Solvency II equivalence News

Brexit Impact on UK Insurers Dictated by Trade Talks, Possible Economic Hit: AM Best

From an operational point of view, the United Kingdom’s departure from the European Union on Jan. 31, 2020 will have little immediate impact on AM Best-rated insurers in the UK or EU, according to the ratings agency in a new …

Brexit Cost Implications to Weigh on UK Re/Insurers: A.M. Best Report

The cost implications of the loss of passporting rights after the UK exits the European Union will weigh on re/insurers, as will any resultant economic downturn. However, A.M. Best does not anticipate taking any rating actions as a result of …

With Brexit, UK Government Should ‘Refine Not Replace’ Solvency II: Insurers

Rather than replacing Solvency II entirely when the UK leaves the European Union, regulators need to refine EU’s insurance regulation to make it more appropriate for the UK market and customers, according to the Association of British Insurers (ABI). Following …

Bermuda Insurance Industry Expected to Grow by 10.3% Annually Until 2019

The Bermuda insurance industry is projected to grow at a steady pace as a result of new regulations and consistent growth in external business, such as offshore and captive, according to a new report published by London-based business intelligence company …

FERMA Forum Opens with Solvency II Analysis from Karel Van Hulle

The bi-annual Risk Management Forum of the Federation of European Risk Management Associations (FERMA) kicked off with a reception on Sunday night for the 1400 plus delegates at the MECC Conference Center in the Dutch city of Maastricht. FERMA got …