Articles by Louie Woodall
US industry at odds over future of XXX captives
Competing solutions to A/XXX reserving proposed as Moody’s warns use of special-purpose vehicles ‘credit negative’
UK insurers ‘in limbo’ as HMRC reviews tax break for perpetual debt
Consultation undermines level playing field between banks and insurers on capital issuance
US insurers overhaul lapse risk assumptions
Switch to predictive models to provide better understanding of risk
Cat bond ‘lite’ structures raise contamination risk and insolvency fears
Investors and lawyers voice concerns about using segregated accounts structure to issue streamlined cat bond instruments
Q&A: NAIC's CEO and president on group supervision, systemic risk and captives
The standard-setters
Global insurer systemic risk proposals stoke controversy
Saving the system
Insurers oppose Eiopa power grab
A new European supervisor would be ‘unpleasant’ for the insurance industry
Cat bond sponsors tempt investors with diversified perils and geographies
Innovative structures seek to break dominance of US wind peril over ILS market
Prudential Financial’s Sifi appeal casts doubt on US G-Sii powers
Disconnection between domestic and international Sifi processes means regulators could lack legal power to enforce G-Sii measures in some cases
Solvency II extrapolation proposals feed volality debate
The European Insurance and Occupational Pensions Authority’s report on the long-term guarantees assessment has reignited the debate on the methodology for determining the risk-fee term structure. The authority’s proposals for a long extrapolation period…
Supervisors to assess whether new powers needed to impose capital charge on G-Siis
US state regulators warn of ‘two-tier’ system developing
New EU state aid guidance may force insurers to adjust capital structure
Lawyers split on whether subordinated debt will be made convertible by law
G-Sii proposals signal acceleration of plans for global capital standard
But concerns about disjointed global accounting standards
'Opaque and arbitrary' systemic risk methodology frustrates insurers
Designated insurers could come off G-Sii list when revised in 2014
Insurers protect against Solvency II disqualification with transforming instruments
Aviva and Uniqa hybrids feature capital disqualification triggers
Insurers face tighter infrastructure spreads as banks ramp up allocations
Competition squeezing returns on short-tenor instruments
Prudential Financial Sifi appeal ‘futile’
US insurers face re-designation if initial determination overturned
Reinsurers question separation of systemic risk designations
Regulators will publish separate lists for systemically important insurers and reinsurers a year apart
German insurers turn to CPPI and volatility control to back new guaranteed policies
Ergo dynamic hybrid product leads new wave
NAIC warns against Federal Insurance Office 'mission creep'
FIO must not become an insurance regulator, says NAIC chief
Regulators clash over global capital standard for insurers
Harmonised quantitative requirements no 'silver bullet', says US state regulator
Long-term guarantee measures must be flexible - Balz
Solvency II calibrations need to account for different national contexts