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One rule to bind them all
LIKE banks, insurers need a cushion of capital to ensure that they can meet customers’ claims in the event of unexpectedly big payouts or poor investment performance. As at banks, these cushions have...
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Fitch: Solvency II Metrics Have Limited Use in Insurer Ratings
(The following statement was released by the rating agency) Link to Fitch Ratings’ Report: Solvency II Metrics – Limited Use in Insurer Ratings here LONDON, January 11 (Fitch) Solvency II (S2) metrics...
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Prudential to make first move on new capital rules
Prudential will this week set a benchmark for rivals by becoming the first of the UK insurers to reveal its capital ratio under the new Solvency II rules that came into force at the start of the year....
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PRA chief must calculate cost of Solvency II
The chief executive of the Prudential Regulation Authority has been asked to find out what the cost of implementing Solvency II was to the industry. Andrew Bailey, who will take over as chief executive...
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Legal & General’s capital update outweighs profit rise
LONDON (Reuters) – Legal & General reported a capital position short of some forecasts on Tuesday, triggering a share price fall. L&G shares were 5.5 percent lower at 1012 GMT, despite the...
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Insurers keep stocks despite Solvency II cost, Silverfinch finds
Insurance companies remain invested in higher risk assets despite the cost pressure of Europe’s Solvency II Directive, which was expected to drive asset allocation into bonds, research has found. John...
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Eiopa rules out single internal model indicator
The top EU insurance regulator with the purview of internal models has played down concerns that supervisors will use alternative indicators to second-guess the level of Solvency II Howdy, Solvency 2...
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Solvency II rigors open P/C doors to specialty insurers
LONDON, (Reuters) — Hit by tougher regulation and lower investment income, European insurers are looking to sell portfolios of general insurance business closed to new customers, such as employers’...
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Deal or no deal? US divided on EU insurance agreement
On the face of it, the insurance covered agreement announced on January 13 should be everything Donald Trump detests. Signed in the final days of Barack Obama’s administration, when Trump had already...
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Bermuda: Changes to Bermuda Solvency Capital Requirement Postponed
In the light of concerns raised in industry feedback, the Bermuda Monetary Authority (BMA) has decided to postpone the introduction of various adjustments to the Bermuda Solvency Capital Requirement...
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