Solvency II for property-casualty insurers (I)

This report is a follow-up to our articles on the reducing effect of reinsurance on the solvency capital requirement. More…

CEIOPS Preliminary Findings on Supervisory Powers

CEIOPS has submitted to the European Commission the second part of its interim work on EU supervisory powers and objectives “Preliminary Findings on Supervisory Powers”. The conclusions of these findings were as follows: In relation to powers, CEIOPS verified that … More…

CEA calls for constructive EU discussions on Solvency II

Following today’s agreement by the EU Council of Economic and Finance Ministers to a general approach on a text of the draft Solvency II Framework Directive that excludes the group support regime, the CEA, the European insurance and reinsurance federation, … More…

Run Off: the perfect storm

The consensus is the ‘perfect storm’ is brewing for run off, with the credit crunch, cat losses, possible market consolidation and the looming implantation of Solvency II on the horizon. In recent years, there has been very little activity in … More…

NAIC leaders “expressed serious reservations and concerns” about the directive

In a letter sent to Christine Lagarde, the French minister for Economic Affairs, Finance and Employment who presides over the Council of the European Union’s Economic and Financial Affairs Council, The National Association of Insurance Commissioners (NAIC), a US based association, … More…