All regulation articles – Page 2
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NewsWTW appoints Conway to head Ecosystem Resilience practice
She was Lead Climate Finance Negotiator for the US delegation to the UN Framework Convention on Climate Change
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NewsLloyd’s receives approval for second PCC
The second London Bridge PCC (LB2) will offer a number of extensions in the coverages it can write
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NewsFLOIR's warning as Demotech moves to downgrade 17 carriers
Florida Office of Insurance Regulation slams the move; says rating agency is exerting ’coercive influence’
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NewsUK: Johnson’s exit creates 'policy vacuum'
A more pragmatic approach to the Northern Ireland protocol would lower the risk of a trade war with the EU
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NewsSompo joins Net Zero Insurance Alliance
Insurance giant is the first Japanese firm to join three net zero alliances under the umbrella of the Glasgow Financial Alliance for Net Zero
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NewsPressure builds ahead of mid-year renewals
Most monoline Gulf carriers were not able to complete their catastrophe reinsurance treaties, including Citizens
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NewsFCA hits JLT Specialty with £7.8m bribery fine
Insufficient controls meant that ‘money flowed into the pockets of corrupt officials’, says regulator’s director
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NewsChedid Re receives license to operate in Cairo
Egypt is a “strategic bridge” between Chedid’s African operations and its Middle East presence
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NewsLloyd’s targeted by Mary Poppins-themed flash mob
Protestors called on Lloyd’s to take concrete climate action and protect the next generation
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NewsDon’t over-promise on net zero, warns Greenberg
Re/insurers could face ‘greenwashing’ lawsuits if they fail to deliver on climate transition pledges, warns Chubb boss
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NewsMunich Re kicks off Costa Rica carbon removal project
TreeTrust is planting trees across more than ten million square metres of former grassland in northern Costa Rica
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NewsClimate change to become a ‘persistent drag’ on profitability
Re/insurers are likely to be able to bear the costs of the transition to net zero - Bank of England
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NewsUK BoE climate stress test is toughest yet
The results could see capital ratios fall close to, or even below, regulatory minimums, warns Fitch
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NewsAM Best lowers Argo Re’s BCAR score
Material adverse reserve development in 2021 raises new concerns
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NewsInsurers’ biggest threats are crime, regulation and technology – PWC
Crime, regulation and technology are the three biggest concerns for insurers worldwide, according to new research by professional services firm PricewaterhouseCoopers (PWC).
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NewsInsurtech UK inks deal with Gibraltar Finance to strengthen members’ regulatory access
Trade association Insurtech UK has signed a statement of intent with Gibraltar Finance to ensure that all 115 of its members can have improved access to the Gibraltarian regulatory market.
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NewsGibraltar: Light touch regulator or rock steady market of the future?
The Gibraltarian insurance market has long been viewed as a territory with light touch regulation and less strict solvency requirements compared to markets such as the UK and continental Europe.
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NewsRegulatory scrutiny, lawsuits over SPAC transactions fuel D&O insurance sticker shock
Companies going public through a merger with a special purpose acquisition company, or SPAC, are facing skyrocketing premiums for directors and officers’ liability coverage due to the higher risk of litigation and increased regulatory scrutiny.
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NewsBriefing: We are all now worried about the FCA
Brokers are losing faith in the FCA amid rising fees and levies against a backdrop of carrier failures
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NewsOUTLOOK 2021: Regulatory challenges abound for U.S. insurers as Biden takes over, pandemic rages
Insurers will also have to prepare for a year of heightened scrutiny on market conduct and consumer protection from states this year.
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