Pricewaterhouse Coopers (PWC)
Motor insurers set to share application data in suspected frauds – Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories including how motor insurers plan to share suspected application fraud data as criminals try multiple applications to get cars on the Motor Insurance Database as cheaply as…
PwC research points to dip in M&A activity
Financial services M&A activity underwent a “significant slowdown” in the third quarter of the year but is expected to pick up in the early part of 2012, according to research carried out by PwC.
ULR Additions shuffles jobs as accounts remain unfiled
Legal expenses provider ULR Additions has failed to file its accounts at Companies House, almost four months after Post revealed that two long-standing senior figures had departed the firm.
Moore joins Towergate as NED
Philip Moore, LV group finance director, has joined Towergate Insurance as a non-executive director and chair of the audit committee.
Insurers hopeful on Autumn Statement
Insurers are more optimistic about future tax policy in the UK compared to a year ago; a PwC poll has revealed.
Climate Wise reports zero improvement
Climate Wise member firms' compliance with the climate change group’s principles has stagnated at 88% after three years of improvements from a starting score of 65%.
Insurers cannot underestimate work needed to comply with Solvency II
PwC has commented on today's launch by EIOPA of a public consultation on its revised proposals for reporting under Solvency II.
ABI to collate members' views on Solvency II consultation
The Association of British Insurers has begun the task of compiling the views of its members following the European Insurance and Occupational Pensions Authority’s decision to launch a Solvency II consultation.
FSA packaged accounts rules to create simpler sales process
PwC has welcomed the Financial Services Authority’s proposed new rules to increase consumer protection in the packaged account market.
Market moves - 20 October 2011
This week the main movers and shakers were loss adjusters, with Davies, Woodgate & Clark and Advanta all making major appointments.
In series: Lloyd's & London Market: Staying number one
Tightening regulation and a less advantageous tax regime are making it tough for Lloyd’s to retain its pre-eminence, but is protectionism the greater threat?
PwC names chair of actuarial services network
Richard Batty is to chair PwC’s actuarial services network.
PwC names chair of actuarial services network
Richard Batty is to chair PwC’s actuarial services network. In his new role, Batty will work with Bryan Joseph, PwC’s global actuarial leader, to develop the company's global actuarial consulting practice.
Editor's comment: No news is bad news
Is it just me or are others growing tired of ‘news’ on the seemingly omnipresent – and supposedly incoming – Solvency II regime that adds nothing to the uncertainty over implementation deadlines?
News analysis: Insurers urged to negotiate with FSA as Solvency II confusion continues
The FSA has announced a delay to Solvency II but getting clarity remains a priority for government and insurers.
In series - Lloyd's & London market: Power to the people
With employees rightly recognised as crucial to company success, Lloyd’s and London market players are gearing up their efforts to attract and retain top talent.
Arab Spring: A little bit of politics
The recent uprisings in the Middle East and North Africa have underlined the narrowness of terrorism policies — but have insureds woken up to the more comprehensive benefits of political violence cover?
New Zealand faces mass withdrawal as earthquake claims stack up
Insurers and reinsurers could stop providing earthquake cover in New Zealand altogether, forcing its government to handle claims.
FSA Solvency delay “an opportunity”
Insurance consultants have put a brave face on the FSA’s announcement that it expects to delay Solvency II by a year to 1 January 2014.
PwC: Economy may scupper ABI diversity plans
PricewaterhouseCoopers has backed an Association of British Insurers report calling for increased boardroom diversity but warned that the economy may “put pressure” on implementation.
PwC launch new scheme for Highland UK reinsurance creditors
Pricewaterhouse Cooper today announced that Highlands UK’s scheme of arrangement which dealt with the direct insurance business of the company, has, following its successful implementation, been formally terminated.
Run-off restructuring expected, says PWC
Nearly two out of three run-off reinsurers and insurers believe Solvency II will force them to tackle underperforming lines of business, a PWC survey has found.
Insurers paid and collected £10.4bn in tax
Insurers paid £10.4bn to the UK Exchequer last year – more than before the recession - figures from the Association of British Insurers and PWC have revealed.
PwC warns of riot cover exceptions
PricewaterhouseCoopers bosses have urged customers to check the small print of their policies amid concerns that the impact of recent rioting may not be included in insurance contracts.