Insurance
Firms aim to convince Basel on merits of op risk insurance
Lack of recognition in new SMA capital charge could cause market to shrink, worry insurers
Risk managers wary of op risk securitisation
Sfr270 million transaction by Credit Suisse and Zurich thought unlikely to be copied due to SMA
Matching adjustment repack structures revealed
Public company filings show details of Aviva’s single senior note structure, L&G’s £6 billion forex repack
The three lines of defence: a health warning
Effective risk management is more important than what your organisational chart looks like
Insurance capital standard can be forged on time – Cadoni
Chair of IAIS working group asserts ICS will not be mere capital backstop
Cat bonds can help combat the systemic risks of CCPs
Bonds could pre-fund CCP default funds and higher margins during market stress, authors argue
Negative rates force decline in yen life products
Japan’s life firms are increasingly focused on foreign-currency products
PRA invites post-Brexit transitional recalculations
UK regulator invites firms to recalculate smoothing effect to ease the pain of higher risk margin
Best operational risk initiative: Oric’s Scenario universe and Principles of operational risk management and measurement
The consortium wins with a definitive set of op risk scenarios that insurers can use to identify which one is relevant
Insurer of the year: MassMutual
US life insurer makes strides in op risk with corporate culture and IT
FSB endorsement missing from new G-Sii methodology
Financial Stability Board has not given seal of approval to designation method, French regulator voted against it
Brexit leaves insurers playing regulation waiting game
Local regime likely to be tougher than Solvency II, although risk margin might change
The fault lines in Europe's Solvency II compromise
Row over calculation of discount rates exposes political differences
Insurers eye secondary annuities as perfect matching asset
Some UK firms see nascent market as source of ideal hedging tool
Global capital rules for insurers must allow internal models – ABI
European firms should be free to use in-house models for insurance capital standard, even if US firms cannot
UFR change would ‘threaten’ Solvency II political compromise
German policy-makers talk tough in opposition to lowering of discount rate
Nordea cutting alternatives after shift to unit-linked products
Heightened lapse risk ends 20-year "romance" with hedge funds, says Nordea Life & Pensions CIO
Regulators see 'long journey' to getting Orsas right
Insurers still treating own-risk assessment too much like a compliance exercise, Nordic supervisors say
Balz slams IAIS for rule-making 'behind closed doors'
Failure to engage with European Parliament will delay and undermine international insurance regulation, says MEP
Institutional structurer of the year: Societe Generale Corporate & Investment Banking
French bank helps captive insurers solve financing headaches
Leverage ratio blamed for big swap unwind charges
Buy-siders complain of 'ridiculous' costs to exit trades
Lower UFR would be dangerously pro-cyclical – Bafin
Solvency II rate cut would crowd insurers into long-dated assets, says insurance chief
PRA frets about Solvency II internal model ‘drift’
Bank-style leverage ratio for insurers one option being discussed
IAIS under pressure to learn from FSOC mistakes
G-Siis see MetLife opinion as strengthening their case against aspects of international regulation