Insurance Risk/News
Aegon UK strengthens its risk management capability
UK arm of insurer appoints two directors to join its risk team
Green light for new European insurance and pension supervisor
Deal reached on replacement for Ceiops
NAIC opts for macroeconomic based approach for CMBS
US insurance regulators turn their focus to CMBS
Nordic insurers’ interest rate mismatch significant but improving
Better ALM practice behind Nordic insurer's reduced exposure to interest rate mismatches
Basis risk no barrier to longevity securitisation say experts
Academics and JP Morgan team show how to mitigate exposure from differences between population mortality rates
Danish pension funds hit out at cross-subsidy regulation
PKA and Sampension say cross-subsidy regulation threatens Danish pension system
Aegon rescue aid contingent on VA hedging programme
EC makes variable annuity hedging a factor in Aegon bailout approval decision
Lack of credit for dynamic hedging in QIS 5 driven by ideology, not economics
Old Mutual questions the lack of capital credit for dynamic hedging in QIS 5
LLMA on course to publish first longevity index by end of 2010
LLMA will add a fillip to longevity derisking market with standardised indices
PPF offers potential £80 billion boost to longevity market
UK’s PPF is open to longevity derisking – at the right price
Brazil opts for IAIS approach to risk-based regulation
Brazil declines to take a Solvency II approach to insurance regulation choosing IAIS mode
European insurers would need regulatory action to survive Greek default
Fitch Ratings stress test concludes that eight european insurers would require "further analysis" after sovereign risk fallout
EC approves Aegon bailout without forcing coupon deferrment
Absence of measures forcing payments to Dutch state at expense of subordinated debt holders means Fitch upgrades firm's hybrid capital
Solvency II poses bigger danger to economic stability than bank refinancing
Refinancing risk dwarfed by Solvency II’s impact on insurer appetite for corporate debt
IASB includes liquidity premium in new insurance accounting proposals
Exposure draft brings convergence with Solvency II but stops short of full market consistency
Solvency II “not as comprehensive as US regulation” says New York insurance chief
Lack of Federal oversight should not be obstacle to equivalence, says key state regulator
M&G slams Cebs stress tests
Fund manager criticises sovereign risk assumptions and raises Basel III fears
US insurers and pension funds seek to hedge deflation
Extra inflation hedging demand driving split between derivatives and cash market pricing
Legal & General creates CRO role
UK insurer promotes group financial controller to oversee risk management
Morgan Stanley and UBS boost LLMA membership to 10
Life & Longevity Markets Association gains momentum