Insurance Journal

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Britain’s Vote to Leave EU Hikes Concerns over UK Insurers’ Capital Strength

Market falls triggered by Britain’s vote to leave the European Union will hit British insurers’ capital, raising concerns over their ability to pay dividends or hand cash back to investors. New European capital Solvency II rules introduced in January require insurers...

Dutch Insurer Delta Lloyd Still Faces Solvency II Uncertainties; Rights Issue Planned

Dutch insurer Delta Lloyd is still discussing aspects of Europe’s new solvency regime with regulators as it prepares a 1 billion euro ($1.1 billion) rights issue to shore up its position. Delta Lloyd’s shares, which dipped 1.5 percent to 5.36 euros on Monday, lost two-thirds of their...

Best Reports Bermuda Inching Toward Solvency II Equivalence

A.M. Best has issued a briefing report, which notes that “Bermuda moved one step closer to achieving Solvency II equivalence on November 26, 2015 when a delegated act regarding the equivalence of the supervisory regime for insurance and reinsurance undertakings in force in Bermuda was sent to the EU Parliament and Council for a three-month scrutiny period.”..