The perfect storm is brewing for the UK’s general insurers. Premium rates remain low, investment returns are on the floor and the regulator is starting to ask tough questions about the strategy of maintaining profitability by dipping into reserves.

This week, the International Association of Insurance Supervisors (IAIS) issued a Public Consultation Document on its Risk-based Global Insurance Capital Standard (ICS).

A week. Just a week and so much that we thought was predictable at the beginning of last week turned out to be wrong by the end of the week.

This week, the London Market Group (LMG) hit the headlines. Monday saw the Placing Platform (PPL) go live, and within an hour, the first standalone terrorism risk was bound.

Everything is going to carry on as normal while the UK negotiates its new relationship with the European Union.

This week, what particularly caught our eye was an excellent report written by Shirley Beglinger headed The Quiet Insurer:Mobility of The "Other" Financial Service.