-
State Senator Jeff Brandes withdrew his amendment to an insurance omnibus bill but said he would bring the concept back before the legislature. -
Axa XL’s UK and Lloyd’s CEO said speed of decision-making was key to UK market growth.
-
The House of Lords Industry and Regulators Committee will explore whether regulatory policy is well-designed and proportionate for (re)insurers.
-
The regulator is also reviewing Solvency II post-Brexit.
-
The ratings agency said that long-tail classes could be hit by reserve deficiencies.
-
The Government aims to ensure that the UK’s ILS taxation regime remains competitive.
-
The Markel Catco Reinsurance Fund and Markel Catco Reinsurance Opportunities Fund have already had provisional liquidators appointed for restructuring purposes.
-
HM Treasury is proposing to cut the tax burden on ILS transactions.
-
The status will allow the Stephen Catlin-led business to write US reinsurance without posting reinsurance collateral.
-
The watchdog had been due to announce a decision on a further inquiry by 29 November.
-
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.
-
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.
