SCOR CEO Takes 30% Bonus Cut; 2019 Dividend Scrapped on COVID-19 Crisis May 26, 2020 By L.S. Howard French reinsurer SCOR announced that its Chairman & CEO Denis Kessler will receive 30% less in his annual variable compensation...
National Governments Must Help Provide Insurance for Future Lockdowns: EU Regulator May 11, 2020 By Huw Jones National governments must help provide insurance cover for future lockdowns, the industry’s European Union regulator said on Monday, as the...
Growing Number of UK Insurers Cancel Dividends Amid COVID-19 Concerns April 8, 2020 By Sinead Cruise and Muvija M British insurers canceled more than 1 billion pounds ($1.2 billion) of dividends on Wednesday, in moves welcomed by the Bank...
European Watchdog Urges Re/insurers to Suspend Dividends During Pandemic April 7, 2020 The European regulator has urged re/insurers to temporarily suspect dividend distributions and share buybacks aimed at remunerating shareholders, given the...
EU Insurers Must Preserve Capital Positions as Coronavirus Crisis Escalates: Watchdog March 18, 2020 Insurance companies should take measures to preserve their capital position and be prudent about dividend and bonus payments as the...
EU Regulator Says Insurers Pass Stress Tests December 17, 2018 By Tom Sims Europe’s biggest insurers successfully withstood the latest tests of their ability to cope with severe market shocks, the European Union’s...
EU Wants Insurers to Plug Investment Gap, but Bank Partners Needed: Regulator November 17, 2017 By Huw Jones and Carolyn Cohn Efforts to get insurers to plug Europe’s investment gap by backing riskier assets could be undermined if banks are unwilling...
EU Insurers Have Raised Their Exposure to Riskier Investments: EU Regulator November 17, 2017 Insurance companies, in their search for yield, have increased their exposure to bonds with lower credit ratings and to less...
EU Regulator Warns UK Insurers to Avoid ‘Fronting’ in Post-Brexit EU HQs September 28, 2017 By Huw Jones and Carolyn Cohn London-based insurers applying for licenses to operate in the European Union after Brexit will be scrutinized for any attempts to...
EU Aims to Hike Old-Age Protection with Proposal for Pan-Europe Pension Product June 29, 2017 By Francesco Guarascio The European Commission proposed on Thursday establishing a new pan-European pension product to increase private savings for old age and...