All articles by Ronan Mccaughey
Ronan Mccaughey
Solvency II and third-country equivalence: the mist is clearing
Those who follow these things will be familiar with the concept of Solvency II third-country equivalence. The basic premise is this: insurers and reinsurers ((re)insurers) domiciled in the European Economic Area (EEA) must comply with the whole of Solvency II from 1 January 2016, unless they can rely on an exemption or transitional provision. Chris Finney, a partner at law firm Cooley (UK) LLP, explains
Getting to grips with Solvency II
With the European Unions Solvency II directive set to be implemented on 1 January 2016, research by Life Insurance International (LII) finds there still appears to be a degree of uncertainty about the precise requirements and standards regulators are expecting firms to adhere to.
Fitch raises concern over Aetnas proposed $37bn Humana acquisition
Fitch Ratings has placed US health insurer Aetna on rating watch negative following Aetna’s agreement to acquire US-headquartered health insurer Humana in a cash and stock transaction valued at $37bn.
EIOPA releases second set of draft Solvency II standards
The European Insurance and Occupational Pensions Authority (EIOPA) has published the second set of draft implementing technical standards (ITS) and guidelines for Solvency II.
Cigna launches UK over-50s life plan for affinity partners customers
Cigna Insurance Services (Cigna), a UK provider of specialist insurance and affinity marketing services, has launched its first stand-alone life insurance product, the Cigna Over 50s Life Plan.
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Abraaj Group divests stake in Kenyan insurer UAP
Private equity investor, the Abraaj Group, has completed the full exit of its investment in Pan-African insurer UAP Holdings by selling its 13.6% stake to insurance group Old Mutual.
Future Generali India Life Insurance launches Assured Education Plan
Future Generali India Life Insurance (FGILI) has rolled out a new non-linked and non-participating, guaranteed insurance policy known as the Assured Education Plan.
Majesco research indicates UK insurance market fails on customer expectations
Research from insurance software provider Majesco indicates that the UK insurance market is failing to deliver on customer expectations.
BNP Paribas Cardif appoints Vincent Sussfeld as CEO for Asia
BNP Paribas Cardif, the insurance arm of BNP Paribas for protection and savings businesses, has appointed Vincent Sussfeld as CEO for the Asian region, with immediate effect.
Time for new business models
Paul Hately, global head of Swiss Re Protection Partners, explains what life insurers expect from reinsurers as well as arguing the case for parallel business models