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FOCUS: The Fort McMurray wildfires in Alberta, Canada are already on course to be the most costly natural disaster in Canada's history - but their long-term impact on the reinsurance industry might not be as severe as first feared. 25 May 2016
The launch of an industry-backed scheme to ensure that homeowners in areas at risk of flooding can continue to obtain affordable home insurance does not absolve the UK government of responsibility for shoring up the country's flood defences, an expert has... 07 Apr 2016
The EU's Solvency II Directive came into force on 1 January 2016. The directive consolidates and harmonises existing EU insurance directives including life and non-life directives, the reinsurance directive and various others.
This guide is based on UK law. It was last updated on 1st April 2008.
Part VII of the 2000 Financial Services and Markets Act (FSMA) sets out the statutory mechanism allowing insurers and reinsurers to transfer portfolios of insurance business from one entity to another, subject to court approval.
FOCUS: Since the longstanding agreement between the British Bankers Association (BBA) and Association of British Insurers (ABI) on noting of interest came to an end at the end of 2012, banks have been looking for alternative ways to protect their interest... 01 Mar 2016
Regulators will be monitoring insurers' applications to alter the amount of capital they must hold under the new regulatory regime to ensure that they are not "gaming" the process in order to reduce the requirements, one of the UK's top regulators has said.... 19 Feb 2016
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