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BOE’s Carney warns on low rates driving capital into reinsurance

The Governor of the Bank of England Mark Carney has spoken out on capital inflows into reinsurance, saying that a 'soft cycle' in the financial markets (referring to interest rates) is driving capital into reinsurance and causing a soft cycle there. Carney speaking today at the Institute and Faculty of Actuaries read the full article →

BoE’s Mark Carney warns on re/insurer investment strategies

Governor of the Bank of England Mark Carney warned that insurers need to be accountable for their actions today and that the Bank of England is watchful of any risks from moves such as insurers or reinsurers adopting more aggressive investment strategies. In a piece written for the UK newspaper the read the full article →

New York oversight of insurance acquisitions could have broader reach

The New York Department of Financial Services has proposed stronger oversight and the need for increased transparency for certain acquisitions of life insurance (or reinsurance) businesses, particularly where the acquirer is an investor, such as a private equity firm. The issue lies in the need for acquirers to have a long-term read the full article →

ILS and cat bond issuers may escape commodity pool designation

Back in October we wrote about an issue that had arisen which could affect issuers of catastrophe bonds and insurance-linked securities due to changing regulation in U.S. financial markets. Under the Dodd-Frank Act the definition of a ‘commodity pool’ was being expanded to include any entity which operates to trade read the full article →

Montalvo: 2016 more realistic for Solvency II

Once again the goal posts move in Solvency II world. Just over a week ago we wrote that it was unlikely we'd see implentation of Solvency II before 2015. Now, comments from Carlos Montalvo, Executive Director of the European Insurance and Occupational Pensions Authority (EIOPA) at an event held during read the full article →

Are insurance linked securities issuers commodity pools under Dodd-Frank?

Once again the changing regulatory environment under Dodd-Frank brings some uncertainty to the insurance-linked securities (ILS) market. The latest stems from the Dodd-Frank Act's expansion of the definition of a 'commodity pool' which can now be read to include any entity which operates to trade in swaps. At the same read the full article →

Omnibus II vote delay confirms Solvency II implementation delay

A few weeks ago we wrote that the implementation of the Solvency II regulatory rules would be delayed after a new study was called for to look into and better understand the impact of Solvency II on insurers and reinsurers. At that time we had no idea whether the delay read the full article →

EU may delay Solvency II insurance capital rules to 2015

European Commissioner Michel Barnier, who is responsible for the implementation of the Solvency II regulatory rules, has proposed to halt the talks discussing the issue until a new study can be undertaken into the impact of Solvency II on insurers and reinsurers. The talks between European member states and the read the full article →

Pending regulation threatens increased cost and complexity for cat bond issuance

Earlier today we announced the publication of a Q3 2011 insurance-linked securities market report from Willis Capital Markets & Advisory, the mergers & acquisitions and capital market products division of global broker Willis Group. There were some interesting points in the report worthy of further discussion including some insight into read the full article →

Principles proposed for regulating insurance-linked securities in Canada

Almost exactly a year ago we wrote about a report from MSA Research Inc. and Baron Insurance Services Inc. which looked at the Canadian regulatory environment and asked how it could impact an insurance-linked securities market in Canada. Now, the latest MSA/Baron Outlook report has been published and an article read the full article →