Swiss Re prepares life models for Solvency II

Swiss Re has enhanced its life insurance modelling platform with the addition of Towers Watson’s RiskAgility™ software, as part of its longer-term governance agenda and the Solvency II internal model approval process. More…

E.U. under pressure to delay insurer capital rules

LONDON (Reuters)—The European Union may be forced to push back the January 2014 start date for its Solvency II capital regime for insurers after talks to agree on a final draft of the strict new rules collapsed, Europe’s top insurance sector lobby… More…

Solvency II could hike U.K. insurers’ capital requirements for cat risks: Willis Re

U.K.-based insurers may see their capital requirements for catastrophe exposures increase up to 97% once Solvency II is enacted, according to a new report issued by Willis Re, the reinsurance arm of London-based Willis Group Holdings P.L.C. More…

Towers Watson proposes new direction for EU Pensions Directive overhaul

Towers Watson has written to the European Commission suggesting how the Commission could design a system of pension funding rules that more closely resembles the Solvency II regime used for insurers but which does not significantly increase funding and compliance costs for employers with defined benefit liabilities. More…

Bermuda captives will not be affected by Solvency II: BMA director

SOUTHAMPTON, Bermuda—Captive insurance companies domiciled in Bermuda will not be affected by its Solvency II equivalence status, said Shelby Weldon, director of insurance licensing and authorizations for the Bermuda Monetary Authority. More…