Hints and tips:
...The government is consulting on post-Brexit changes to the EU’s Solvency II capital rules, which influence how insurers invest their money....
...And at the Grade II-listed Middleport Pottery, Burleigh celebrates its 170th anniversary this year....
...Oliver Ralph reports that Legal & General does not see an insurance solution that will pay for the “cost of end of life care crisis”, which is undoubtedly correct if taken in isolation (“Insurance is not...
...John Kingman, a former civil servant at the Treasury, became chairman of L&G last year. But not everyone is happy about insurers’ increased influence....
...In Europe, the Solvency II capital rules make it difficult for insurers to keep hold of longevity risk, so they pass it on to reinsurance companies....
...Barrie Cornes, analyst at Panmure Gordon, said: “The prospect of rising interest rates is good news for the life sector and we believe that L&G is probably the best placed among the UK life insurers to benefit...
...Solvency II capital rules are particularly penal for the annuity business, which is a core part of L&G’s growth plans....
...UBS had forecast that the growth rate would slow to 6 per cent a year between 2016 and 2019, writes Oliver Ralph. Much of the uncertainty is caused by the new Solvency II capital rules....
...Letter in response to this report: Papal strictures and the ancient scriptures / From Ralph Rau...
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