insurance News
Insurers, Banks to Get Brexit Update From Bank of England
The Bank of England said it would update banks and insurers next week on its approach to Brexit given that Britain and the European Union have now adopted a transition deal. "The Bank of England ...
China’s New Insurance/Banking Head Known for ‘Regulatory Firestorm’
Chinese financial heavyweight Guo Shuqing has been appointed head of the country's newly merged regulator for the banking and insurance sectors, Financial News, the official newspaper of the central ...
Lloyd’s CEO Beale Urges Brexit Fix for European Insurance Contracts
Lloyd's of London Chief Executive Officer Inga Beale said insurance contracts across Europe will remain at risk unless there's an agreement on how they should be treated in post-Brexit Europe. ...
Insurers, Banks Full Speed Ahead on Brexit Moves Despite Transition Deal
London-based banks and other financial firms won't put their Brexit moves on hold despite a transition deal between Britain and the European Union as it lacks full legal certainty, industry officials ...
Lawmakers Recommend Longer Brexit Process If Delays Would Help
Britain should consider a limited extension to its exit process from the European Union if needed to ensure details of its future relationship with the bloc are agreed, a committee of lawmakers said ...
Many Financial Firms Remain Unprepared for Brexit, Irish Regulator Warns
Irish Central Bank Deputy Governor Ed Sibley warned that many financial firms remain unprepared for Britain's exit from the European Union as the two sides remain at odds on their future ...
A Brexit Deal May Not Happen Until 2019
U.K. officials don't expect to clinch a Brexit deal until two months before exit day, increasing the chances of chaos for executives and lawmakers. European Union chief negotiator Michel Barnier has ...
U.S. P/C Insurers Stand to Gain From New Tax Law: Moody’s
The impact of the new U.S. tax law is credit positive for U.S.-based insurance companies and will boost profitability for many of these firms, particularly those that have been paying high effective ...