsh's latest Global Insurance Market Index


16/08/2017

Admiral has seen its UK insurance business turnover grow by 11% to £1.14bn (H1 2016: £1.03bn), and its international insurance business turnover grow by 39% to £221.9m (H1 2016: £159.2m)


16/08/2017

British life insurer Prudential has sold its US broker-dealer network in the US for $325m to LPL Financial


15/08/2017

A third of insurers (33%) consider implementation challenges around IFRS 17 to be their biggest concern as they prepare for the introduction of these changes in financial reporting, according to Hymans Robertson


15/08/2017

Insurers across Europe are taking on increasing amounts of liquidity, credit and macro risk as they think in terms of capital adjusted returns in a low yield environment


15/08/2017

IFRS 17 requirements will now "force insurance businesses to identify a consistent way of analysing their portfolios and will bring with it financial rigour to the identification and tracking of unprofitable business", PwC partner Nick Wilks has said


14/08/2017

"Fungibility is the biggest Brexit challenge from a capital management perspective for UK-based insurers", J.P. Morgan Asset Management global head of insurance strategy and analytics Gareth Haslip has said


14/08/2017

The transition to IFRS 9 and IFRS 17 for insurers is "the next Solvency II" in terms of large projects, J.P. Morgan global insurance solutions head of insurance strategy and analytics Gareth Haslip has said


14/08/2017

Talanx's gross written premiums increased by 6.9 per cent to €17.6bn in the first half of the year and the group's combined ratio remained largely stable at a level of 97 per cent


11/08/2017

The merger between Standard Life and Aberdeen has been given the go-ahead by the Court of Session in Edinburgh


11/08/2017

Talanx AG has been added to the FTSE4Good Index


10/08/2017

Insurance Europe has called for further clarification at PRIIPS Level 3 particularly around transaction costs for insurers


10/08/2017

Insurers' senior management must be responsible for reviewing the performance of reinsurance programmes, not boards, the Global Federation of Insurance Associations has said


10/08/2017

The Climate Policy Initiative has launched its design for an investment-grade financing vehicle targeted at institutional investors that reduces the cost of energy from renewables by 17 per cent


10/08/2017

The Ogden rate change hit Zurich's business operating profits by $289m in H1 2017 according to its latest financial results


10/08/2017

Prudential is to combine its asset manager, M&G, and Prudential UK & Europe to form M&G Prudential


10/08/2017

Aegon's shares have rocketed by more than 8 per cent after the Dutch insurer announced the sale of its Irish business


09/08/2017

Munich Re's investment result for the period from April to June 2017 fell 31% due in part to derivative performance


09/08/2017

Legal and General has seen its SII coverage ratio rise by 15% and its SII surplus rise by £1bn


09/08/2017

Brexit could result in a "significant increase in the volume of Part VII transfers to move contracts between entities," PRA CEO Sam Woods has said


09/08/2017

Five major European insurers continue to hold at least $361m of assets in companies which are planning to develop 97,000 megawatts of new coal power plants, Unfriend Coal has revealed


08/08/2017

Standard Life is pushing ahead with plans to move part of its operations to Ireland, the firm's CEO Keith Skeoch has said


08/08/2017

Standard Life's assets under administration rose by 1 per cent to £361.9bn in H1 2017, according to the firm's latest half year results


08/08/2017

Total fossil fuel investments of 15 of the largest insurance groups across Europe amount to $130.7bn, new research has shown


08/08/2017

The PRA is proposing to introduce revised methods for determining periodic PRA fees for general insurers and life insurers


07/08/2017

Due to strong demand, the deadline for the Insurance Asset Management Awards 2017 has been extended until 18 August


04/08/2017

Allianz Group and LV= have agreed to launch a joint venture and a longer-term strategic partnership in the UK, creating a general insurance business with over six million customers and gross written premiums in excess of £1.7bn


03/08/2017

Aviva's general insurance net premiums rose by 11% to £4,688m in HY17 compared to £3,991m in HY16


03/08/2017

Aviva has signed a significant ten-year distribution deal in the UK with HSBC, to provide a broad range of general insurance products in the UK


03/08/2017

German insurer Allianz is close to sealing a deal to buy a stake in the £1bn LV= insurance unit


03/08/2017

AXA's Solvency II ratio rose by four points to 201 per cent in the first half of 2017 versus 192 per cent in FY16, mainly driven by a strong operating return contribution net of estimated dividend accrual


03/08/2017

The volume of completed mergers and acquisitions worldwide in the insurance industry fell from 186 in H1 2016 to 170 deals in H1 2017, according to Clyde & Co


02/08/2017

The deadline to enter the 1st Insurance Asset Management Awards is this Friday 4 August


02/08/2017

Lloyd's chief Inga Beale has been elected as the new CII president


02/08/2017

Net inflows in the French life insurance market rose by €500m between May 2017 and June 2017


02/08/2017

Novae Group's return for H1 2017 was £17.3m down from £28.4m in H1 2016


02/08/2017

Generali Group's preliminary regulatory solvency ratio based on the use of an internal model stood at 188% up from 178% FY 2016


02/08/2017

RSA Group has recorded Solvency II coverage ratio of 163 per cent after dividend accrual, slightly above the 130%-160% target range


01/08/2017

Proposed changes to ICP 13 are "broadly positive" but the IAIS should "refrain from being over prescriptive in certain provisions," Insurance Europe has argued


01/08/2017

IAME editor Adam Cadle talks to Generali head of group asset liability management/strategic asset allocation Francesco Martorana about asset management, ESG, and investment strategies


01/08/2017

The Bank of England must provide comprehensive details of the City's readiness for a hard Brexit, newly elected chair of the Treasury Committee Nicky Morgan has said


01/08/2017

The consolidated SCR coverage ratio for CNP Assurances increased by 16 per cent from 177 per cent at 31 December 2016 to 193 per cent as at 30 June 2017


01/08/2017

The investment result for Hiscox before derivatives was £50.5m in H1 2017, up from £42m in the first six months of 2016, and is therefore "ahead of expectations", the firm said


01/08/2017

Direct Line's Solvency II capital coverage ratio rose by 8% from 165% to 173%, according to the insurer's latest half year report


28/07/2017

Government bonds, corporate bonds, cash and deposits, listed equities and collective investment undertakings form the main holdings within Irish insurers investment portfolios, Milliman has revealed


27/07/2017

IFRS 9 represents "a major improvement in comparison with IAS 39 and is expected to bring substantial benefits from a financial stability perspective", the ESRB has said


27/07/2017

SCOR's estimated solvency ratio hit 226% as at 30 June 2017, marginally above the optimal range of 185%-220% defined in its Vision in Action strategic plan


27/07/2017

German insurer, Allianz Group, has achieved a 23% increase in operating profit in the second quarter of 2017 to €2.9bn


27/07/2017

AXA IM's loan fund has surpassed the €1bn mark in AUM bringing the total platform AUM as at 30 June 2017 to €37bn


27/07/2017

Deutsche Asset Management has announced the final close of Pan European Infrastructure II L.P. (PEIF II), achieving total commitments of around €1.8bn from 31 institutional investors globally, with additional dedicated co-investment capital of at least €800m


26/07/2017

Reinsurance premiums payable by an insurer to its reinsurer should not be valued within the technical provisions in accordance with articles 77(2) of the Solvency II Directive, EIOPA has said.


26/07/2017

The PRA has published a consultation paper setting out its substantive proposals for the extension to all insurers of the senior managers and certification regime, that will be introduced by amendments to FSMA through the Bank of England and Financial Services Act 2016


25/07/2017

The Sustainable Insurance Forum believes insurance supervisors can raise awareness of the Task Force on Climate-related Financial Disclosures among regulated firms and can work with market actors to build capacity and share tools, including for the development of scenarios and metrics


25/07/2017

Getting hold of yield, understanding how portfolios will behave under different economic regimes and the ability to generate returns through turnover as QE ends are the key challenges facing chief investment officers and asset managers


25/07/2017

New life premiums in Italian insurance firms since January have declined by 14.1 per cent compared to the same period last year, the latest ANIA newsletter has shown


25/07/2017

The European Commission's changes to the European Market Infrastructure Regulation have been welcomed by Insurance Europe, but a range of concerns still persist according to the (re)insurance federation


24/07/2017

The use of internal models should be permitted as an important component and integral part of ICS Version 2.0, the CRO Forum has argued


24/07/2017

The EU Financial Affairs Sub-Committee has launched a new inquiry into the future of financial regulation and supervision following Brexit


24/07/2017

Disclosures as part of embedded value reporting among insurers reduced during 2016, due in part to more firms moving to new shareholder value reporting metrics given the introduction of Solvency II


24/07/2017

The government has included provisions for the use of arrangements between cells in a protected cell company


24/07/2017

The UK economy is to expand more slowly in 2017 than previously expected, with growth expected to hit 1.7%, compared with an earlier 2% forecast


24/07/2017

The Financial Services Compensation Scheme has now made over 28,000 return of premium payments worth £8.3m to former policyholders of Gable Insurance


21/07/2017

The ICS is "not fit for use in the British market", the ABI has said


21/07/2017

The International Association of Insurance Supervisors has today announced the release of ICS Version 1.0 for extended field testing involving 50 insurance groups


21/07/2017

The Central Bank of Ireland has appointed Ed Sibley as deputy governor, prudential regulation and Derville Rowland as director general, financial conduct


20/07/2017

AIG Europe has received approval from the Prudential Regulation Authority for the use of its partial internal model to calculate the group SCR under the EU's Solvency II Directive


20/07/2017

Twenty-one out of 40 of OECD reporting countries insurers experienced an increase in direct gross premiums written in real terms in 2016, irrespective of whether they engage in life or non-life insurance activities


20/07/2017

The automatic penalisation of insurers holding brown assets in their investment portfolios should be avoided, given the lack of sufficient supply of green assets to invest in, Insurance Europe director general Michaela Koller has said


20/07/2017

Austrian insurance group Uniqa is to use Moody's Analytics technology for its market risk internal mode, strategic asset allocation and portfolio optimisation


19/07/2017

Conservative Member of Parliament for North Warwickshire and Bedworth Craig Tracey has been re-elected as chair of All Party Parliamentary Group on Insurance and Financial Services


19/07/2017

Lloyd's of London has announced a series of new measures to support syndicates following a once-in-a-generation loss


19/07/2017

Aviva is to sell its international business it bought as part of the £5bn takeover of Friends Life in 2014


19/07/2017

The amount of regulation in the insurance industry risks throttling insurance as a source of capital, a number of panelists at a recent Insurance Asset Management Europe roundtable concluded


18/07/2017

Spanish insurers generated revenues of €7,087m from insurance taxes paid and collected, latest figures from the Association of Spanish insurers, UNESPA, have showed


18/07/2017

German life insurers broke the €1trn barrier in their investments on behalf of clients, for the first ever time last year according to the German Insurance Association, GDV


18/07/2017

Net inflows for French life insurers were recorded at €300m for May 2017, down from €400m for April 2017


18/07/2017

UK inflation fell unexpectedly in June to 2.6 per cent, substantially reducing the likelihood of an August interest rate rise


18/07/2017

Global reinsurer capital stood at a peak level of $605bn at 31 March 2017, an increase of 2 per cent relative to the end of 2016


17/07/2017

Insurers are adamant for an answer to be given on whether there will be a transitional arrangement post-Brexit


17/07/2017

The U.S. Department of the Treasury and the Office of the U.S. Trade Representative are to sign the covered agreement on re/insurance with the EU


17/07/2017

The Financial Stability Board has welcomed the new insurance contracts Standard, IFRS 17, and has stressed the importance of insurers starting the process to implement it as soon as possible


17/07/2017

Additional academic input is needed to enhance the general awareness of how effective the long-term business model of the insurance industry can be in reducing market risk, the Italian National Association of Insurance Companies, ANIA, has argued


17/07/2017

Royal London Asset Management has today announced the launch of its multi-asset credit fund for institutional investors including insurers


17/07/2017

The level of total global alternative assets under management has been recorded at $6.5trn, according to latest data published by the 2017 edition of Willis Towers Watson’s Global Alternatives Survey


14/07/2017

Italy's Generali has put its €44bn German life insurance portfolio up for sale as it restructures in Europe


13/07/2017

The EU High-Level Expert Group on Sustainable Finance has today published its interim report on Sustainable Financing a European Economy, proposing a number of areas in which insurance companies can help.


12/07/2017

Specialist insurer Beazley has received approval to convert its Dublin-based reinsurance company into an insurance company, as part of its European expansion plan


12/07/2017

Insurers' asset managers weight of alternatives and specialities is now resembling that of the broader asset management industry, BCG has said


12/07/2017

Investment management is higher than ever on insurance companies' agendas, with some insurers increasing the annual earnings of a $100bn fund by more than $100m.


12/07/2017

The value of global AuM grew by 7 per cent in 2016 to $69.1trn from $64.6trn compared to just a 1 per cent rise over 2015, BCG's Global Asset Management 2017 study has found


11/07/2017

Solvency II may partially protect insurers’ solvency positions from falls in risky asset prices, but may encourage certain types of UK life insurers to de-risk, the Bank of England has said


11/07/2017

“The benefits of ILS investments offer are a telling illustration of the value of active investment management,” Twelve Capital’s managing partner Christoph Buerer has said


11/07/2017

EIOPA has issued a number of principles to foster supervisory convergence and to ensure consistency in the authorisation process related to the relocation of (re)insurance undertakings from the UK


10/07/2017

The PRA’s expenditure on insurance supervision dropped by £8m between 2016 and 2017, latest figures have shown


10/07/2017

Some insurers are amending existing unit-linked insurance contracts to boost Solvency ratios, PRA CEO and deputy governor Sam Woods has said


10/07/2017

The Prudential Regulation Authority has outlined its medium-to-long term insurance strategies underlining how it can contribute to the industry’s efforts around international insurance standards, insurance supervision and operational resilience


06/07/2017

The Bank of England is to publish a new paper next week analysing liquidity in the European corporate bonds market


06/07/2017

The Prudential Regulation Authority has issued a supervisory statement mapping out its matching adjustment expectations for unrated illiquid assets


06/07/2017

Lloyd's insurer, Novae, is to be bought by Axis Capital for £468m


06/07/2017

Swiss Re has announced it is now consistently integrating benchmarks that systematically utilise ESG criteria


05/07/2017

Global insurance premiums increased by 3.1% in 2016, down from 4.3% in 2015 according to Swiss Re's latest sigma study


05/07/2017

PZU Group's consolidated SCR amounted to PLN 8,418m and the eligible own funds amounted to PLN 21,031m as at 31 December 2016, which provided the ratio of eligible own funds to SCR at the level of 250 per cent


05/07/2017

EIOPA has launched a consultation paper on its first set of advice to the EC on the SII review


05/07/2017

EIOPA has called for a minimum degree of harmonisation in the field of recovery and resolution for (re)insurers with the objective to increase policyholder protection and financial stability in the European Union


04/07/2017

Artificial volatility and pro-cyclicality in the ICS valuation can be avoided only if the link between insurers assets and liabilities is fully recognised in the valuation methodology, and the ICS valuation methodologies are carefully tested under both normal and stressed market conditions, Insurance Europe director general Olav Jones has said


04/07/2017

Insurance Europe deputy director general Olav Jones has declared his "disappointment" over the lack of talks so far at the IAIS on the issue of internal models as part of the global standard ICS


04/07/2017

The impact of recent market moves in the global fixed income markets on insurance companies, "will depend on the asset liability duration mismatch and the amount of unhedged foreign exchange exposure", J.P. Morgan Asset Management insurance fixed income portfolio manager Prashant Sharma has said


04/07/2017

Further evidence-gathering and analysis needs to be undertaken before any proposals to reflect the principles of the expected loss model of IFRS 9, IFRS 15 and IFRS 16 in FRS 102 could be made, the FRC has said, and therefore it will not be issuing a triennial review phase 2 exposure draft later this year


04/07/2017

Polish insurance company, PZU, has issued 2.25bn zlotys ($602.64bn) worth of subordinated bonds


03/07/2017

Zurich Insurance Group has achieved the targets it set itself to reduce carbon emissions by 50 per cent and energy consumption by 40 per cent per employee by 2020, three years early


03/07/2017

Lloyd's of London has appointed Robert Childs as deputy chairman


03/07/2017

The government's shock decision to cut the so-called Ogden rate from 2.5 per cent to -0.75 per cent will have an impact on insurers "far greater than any of the flooding in the North of England combined", ABI chief Huw Evans has said


03/07/2017

Future return gaps, a lack of capabilities around alternatives and regulatory modernisation are the three major risks affecting insurance asset management across Asia Pacific, Standard Life Investments has said


29/06/2017

The Task Force on Climate-related Financial Disclosures has published its recommendations for helping investors, including insurance companies, to disclose clear, consistent and comparable information on the risks and opportunities presented by climate change


29/06/2017

Insurer-owned asset managers recorded the strongest growth in AUM, with a compound annual growth rate of 10.1 per cent over a two-year period compared to 5.4 per cent and 3.8 per cent for independent and bank-owned asset managers respectively


29/06/2017

The industry reacts to the FCA's Asset Management Market Study report


29/06/2017

An unnamed insurance company is making a profit under one national accounting standard and a loss under another, IASB chairman Hans Hoogervorst has said, as the complexity of this area continues to trouble insurers


28/06/2017

Corporate and government bonds together account for more than 60% of insurers' investment portfolios on an EEA wide basis under Solvency II, latest statistics published by EIOPA have shown


28/06/2017

Insurer and reinsurer MS Amlin is to move its European business, Amlin Insurance Societas Europaea, to Belgium in order to serve customers following Brexit


28/06/2017

LV= has restructured its life business to bring its protection, retirement solutions and heritage business under one management


28/06/2017

The Treasury should bring investment consultants into the FCA's regulatory perimeter in order to improve competition and value for money for clients, the regulator's latest Asset Management Market Study has said


27/06/2017

Acting as lead manager for a group of institutional investors, Talanx has co-ordinated a €556m bond to finance the offshore-windfarm Gode Wind situated in the North Sea,


27/06/2017

Seventy-seven per cent of institutional investors believe building ESG initiatives into a company's business model is better for the long-term success of the business


27/06/2017

The new ILS regime in the UK is to be implemented in Autumn this year, with regulations now being finalised


27/06/2017

The flow of insurance services to UK customers "could be disrupted" if EEA firms are unable to operate in the UK in the same manner as they do today following Brexit, the Bank of England has warned


26/06/2017

Two thirds of the 507 global asset managers and asset owners believe it is becoming more challenging to achieve growth in the current market environment according to State Street's latest study


26/06/2017

IFRS 17 is "not all bad news" for general insurers as they "may be able to use existing Solvency II processes and simplified measurement approaches" which could reduce costs, PwC IFRS 17 actuarial services director Graham Oswald has said


26/06/2017

Allianz is to lose around €200m from the sale of private bank Oldenburgische Landesbank to U.S. private equity firm Apollo


26/06/2017

The insurance and long term savings sector is one of the UK's most productive industries, adding more than £40bn a year to the economy


23/06/2017

GRESB, the global ESG benchmark for real assets, endorses the latest advance of the guidance for green, social and sustainability bonds recently released by the ICMA Executive Committee of the Green Bond Principles


23/06/2017

EFAMA has elected William Nott as president for a two-year term until June 2019


22/06/2017

FCA chair John Griffith-Jones has confirmed he will leave his position at the end of this term of office on 31 March 2018


22/06/2017

Specialist insurance group, Chaucer, has announced that the Central Bank of Ireland has approved the formation of a Dublin-based company that will trade under the name of Chaucer Dublin to write international speciality insurance and reinsurance business


22/06/2017

The Competition and Markets Authority has cleared the anticipated acquisition by Standard Life of Aberdeen Asset Management


21/06/2017

UK life insurance company Aviva is to withdraw from tobacco investing


21/06/2017

Insurers should invest in convertibles under Solvency II legislation due to their asymmetric investment profile and equity-like returns with a lower risk profile, CQS has argued


21/06/2017

Total assets of euro area insurance corporations increased to €7,792bn in the first quarter of 2017, from €7,775bn in the previous quarter, latest ECB figures have shown


20/06/2017

The European insurance sector is “adequately capitalised” with a median solvency ratio of 209 per cent in Q4, the EIOPA’s latest Financial Stability Report 2017 has shown


20/06/2017

A proposal to introduce half-yearly reporting of sensitivities in relation to insurance and reinsurance firms has been included within a draft supervisory statement issued by the Prudential Regulation Authority


20

A total of 10 Irish insurance companies are now using an internal model for Solvency Capital Requirement purposes with none using the matching adjustment formula, latest research has shown


20/06/2017

The European insurance and Occupational Pensions Authority has called for further improvements in the ORSA process, despite some positive progress being shown


20/06/2017

The Bank of England has announced a review of the financial risks of climate change and how these risks could affect the banking and insurance sectors


13/06/2017

ShareAction and Asset Owners Disclosure Project (AODP) have jointly announced that ShareAction will take control of AODP, including the ranking of climate-related financial disclosures of the world’s largest pension funds, insurers, sovereign wealth funds and endowments.


09/06/2017

UK insurers have reasonably well-matched liability duration profiles to combat future market movements stemming from the General Election fallout, JP Morgan Asset Management insurance fixed income portfolio manager Prashant Sharma has said


09/06/2017

EU mutual insurers wrote a record €406bn in premiums in 2015, according to a report published by AMICE in conjunction with ICMIF


06/06/2017

Insurers' first detailed annual reports under Solvency II have been criticised in an online report published by Deloitte Ireland


06/06/2017

General insurance and reinsurance firm QBE has announced its intention to create a new subsidiary in Belgium to preserve its ability to operate across the European Union in the event of a loss of 'passporting' rights due to Britain leaving the EU


06/06/2017

IFRS 17 implementation costs of between £1bn and £2bn in the UK would "not seem unrealistic", according to Prudential CFO Nic Nicandrou


05/06/2017

RSA Insurance Group is planning to set up a new subsidiary entity in Luxembourg as the headquarters of its existing EU branches in Belgium, Germany, Spain and the Netherlands


02/06/2017

Reinsurer, Swiss Re, has condemned US President Donald Trump's decision to withdraw from the Paris climate accord


02/06/2017

Around 90 per cent of German insurer Talanx's investments are now covered by ESG screening, according to its latest sustainability report


01/06/2017

Fifty-three investors, health systems, pensions funds and insurers representing $3.8trn in assets under management, have signed a statement to WHO representatives openly supporting stronger regulation around tobacco control amid growing worries about financial risk


01/06/2017

The constantly evolving demands of consumers mean that rules governing insurers "must allow them to provide innovative products to meet those needs", Insurance Europe's president Sergio Balbinot has said


31/05/2017

Italy's largest insurance company Assicurazioni Generali has sold 510 million of ordinary shares of Intesa Sanpaolo SpA, equal to 3.04 per cent of its overall share capital to fend off a possible takeover from the retail bank


31/05/2017

The Central Bank of Ireland Commission has approved the restructuring of the Central Bank's financial regulation functions due to an upsurge in financial regulation activity in recent years


31/05/2017

The FCA has appointed Keith Jackson to take the role of director of general insurance and protection


30/05/2017

EIOPA is to publish guidance for national regulators so they do not undercut one another in their attempts to attract firms looking to move from London as a result of Brexit


30/05/2017

IAME editor Adam Cadle talks to European Insurance and Occupational Pensions Authority chair Gabriel Bernardino about the UFR, how important a macro-prudential framework is for insurance, Brexit and more...


26/05/2017

The International Accounting Standards Board has issued a request for stakeholders to tell the board about their experience with the accounting standard that explains how to measure the ‘fair value’ of assets and liabilities, IFRS 13


24/05/2017

Insurance companies accounted for 27 per cent of total assets managed in Europe, according to EFAMA's latest Asset Management in Europe report


24/05/2017

Stakeholder demands for EIOPA to conduct an additional impact assessment over the UFR methodology are "disproportionate", the regulatory body has argued


22/05/2017

Relatively short durations, floating rates and attractive characteristics on a capital adjusted basis are some of the main reasons insurers should be looking to invest in bank loans, Invesco's head of UK insurance Ed Collinge has said


22/05/2017

Five member states have failed to notify the European Commission of all measures necessary to fully implement Solvency II rules into their national law


22/05/2017

Insurance companies "missed an open goal" during Solvency II to swap out or modernise legacy IT systems and will now face a number of data challenges linked to IFRS 17, PwC IFRS consulting lead Alwin Swales has warned


19/05/2017

L&G's SII surplus has risen by £1.3bn with its coverage ratio increasing by 17 per cent


19/05/2017

Data and systems issues at forefront of worries


19/05/2017

The International Accounting Standards Board is seeking suitable candidates for membership of the Transition Resource Group on IFRS 17 Insurance Contracts


18/05/2017

The International Accounting Standards Board has today issued IFRS 17 Insurance Contracts


18/05/2017

IAME editor Adam Cadle talks to IAIS secretary general Yoshihiro Kawai about the latest developments within the association and the European insurance market


16/05/2017

Transferring some responsibilities away from EIOPA or merging it with another of the European supervisory authorities would "reduce the effectiveness of consumer protection and prudential oversight", according to Insurance Europe


16/05/2017

Solvency II ratios within the insurance sector are now stronger due to higher market values of assets and the increase of the risk free curve used for discounting the technical provisions, EIOPA's latest Risk Dashboard has shown


16/05/2017

The UK discount rate must better reflect investment strategies, be subject to regular review and set by a politically accountable minister, the International Underwriting Association has declared


16/05/2017

The insurance contracts standard IFRS 17 is to be published on 18 May 2017, the IASB has announced


15/05/2017

General insurer, LV=, is in talks with Allianz over the sale of a minority stake in its general insurance operations


11/05/2017

Hamilton Insurance Group chairman and chief executive Brian Duperreault is set to return to AIG as chief executive


11/05/2017

Italian insurer, Generali, is to launch a new strategy for its asset management business addressing the needs of insurance companies and individuals in a low interest rate environment


11/05/2017

French insurer, AXA, has announced its intention to overhaul the group's US operations


09/05/2017

The intended nature of IAIS application papers was not to set any new standards for insurers, Insurance Europe has warned in its response to the IAIS consultation on the draft paper on group corporate governance


09/05/2017

Munich Re's solvency ratio for Q1 2017 was 243% placing the firm in the top group of major European insurance companies, despite the ratio falling from 267% as at 31 December 2016


09/05/2017

The Spanish government is aiming to improve the economic and functional governance of the entities in charge of the supervision of the country's insurance sectors


09/05/2017

Spanish insurance company, MAPFRE, has joined the global network of signatories to the Principles of Responsible Investment


09/05/2017

London's global reinsurance premiums declined from 13.4 per cent in 2013 to 12.3 per cent in 2015, according to the London Market Group's latest report


08/05/2017

The total value of life insurance paid out in the UK in 2016 was £2.8bn, with over 98 per cent of claims paid out at an average value of £75,000


04/05/2017

General insurance company RSA Group has seen its premium incomes rise by 14 per cent and its solvency ratio increase by 8 per cent


04/05/2017

Insurance Ireland is calling for "regulatory grandfathering" of UK-based insurers


04/05/2017

Swiss insurance companies are being given an opportunity to participate in a modelling programme to gauge their alignment to the sustainability target of keeping climate temperature changes below 2 degrees, as outlined in the Paris Agreement


04/05/2017

QBE Insurance Group is to move its European base from London to the continent due to growing uncertainty linked to Brexit, the firm's chairman has said


04/05/2017

The Insurance Asset Management Awards are now open for entries


03/05/2017

General insurer Direct Line's gross written premium for ongoing operations was 4.2 per cent higher than the first quarter of 2016, latest figures have shown


02/05/2017

Norwegian life insurance firm, Storebrand, has said an ultimate forward rate of 3.65 per cent will reduce its solvency margin excluding transitional rules by 8 per cent


02/05/2017

Three months is an "adequate amount of time" for an insurance firm to become aware of a material change in a risk profile having occurred, the Prudential Regulation Authority has said


02/05/2017

Three-quarters of insurers believe the return potential of illiquid assets makes them worth the risk, according to a new survey


02/05/2017

Global insurers are being urged to sit up and take notice of the new accounting reporting standard IFRS 17, with many remaining unaware of what it is, PwC has warned


28/04/2017

IAME editor Adam Cadle speaks to Insurance Ireland CEO Kevin Thompson about mergers, non-life, life and reinsurance in Ireland


28/04/2017

IAME editor Adam Cadle talks to the Association of Mutual Insurers and Insurance Cooperatives in Europe secretary general Sarah Goddard about its aims and ambitions in the insurance space


27/04/2017

US investment grade corporates, private equity, high yield debt, infrastructure debt and middle market corporate loans head the lists of assets global insurance CIOs and CFOs are looking to outsource the management for in the next 12 months, a new survey has shown


26/04/2017

Payments between asset managers and insurance undertakings are widespread thus potentially creating conflicts of interest, EIOPA has warned


25/04/2017

Medium to small monoline insurers may well suffer from the PRA's 14 July deadline for firms to provide confirmation they have a 'worse-case scenario' plan for trading with the European Union post-Brexit


25/04/2017

The insurance sector is at risk of being further marginalised by investors as performance reporting becomes more complicated as a result of Solvency II, according to a report published jointly by Autonomous Research and Willis Towers Watson


25/04/2017

AXA Investment Managers has announced its intention to divest from companies that derive more than 50 per cent of their revenues from coal-related activities, effective 30 June 2017


25/04/2017

An independent insurance expert is more integral to the insurance industry than a supervisory merger for all EU financial markets, German Insurance Association chief executive officer Jörg von Fürstenwerth has said


24/04/2017

Insurers are being encouraged to examine the complementary relationship between the one-in-200-year required stress test and the macroeconomic scenario used for capital planning purposes


20/04/2017

Worldwide insurance premiums will grow as strongly as the global economy in the next two years, at an average of 4.5% (2.9% in real terms) compared with 3% (2.9% in real terms) in 2016


20/04/2017

Insurance Asset Management Europe speaks to oekom research senior client relations manager Jaspreet Duhra about ESG in the insurance industry


20/04/2017

Insurance Asset Management Europe speaks to NN Investment Partners head of responsible investments Adrie Heinsbroek about the ESG insurance environment


19/04/2017

"Shariah-compliant insurance is likely to become increasingly important" and Lloyd's Market Association is working on ways to ensure it is as up to date as possible, LMA director of development Tim Willcock has said


19/04/2017

Athene and a number of global institutional investors have committed a €2.2bn common equity investment to fund growth and sector consolidation in the German and broader European guaranteed life insurance market


18/04/2017

The total value of domestic assets in Polish insurance companies exceeded PLN 185bn at the end of 2016, up by almost 2.5 per cent from a year ago, latest figures have revealed


13/04/2017

Global reinsurer capital stood at a peak level of $595bn as at 31 December 2016, an increase of five per cent relative to the prior year, according to Aon Benfield


12/04/2017

LV= has seen its solvency ratio increase from 126 per cent to 140 per cent, but the capital coverage ratio is still not what the firm wants it to be, its latest financial results have shown


12/04/2017

Multi-asset UK insurers are displaying a significantly higher appetite for capital preservation and drawdown minimisation strategies than their continental European peers, AXA IM has said


12/04/2017

Over half of insurers (53%) have expressed negative views on their Solvency II experience so far, with many citing it as a non-negligible financial cost and a significant administrative burden


12/04/2017

Three quarters of insurers are most worried about the long-term repercussions of an extended period of low interest rates, far outpacing concerns around regulation and geopolitical uncertainty in Europe, a new survey has shown


12/04/2017

Insurance premium volumes are expected to continue growing primarily driven by emerging markets, particularly emerging Asia, and by demand on the savings side which is supportive of the life business line, AXA IM has said


11/04/2017

The PRA is asking the largest regulated general insurers to provide information about the impact of a range of stress tests on their projected own funds, as well as providing additional information on their sectoral exposures to the UK economy


11/04/2017

European non-life and life insurers engaged in less merger and acquisition activity in 2016 than in either of the preceding two years, but industry consolidation is, nonetheless, set to remain a key trend


11/04/2017

Life insurers in Germany and the Netherlands are set to experience a severe adverse shock from a decrease in the UFR


10/04/2017

Net inflows to French life insurance companies hit €600m in February 2017 a rise of €200m from the previous month, latest data published by the French Insurance Federation has shown


10/04/2017

Significant barriers around the implementation of new insurance standards remain, according to Fitch Ratings


10/04/2017

Insurance companies need to be more nimble with their investment strategies both in lower rated bonds within the investment grade credit sector and in bonds that are lower down in the capital structure


06/04/2017

Over a third (35%) of insurers now take responsible investment or ESG criteria into consideration when making asset allocation decisions for their portfolios, according to a survey by AXA IM of 122 insurance company CIOs and decision-makers in France, Germany and the UK


06/04/2017

The Dutch Association of Insurers has called upon the European Commission not to implement the suggested changes of the UFR in the short term, but to wait until the full review of Solvency II


06/04/2017

The Ultimate Forward Rate applied to the euro is to decrease in 2018 from 4.2% to 4.05%, the European Insurance and Occupational Pensions Authority has said


05/04/2017

The growth of the global insurance industry continued to advance in 2015, as premium growth improved to 3.8% from 3.5% in the previous year


04/04/2017

In the fourth quarter of 2016, Dutch insurers sold almost €3bn worth of German government bonds, figures from De Nederlandsche Bank show


04/04/2017

Total assets of euro area insurance corporations decreased to €7,768bn from €7,878bn in the previous quarter, according to latest statistics published by the ECB


03/04/2017

Insurers could have the opportunity to harvest a liquidity premium offered by the relatively more illiquid CLO sector, and gain exposure to high yield risk at an attractive entry point, CQS has stated in its latest research paper


03/04/2017

Phoenix Group has seen its Solvency II surplus rise by £0.6bn in the year to 31 December 2016


31/03/2017

The Irish insurance industry is "not doing anything wrong" but should reflect on what it can do or adjust to realise future opportunities, following AIG's announcement it is to set up a new base in Luxembourg and Lloyd's statement outlining its new insurance company in Brussels, Insurance Ireland CEO Kevin Thompson has said


31/03/2017

The Institute and Faculty of Actuaries has announced that Jules Constantinou has been elected as the next President-elect of the IFoA


30/03/2017

The Global Sustainable Investment Alliance has released its biennial investment review disclosing that sustainable investment assets reached $22.89trn globally by the start of 2016, a 25 per cent increase from 2014


30/03/2017

Lloyd’s will be setting-up a new European insurance company to be located in Brussels, with the intention for the company to be ready to write business for the 1 January 2019 renewal season, subject to regulatory approval


30/03/2017

Lloyd's, the world's specialist market for insurance and reinsurance has today announced a profit of £2.1bn for 2016 despite the combined ratio moving from 90 per cent to 97.9 per cent


30/03/2017

Low interest rates and regulation remain the two most important challenges insurers face with regards to their investment portfolio, a new survey by AXA IM of 122 insurance companies’ CIOs has confirmed


16/03/2017

A fundamental review of the Solvency II risk margin formula should be conducted to eradicate significant flaws, Willis Towers Watson has said


13/03/2017

The current SCR of 25 per cent stipulated under the Solvency II directive for investment in European real estate by European insurance companies, exceeds the most extreme 12-month downside values at risk documented for geographically diverse real estate investments across Europe, MSCI has said


13/03/2017

A total of 30 re/insurers have discussed Brexit relocation with the Central Bank of Ireland


10/03/2017

The London Market Group has published its recommendations to the UK government in its Brexit negotiations and called for the continued rights for insurers to undertake cross border activity


10/03/2017

More detailed discussions around the loss absorbing capacity of deferred taxes, risk margin assumptions and the look-through approach to investment-related undertakings linked to Solvency II provisions are essential, Insurance Europe has argued


10/03/2017

Insurance companies should implement smart collars and smart volatility-control solutions to protect against excessive downside risk and lighten the capital burden linked to equity investment, Schroders head of insurance asset management Paul Forshaw has said


06/03/2017

A new EU framework on recovery and resolution for insurers is not required, because Solvency II already provides strong safeguards, Insurance Europe has argued


06/03/2017

The Financial Conduct Authority (FCA) has today published the first of its two consultation papers on the implementation of the Insurance Distribution Directive


06/03/2017

Standard Life has confirmed the terms of its £3.8bn acquisition of Aberdeen Asset Management, which will see the creation of one of the biggest fund managers in Europe with a combined £660bn in assets if the deal goes ahead


02/03/2017

UK general insurance firm Hastings has seen its Solvency ratio drop by 16 per cent to 140 per cent since its half-year results, due to the cut in the Ogden discount rate


02/03/2017

The use of payer CDS swaptions are key as part of the credit hedging process where there is emphasis on downgrade and default risk rather than spread risk with the introduction of the matching adjustment, according to AllianceBernstein head of European corporate credit Jorgen Kjaersgaard


01/03/2017

The PRA Board has been replaced by the Prudential Regulation Committee today, with the PRA being brought within the single legal entity of the Bank of England


01/03/2017

The government is to "progress urgently" with a consultation on the framework for setting future discount rates, and bring forward any necessary legislation at an early stage, Chancellor of the Exchequer Philip Hammond has said


28/02/2017

Generali France chairman and CEO Eric Lombard has been elected chairman of the Economic and Finance Committee of Insurance Europe


28/02/2017

Lord Chancellor Elizabeth Truss's decision to lower the Ogden discount rate to -0.75 per cent from the current level of 2.5 per cent is espected to knock approximately two percentage points off Aviva's Solvency II capital ratio


28/02/2017

Insurance CEO's will today meet Chancellor Philip Hammond and call on him to intervene and stop Lord Chancellor Elizabeth Truss's "crazy" decision to cut the discount rate


28/02/2017

Total assets of euro area insurance corporations amounted to €7,878bn in the third quarter of 2016, latest figures published by the ECB have shown


27/02/2017

The UK government has today cut the Ogden discount rate from 2.5 per cent to -0.75 per cent


24/02/2017

Taxable municipal bonds, infrastructure debt and private placement debt are key areas that could help insurers meet the needs of their liability-driven dilemmas, Macquarie Investment Management head of insurance strategy and asset liability management Christopher Hanlon has underlined


23/02/2017

Solvency II is "not working very well" for different forms of insurance products such as catastrophe bonds, and a consultation is underway to deal with this, PRA deputy governor for prudential regulation and chief executive officer Sam Woods has said


22/02/2017

UK insurers have benefited to the tune of £60bn from matching adjustment and volatility adjustment waivers under Solvency II regulation