Fca logo

Wholesale brokers in the clear following FCA probe

2019-02-20T07:46:00+00:00

The Financial Conduct Authority has found no evidence of “competition concerns” following its wide-ranging study into broker activities in the London wholesale market in a massive win for market brokers.

FCA London market

$6bn+ now written in London through broker facilities

2019-02-20T10:37:00+00:00

£4.8bn ($6.2bn) of gross written premium in the London market is now placed through facilities operated by brokers, according to a wide-ranging study by UK regulator the Financial Conduct Authority (FCA) published today.

Denis-Kessler-scor

Scor P&C swings to Eur83mn Q4 loss

2019-02-20T09:49:00+00:00

French reinsurer Scor fell into the red in its property and casualty business in the fourth quarter of 2018, reporting an operating loss of Eur83mn ($94.2mn).

Victor-Peignet

Scor’s Global P&C CEO Peignet retires as Conoscente takes the helm

2019-02-20T09:17:00+00:00

Scor’s chief executive officer of Global P&C Victor Peignet is to retire from the French reinsurance giant with Jean-Paul Conoscente taking up the role following his departure.

Lloyd's and Willis building

FCA probe findings evidence of broker value: Liiba’s Croft

2019-02-20T09:14:00+00:00

The findings of the newly-released final report into the FCA’s wholesale insurance broker review has provided insurance intermediaries with a “clean bill of health”, the CEO of the London and International Insurance Brokers’ Association has said.

FCA London market

$6bn+ now written in London through broker facilities

2019-02-20T10:37:00+00:00

£4.8bn ($6.2bn) of gross written premium in the London market is now placed through facilities operated by brokers, according to a wide-ranging study by UK regulator the Financial Conduct Authority (FCA) published today.

Denis-Kessler-scor

Scor P&C swings to Eur83mn Q4 loss

2019-02-20T09:49:00+00:00

French reinsurer Scor fell into the red in its property and casualty business in the fourth quarter of 2018, reporting an operating loss of Eur83mn ($94.2mn).

Victor-Peignet

Scor’s Global P&C CEO Peignet retires as Conoscente takes the helm

2019-02-20T09:17:00+00:00

Scor’s chief executive officer of Global P&C Victor Peignet is to retire from the French reinsurance giant with Jean-Paul Conoscente taking up the role following his departure.

Lloyd's and Willis building

FCA probe findings evidence of broker value: Liiba’s Croft

2019-02-20T09:14:00+00:00

The findings of the newly-released final report into the FCA’s wholesale insurance broker review has provided insurance intermediaries with a “clean bill of health”, the CEO of the London and International Insurance Brokers’ Association has said.



AM Best

ILS scepticism growing as 20% of third-party capital remains trapped: AM Best

ILS fund managers are for the first time struggling to attract new investors and retain existing ones. A new AM Best reinsurance report reveals 20 percent of the 2018 total third-party capital is trapped in the funds, which is making third-party investors sceptical about the market.

John Howard

Analysis: BB&T sees insurance growth opportunities with SunTrust deal

BB&T’s proposed merger of equals with SunTrust is being billed by the bank as a significant growth opportunity for its $1.96bn revenue retail and wholesale brokerage operations.

russellgrouproundtable_edited

Roundtable: ‘Seismic change’ needed in sector attitude to risk

Senior industry executives gathered at a roundtable earlier this month to discuss how the (re)insurance market can best respond to the growth of unknown exposure within portfolios, who’s role it is to spearhead new product development and the challenges and opportunities this task offers.

AM Best

ILS scepticism growing as 20% of third-party capital remains trapped: AM Best

ILS fund managers are for the first time struggling to attract new investors and retain existing ones. A new AM Best reinsurance report reveals 20 percent of the 2018 total third-party capital is trapped in the funds, which is making third-party investors sceptical about the market.

John Howard

Analysis: BB&T sees insurance growth opportunities with SunTrust deal

BB&T’s proposed merger of equals with SunTrust is being billed by the bank as a significant growth opportunity for its $1.96bn revenue retail and wholesale brokerage operations.

russellgrouproundtable_edited

Roundtable: ‘Seismic change’ needed in sector attitude to risk

Senior industry executives gathered at a roundtable earlier this month to discuss how the (re)insurance market can best respond to the growth of unknown exposure within portfolios, who’s role it is to spearhead new product development and the challenges and opportunities this task offers.



FCA dynamite

Comment: London brokers steel themselves for potential FCA bombshell

There may be some sleepless nights among senior London market broker executives tonight as they prepare themselves for the UK regulator to publish its long-awaited results into the wholesale broker market in a few hours’ time.

David Rowland

The man who saved Lloyd’s

In contrast to some of the more recent, excitable commentary about Lloyd’s gloomy future, today’s sad news is a reminder that a generation ago Lloyd’s really was facing an existential crisis.

Pool Re Mind the Gap

What lessons can we learn from Pool Re on closing the protection gap?

Earlier today, the UK government announced that Royal Assent* had been granted to the Counter-Terrorism and Border Security Bill 2018.

FCA dynamite

Comment: London brokers steel themselves for potential FCA bombshell

There may be some sleepless nights among senior London market broker executives tonight as they prepare themselves for the UK regulator to publish its long-awaited results into the wholesale broker market in a few hours’ time.

David Rowland

The man who saved Lloyd’s

In contrast to some of the more recent, excitable commentary about Lloyd’s gloomy future, today’s sad news is a reminder that a generation ago Lloyd’s really was facing an existential crisis.

Pool Re Mind the Gap

What lessons can we learn from Pool Re on closing the protection gap?

Earlier today, the UK government announced that Royal Assent* had been granted to the Counter-Terrorism and Border Security Bill 2018.