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Cat bonds an attractive asset for EU insurers in a Solvency II world

Investing in catastrophe bonds is viewed as an attractive investment by some primary insurance companies, with the implementation of Solvency II meaning the assets can have certain capital benefits, depending on an insurers profile.For a primary insurance firm which does not carry too much catastrophe risk on its balance-sheet, an read the full article →

Solvency II to increase reinsurance demand, benefit equivalent domiciles: Fitch

Solvency II will benefit the reinsurance market through an increase in demand, which is already being seen in longevity risk transfer and also benefit the domiciles or markets which have sought Solvency II equivalence, particularly in commoditised reinsurance lines, according to Fitch Ratings.Solvency II equivalence has taken a significant effort read the full article →

Solvency II reinsurance regulatory arbitrage. Good for ILS?

According to Fitch Ratings there may be a reinsurance regulatory arbitrage available that could benefit U.S. reinsurers, as cedants in Europe look to offload more of their risks, due to higher capital requirements under Solvency II, while reinsurers outside of the S2 framework could have an advantage.Fitch's report specifically discusses read the full article →

Longevity risk transfer market to remain busy due to Solvency II

The longevity risk transfer market, of longevity swap transactions and other reinsurance arrangements that hedge or transfer longevity risk, is particularly busy right now because of impending Solvency II regulation and the resulting capital requirements.With the Solvency II regulatory regime for insurers and reinsurers set to begin on the 1st read the full article →

European Commission finds Bermuda fully equivalent for Solvency II

The insurance and reinsurance industry has applauded the decision by the European Commission to find Bermuda and the Bermuda Monetary Authority (BMA) to be fully equivalent under the Solvency II regulatory regime.Bermuda and Switzerland, both considered key hubs for insurance and reinsurance, as well as for the insurance-linked securities (ILS) read the full article →

Solvency II likely to be “major development” for ILS market: EIOPA

The introduction of the impending Solvency II insurance and reinsurance regulatory environment is likely to be a "major development" for the insurance-linked securities (ILS) market, according to a representative of EIOPA.Petr Jakubik, who leads the Financial Stability Team at the EU insurance and reinsurance industry watchdog, the European Insurance and read the full article →

First Solvency II compliant catastrophe bond SPRV established in Ireland

The completion of French reinsurer SCOR's latest catastrophe bond deal, Atlas Reinsurance VII Limited, last week was it turns out a first for the market, according to financial law firm Walkers Ireland. Walkers Ireland acted as Irish legal and tax counsel, as well as listing agent for the transaction and 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 →

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 →