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The House of Lords Industry and Regulators Committee will explore whether regulatory policy is well-designed and proportionate for (re)insurers.
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The regulator is also reviewing Solvency II post-Brexit.
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The ratings agency said that long-tail classes could be hit by reserve deficiencies.
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The Government aims to ensure that the UK’s ILS taxation regime remains competitive.
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The Markel Catco Reinsurance Fund and Markel Catco Reinsurance Opportunities Fund have already had provisional liquidators appointed for restructuring purposes.
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HM Treasury is proposing to cut the tax burden on ILS transactions.
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The status will allow the Stephen Catlin-led business to write US reinsurance without posting reinsurance collateral.
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The watchdog had been due to announce a decision on a further inquiry by 29 November.
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This week’s news that the UK plans to introduce a statutory requirement for regulators to consider growth and competition targets will be taken by local ILS market observers as a modest win.
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The UK government, launching a consultation on the post-Brexit regulatory framework for financial services, has said it supports granting the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) statutory objectives to focus on growth and competitiveness.
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Financial authorities must ‘massively expand’ risk-sharing pools.
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The UK government’s policy paper provides for use of secondary legislation to make changes.