Reinsurance

Aviva, Prudential and Society of Lloyd’s are among a group of UK large insurers to have secured approval from the Prudential Regulation Authority (PRA) to use internal or partial internal models under the Solvency II directive.

The Bank of England (BoE) has announced that tomorrow (5 December) it will publish a list of insurers whose internal or partial internal models have been approved for Solvency II.

Bermuda has been granted full equivalence by the European Commission (EC) to comply with the Solvency II directive.

With reinsurers increasingly turning to non-traditional sources of growth, Alexander Hanks asks whether they can find their El Dorado in emerging markets

Flood Re has said it is on track to build its £2.1bn reinsurance protection programme after its first tender was oversubscribed.

John Butler suggests how big cities can use insurance-linked securities to protect against weather risks

Insurers and reinsurers could potentially capitalise on seven emerging risks over the next five to 10 years, according to a report.

The value of the non-life European run-off insurance market has been estimated at €247bn (£181.6bn), €5bn (£3.7bn) more than in 2014.

Swiss Re has agreed to acquire UK-based Guardian Financial Services for £1.6bn.

Brewing firm Heineken has offloaded £2.4bn worth of risk associated with a defined benefit (DB) pension scheme in a longevity hedge with Friends Life.