Tag Archives: Insurance

PRA and FCA launch consultation to boost D&I in financial services

25 September 2023 The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have launched a consultation proposing measures to boost diversity and inclusion to support healthy work cultures, … Find out more…

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Lloyd’s market to grow by up to 13% in 2021: Neal

8th October 2020 Lloyd’s CEO John Neal has said he expects to sign off on business plans allowing the market to grow by between 12% and 13% in 2021 and … Find out more…

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Lloyd’s sets 35% female leadership target for market

30th July 2020 Lloyd’s has announced a target of 35% female representation in leadership positions as it seeks to fulfil its commitment to driving long-term culture change in the market. … Find out more…

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Lloyd’s will support price-driven growth after Covid-19

14th May 2020 Lloyd’s CEO John Neal has said repricing “has to happen” following the substantial industry losses from Covid-19, and pledged flexibility in permitting additional growth to the market … Find out more…

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House of Lords calls for revamp of IR35

27th April 2020 Inquiry found rules to be “riddled with problems, unfairness and unintended consequences… the potential impact on the wider labour market has been overlooked by the government. A … Find out more…

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Government confirms IR35 extension into private sector

27 February 2020 The government has confirmed it will proceed with the planned extension of off-payroll rules into the private sector from April. The confirmation came in a report from … Find out more…

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Hancock’s departure is a blow to Lloyd’s

January 2020 Make no mistake, the sudden news that performance management director Jon Hancock is leaving Lloyd’s will send ripples across the London market. He’s the man who stopped the … Find out more…

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Lloyd’s 2020 stamp capacity grows 6% to £33bn

December 2019 Anticipation of a harder market and the creation of an unrestricted light-touch cohort of syndicates has resulted in an increase in the aggregate Lloyd’s market stamp capacity of … Find out more…

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Insider Briefing – Lloyd’s Merger Watch

December 2019 The number of Lloyd’s underwriting entities is steadily falling.  The closure of a sequence of syndicates – most recently Acappella, Vibe and Pioneer – has been the most … Find out more…

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Lloyd’s: Syndicates must earn the right to grow

December 2019 Lloyd’s premium growth in 2020 will be heavily skewed towards better-performing syndicates as the Corporation seeks to incentivise the bottom quartile to improve performance and push the whole market towards … Find out more…

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No real progress’ made on 2020 expenses: Lloyd’s

December 2019 Lloyd’s market expense ratio is expected to see a 0.4 percentage point improvement to 38.5 percent for 2020 as a decline in acquisition costs is partially offset by … Find out more…

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Lloyd’s 2020 premium growth to exceed 5% expected rate rise

November 2019 Lloyd’s market planned premium growth for 2020 will be a few points higher than the market-average risk-adjusted rate increase of 5 percent, The Insurance Insider understands.   Sources … Find out more…

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Scale at Lloyd’s isn’t everything

November 2019 After the closure of three Lloyd’s syndicates since the start of the month – Vibe 5678, Pioneer 1980, and Acappella 2014 – there are plenty of reasons to … Find out more…

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Neal: ‘Rainmakers’ get no free pass on bad behaviour

November 2019 Market participants who refuse to amend inappropriate behaviour must be removed from their roles even if they bring in large profits, the Lloyd’s CEO has said. John Neal … Find out more…

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IASB delays IFRS 17 by one year

November 2018 The standard setter has deferred the effective date for International Financial Reporting Standard (IFRS) 17 – Insurance Contracts – to annual periods beginning on or after 1 January … Find out more…

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IFRS 17 to be more costly than Solvency II

May 2018 The overwhelming majority of UK insurers believe the incoming reporting standard IFRS 17 will be more costly than the Solvency II directive, new research has found. A survey of … Find out more…

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Lloyd’s market plunges to £2B loss on cat claims

March 2018  The Lloyd’s market made a £2bn ($2.8bn) pre-tax loss in 2017 as £4.5bn of major claims took their toll. The market made its first underwriting loss in six … Find out more…

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IUA calls for PRA slack for EU branches after Brexit

February 2018 The International Underwriting Association (IUA) is seeking regulatory leeway on a proposed threshold after which European carriers with consumer-facing operations would have to convert their UK branches to … Find out more…

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Lloyd’s gender pay gap stands at 27.7%

February 2018 Lloyd’s has estimated that male employees across the Corporation are paid 27.7 percent more on average than female staff. The Corporation published its gender pay gap figures today, … Find out more…

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Head of FP&A £150,000

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Business Intelligence Consultant £600-£700

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Syndicate Portfolio Analyst £100,000

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Firms buy insurance ‘in mad panic’ as cyber-attacks soar

January 2018  Image copyrightGETTY IMAGESImage captionMany firms are panicking as cyber-attacks and regulatory fines threaten profits With cyber-attacks increasing in frequency and severity, many companies are turning to insurance to … Find out more…

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Whopping 92% of insurers unprepared for IFRS 17

January 2018  The vast majority of insurance companies worldwide are not prepared for the incoming accounting standard IFRS 17, despite recognising the significant risks it poses to their business Data … Find out more…

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Munich Re CFO calls for delay to IFRS 17: report

December 2017  The CFO of Munich Re has become the latest senior (re)insurance executive to criticise the incoming IFRS 17 global insurance accounting standard. IFRS 17, which will be mandatory … Find out more…

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P&C sector slides to $20bn US underwriting loss

November 2017  The US property and casualty sector slumped in the first nine months of the year to deliver a $20bn underwriting loss after a trio of hurricanes pushed the … Find out more…

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Lloyd’s applies for Brexit hub licence

October 2017 Lloyd’s has filed an application with the Belgian regulator to form an insurance company that will allow it to continue to write European Economic Area business after Brexit … Find out more…

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Irma industry insured loss estimated at $25bn: KCC

September 2017 Hurricane Irma generated about $25bn in insured losses, including $18bn in the US and $7bn in the Caribbean, Karen Clark & Company estimated today. Included in the totals … Find out more…

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RI System Implementation Consultant £750

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Charles Taylor set to win delegated authority bid

August 2017  Charles Taylor InsureTech has emerged as the preferred partner in a project that will radically reshape the way cover holders pass data to London market carriers, The Insurance … Find out more…

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PRA reveals carrier worries on facilities

30th June 2017  The head of insurance supervision at UK regulator the Prudential Regulation Authority (PRA) has said the watchdog would probe deeper into the impact of facilities on carriers. … Find out more…

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General insurance: The wide-ranging implications of IFRS 17

13th June 2017  The new accounting standard for insurance contracts, IFRS 17, will have wide-ranging implications for (re)insurers, and many firms are preparing for significant changes to their business operations  … Find out more…

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EU watchdog warns against ‘letterbox entities’

6th June 2017 The EU securities and markets regulator has warned national watchdogs against companies hoping to set up thinly staffed “brass plaque” entities ahead of Brexit. In an advisory … Find out more…

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Hancock takes hard line on Lloyd’s market growth

5th June 2017 Lloyd’s performance management director Jon Hancock has said he expects the market to shrink for the next two years, as the Corporation takes a tough stance on … Find out more…

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AM Best shuns Solvency II model use in ratings

22 May 2017 AM Best has said it will not directly use Solvency II results in its rating assessments over concerns the regime does not provide an accurate picture of … Find out more…

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New IFRS model poses a major challenge, experts say

May 2017 Insurers implementing the International Accounting Standards Board (IASB)’s new IFRS 17 will find the process a major challenge due to the huge scale of the operation, according to … Find out more…

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Finance Systems Accountant

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FP&A Manager

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Technical Accountant – Branch Regulatory Reporting

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Senior Risk Analyst, Risk Management

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External Reporting Accountant

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Business Intelligence Analyst

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Finance Manager

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Syndicate Accountant

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Reporting Accountant

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Enterprise Business Intelligence Analyst

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Financial Planning and Analysis Manager – London

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Head of Group Financial Reporting

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Financial Controller

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Financial Controller

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UK Reporting Senior Accountant

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Finance Assistant

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Group Accountant

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Solvency II Accountant

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Group Reporting Accountant

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Group Planning and Project Accountant

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UK Management Accountant

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UK Accountant

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UK Regulatory Reporting Accountant

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Senior Solvency Risk Analyst

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Reporting Accountant

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Group Regulatory and Reporting Manager

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Chartered Accountant

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Financial Reporting and Analysis Accountant

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Risk Manager

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Senior Accountant

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Financial Controller – Managing Agency

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UK Controller

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Financial Reporting Manager

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Group Tax Manager

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Senior Financial Analyst (FP&A)

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Insurance Technical Accountant

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External Reporting Accountant

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UK insurers need more time for SII compliance: PRA

May 2015 Prudential Regulation Authority (PRA) CEO Andrew Bailey has said insurers in the UK require more time to comply fully with the new Solvency II capital rules, as the … Find out more…

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PRA warns of Solvency II work ahead

May 2015 The Prudential Regulation Authority (PRA) has warned that many UK insurance companies still have a “considerable amount of work” to do in preparation for the implementation of Solvency … Find out more…

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Group Financial Controller

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FP&A Manager

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Corporate Accountant

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Financial Controller – US Reporting

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Head of FP&A

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Financial Risk Analyst – Contract

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Corporate / Financial Accountant

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Syndicate Accountant

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Actuarial Reserving Accountant – c. £70,000 pa

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Central Cost Accountant – c. £65,000

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Peoplesoft Finance Analyst

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Regulatory Accountant

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Syndicate Accountant

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Senior Internal Auditor

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Business Analyst

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Project Accountant – Contract

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Financial Reporting Accountant – c. £80,000 pa

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Regulatory Accountant – c. £80,000 pa

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Head of Forecasting and Planning – c. £120,000 pa

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Financial Controller – Shared Service – c. £120,000 pa

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Senior Technical Accountant – c. £90,000 pa

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Head of FP&A – c. £100,000 pa

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Newly Qualified Accountant – c. £65,000 pa

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Group Accountant – c. £70,000 pa

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Reinsurance Financial Controller – c. £110,000 pa

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Group Accountant – c. £75,000 pa

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European Insurers Undergo New Solvency II Stress Test

7 May 2014 The European Insurance and Occupational Pensions Authority (Eiopa) has announced a new EU-wide stress test for the insurance sector aimed at assessing its overall resilience. The test … Find out more…

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Financial Controller – c. £90,000 pa

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Syndicate Financial Controller – c. £95,000

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Syndicate Accountant – c. £80,000

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UK regulator unveils tight Solvency II criteria

28 April 2014 The UK’s Prudential Regulation Authority (PRA) has unveiled strict criteria governing the way that general insurers will be required to calculate their technical provisions and internal models … Find out more…

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Regulatory Accountant – c. £90,000

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Almost 80% on course for Solvency II deadline: EY

16 April 2014 Nearly 80 percent of European insurers expect to meet Solvency II requirements by the implementation deadline of 1 January 2016, according to a survey conducted by EY. … Find out more…

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Senior Syndicate Regulatory Accountant – c. £75,000

This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants. Extremely Profitable, Large and growing Insurance company … Find out more…

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Solvency II approval shifts focus

17 March 2014 The European Parliament has approved a key part of the European Union’s Solvency II capital regime for (re)insurers, keeping the new rules on track to come into … Find out more…

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Draft Solvency II plans could harm insurers

12 March 2014 Sergio Balbinot, the president of industry lobby group Insurance Europe, has warned that draft measures aimed at implementing the European Union’s Solvency II capital regime will have … Find out more…

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Senior Syndicate Regulatory Accountant – upto £500 per day

This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants. Extremely Profitable, Large and growing Insurance company … Find out more…

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Management Accountant (FTC) £90,000

This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants. Accountabilities – To be part of a … Find out more…

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Insurance Technical Accountant – c. £80,000

This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants. Hugely successful Lloyd’s of London insurance company … Find out more…

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Senior Accountant – c. £80,000

This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants. Successful and growing Insurance Company requires a … Find out more…

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Head of Forecasting and Planning – c. £120,000

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Head of Forecasting and Planning

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Group Accountant

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Treasury Manager

This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants. Excellent prospects await the right candidate with … Find out more…

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Expense Reporting Manager

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Accountant – Insurance

This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants. Successful Insurance business requires an Expense Manager. … Find out more…

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Treasury Manager

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Syndicate Accountant

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Accountant – Insurance

This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants. London Market Insurer requires qualified Accountant experienced … Find out more…

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Two years to get Solvency II right, says Bernardino

20 November 2013 Europe’s insurance and pensions regulator has stressed that the next two years will be ‘crucial’ for the success of Solvency II. In a speech today in Frankfurt, … Find out more…

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Europe reaches agreement on Solvency II rules

14 November 2013 European politicians have struck a provisional deal that could introduce new rules to the Solvency II framework. Last night’s agreement on the Omnibus II directive, the legislation … Find out more…

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EC formally extends Solvency II deadline ….

EC formally extends Solvency II deadline ‘one last time’ to 2016 2 October 2013 The European Commission (EC) has published a formal blueprint for a 1 January 2016 coming-into-force date … Find out more…

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Senior Insurance Audit Manager

This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants. My client is one of the biggest … Find out more…

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Finance Systems Accountant

This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants. The Finance Systems Accountant will: Maintain, with … Find out more…

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Accountant – Insurance

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Solvency II vote delayed to 2014

6 September 2013 The European Parliament has delayed the plenary sitting on Solvency II changes from October this year to 3 February 2014. In a widely anticipated move, the Parliament … Find out more…

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Reinsurance Reporting Manager

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Interim Financial Planning Manager – 6 months

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Financial Accountant

This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants. Exciting opportunity with Major insurance company for … Find out more…

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Financial Accountant

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Senior Accountant

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International Head of Data & MI

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Regulatory Reporting / Systems Accountant

 This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants. Our client, a very profitable London market … Find out more…

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Head of Audit – London Market Insurer

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Financial Controller

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Assistant Syndicate Accountant

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Senior Accountant

 This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants. Major Insurer requires Qualified accountant to support … Find out more…

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Regulatory Reporting / Systems Accountant

  Principal Duties and Responsibilities  Regulatory Reporting Development of SII Regulatory Reporting Systems Development of new systems to comply with IFRS regime and any new regulatory requirements Responsible for completion/submission … Find out more…

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Key Solvency II vote pushed back until October

Key Solvency II vote pushed back until October 21 February 2013   A key vote which is needed for the new rules governing Europe’s insurance industry, Solvency II, to be … Find out more…

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Eiopa releases first outline of ‘Solvency 1.5′

Eiopa releases first outline of ‘Solvency 1.5′ 20th December 2012 The European Insurance and Occupational Pensions Authority (Eiopa) has released its first legal opinion on “Solvency 1.5″, which briefly outlines … Find out more…

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Catastrophe losses will reach $65bn this year, says…

Catastrophe losses will reach $65bn this year, says Swiss Re 19 December 2012 Insured losses from natural catastrophes and man-made disasters are expected to reach approximately $65bn this year – … Find out more…

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Senior Insurance Internal Auditor

This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants. Job Description A top London Market insurer … Find out more…

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UK Finance Business Partner

This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants. Develop business partner relations with Insurance Underwriting … Find out more…

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Senior Syndicate Accountant

 This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants. Supervise the syndicate accounting team to ensure … Find out more…

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Senior Insurance Internal Auditor

Multinational insurer with a renowned audit department is seeking to replace a technical accounting audit specialist, the audit team have a great reputation for internal progression through audit or to … Find out more…

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Senior Internal Auditor

  This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants. UK’s leading Life & Pensions Company … Find out more…

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Senior Audit Manager

  This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants. Currently working with a top ten … Find out more…

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Head of Group Reporting – Life Insurance

  This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants.   The Head of Group Reporting … Find out more…

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BU Engagement Manager – Life Insurance

  This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants.   The BU Engagement Manager is responsible for … Find out more…

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