European insurers look to be winning their battle to retain the current structure of regulatory authorities in Europe in the face of pressure to merge the banking and insurance regulators.
News & Commentary
It was a significant week for InsurTech. Aviva is to acquire a majority stake in low cost "robo" investment service Wealthify, and Slice Labs announced a further $11.6m investment for its US on-demand insurance platform
There was a noticeable change of mood among the insurance companies who packed the first Insurance Investment Exchange seminar of the autumn on 19th September.
Are insurers falling out of love with yield? That is the question posed by the audience voting results from the recent Insurance Investment Exchange seminar.
This week, Lloyd's posted reduced pre-tax profits for the first half (£1.22bn compared with £1.46bn) which does not include estimates for Hurricanes Harvey and Irma (present Lloyd's loss estimate of £3.4bn).
This week, prior to the UK Prime Minister's Brexit speech in Florence on Friday, Aon, RSA, and Zurich were amongst 100 companies lobbying for up to a 3 year Brexit transitional period.