Politics
North Korea, Brexit and trade protectionism top 2018 political risks list
The North Korea missile crisis, Brexit negotiations, and trade protectionism are among the top political risks threatening multinational businesses in 2018, according to Marsh.
The ABI's James Dalton on Carillion and the canary in the coal mine
The collapse of the construction giant Carillion serves as a warning sign that businesses need adequate insurance coverage, says James Dalton, director for general insurance policy at the Association of British Insurers.
Government urged to publish Brexit financial services paper
The government must publish its Brexit position paper on financial services in order to assuage the “chronic state of uncertainty” at present, the chair of the Treasury Committee has warned.
Brexit and PPL top of the agenda for Liiba
The London and International Insurance Brokers’ Association is to focus on getting brokers signed up to electronic trading platform Placing Platform Limited over 2018.
BGL’s Stuart Walters on exempting underwriting from GDPR consent requirements
The insurance industry needs to push for amendments to the Data Protection Bill, argues Stuart Walters, chief information officer at BGL Group.
Justice Select Committee needs to prove its mettle over personal injury reforms
As the Justice Select Committee prepares to hear oral evidence about the government's personal injury proposals, Carpenters director Donna Scully bemoans the unrepresentative makeup of those giving evidence at a time when those in power need to be held…
Branch or subsidiary? How UK and EU insurers can passport after Brexit
The loss of passporting will be a major challenge for insurers after the UK leaves the European Union. Steven McEwan, partner at Hogan Lovells, looks at some of the options available.
Russia: Rosgosstrakh debacle sees increased government involvement in insurance
Government involvement in the Russian insurance sector is increasing as the country's largest private bank was placed under administration after acquiring failing insurer Rosgosstrakh.
Post Power List 2018
2018 is likely to be a year dominated by data regulation, more Brexit negotiations and further Ogden reform and, as such, the key influencers reflect this
Post Power List 2018: David Lidington
Lord Chancellor and Secretary of State for Justice and Member of Parliament for Aylesbury
Analysis: The new Brexit landscape
Insurers look for alternative bases
Navigators secures market access through Belgian acquisitions
Navigators has purchased two Belgium-based businesses in a €35m deal which it hopes will allow continued access to the European market after Brexit.
Blog: A new year resolution for the government: implement discount rate reforms without delay?
While the government is still considering reforms to the Odgen discount rate James Dalton, director for general insurance policy at the Association of British Insurers, believes insurers must keep the pressure on.
Apil's Brett Dixon on flying solo in court
As the industry awaits news of the Civil Liability Bill, Brett Dixon, president of the Association of Personal Injury Lawyers, argues the courts are not the place for injured people flying solo.
Insurers call for tougher rules as government launches home building plan
Insurers have called for tough new building regulations as the government plans to create thousands of new homes a year.
Industry reacts to proposals on discount rate
The insurance industry has reacted to the Justice Committee’s proposals on discount rate reform.
Industry welcomes ILS legislation approval
The insurance sector has welcomed the decision taken yesterday by the Delegated Legislation Committee in Parliament to allow proposed insurance-linked securities regulations to pass.
LMG outlines post-Brexit free trade agreement
The London Market Group has outlined a free trade agreement for the insurance sector to help the industry navigate trade issues during Brexit negotiations.
PRA outlines supervisory framework for ILS
The Prudential Regulation Authority has published final rules setting out how it will authorise and supervise insurance special purpose vehicles, which will be used to issue insurance linked securities in the UK.
Blog: Reacting to turmoil
Michael Lynch, head of partnerships for Minster Law, believes insurers can bring certainty to those they help.
International: Trade credit demand is up
European political instability and financial regulations are pushing demand for trade credit cover, especially from banks that are keen on optimising their capital.
Lloyds Bank's Bill Cooper on the attraction of illiquid investments
The protracted low interest rates and poor profitability could make illiquid assets increasingly attractive for insurance investors according to Bill Cooper, managing director and global head of insurance at Lloyds Bank Commercial Banking.
This Week in Post: Red suns and robots
A Blade Runner mist engulfed London on Monday as storm Ophelia blew Saharan sand into the capital. Struck by the eerie atmosphere, City workers tweeted pictures of the yellow sky, which an Irish commentator promised to look at “as soon as our houses land…
Insurance industry 'one of main influences' of UK cyber resilience, minister says
The insurance industry is at the forefront of helping to increase cyber resilience among businesses in the UK, the minister for digital, Matthew Hancock has said.