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News
UK Sets Out Rules to Create Captive Insurance Regime
1+ mon, 4+ week ago (177+ words) The UK has proposed rules to help encourage a potential new insurance market worth billions of pounds as part of a drive to boost competitiveness. The Bank of England and the Financial Conduct Authority laid out plans for a captive…...
Regulators clear way to rewrite annuity illustration rules
1+ mon, 4+ week ago (567+ words) A National Association of Insurance Commissioners' committee voted Monday to reopen the annuity disclosure model to give regulators a chance to tamp down illustrations. Regulators with the Life Insurance and Annuities Illustrations Working Group say that some sales illustrations project…...
Resolution Life strikes UK pension risk transfer deal
2+ mon, 4+ day ago (150+ words) Bermudian-based Resolution Life has entered into a new UK pension risk transfer with a leading British insurer. This transaction, Resolution’s fourth in two months following three recent deals in Asia, builds on the strong momentum established this year. Rushabh Ranavat,…...
Cornerstone Insurance shareholders approve business split, name change to Cornerstone Holdings Plc
2+ mon, 1+ week ago (370+ words) Shareholders of Cornerstone Insurance Plc have approved a restructuring scheme that will separate the company’s life and non-life insurance operations and transform the firm into a non-operating holding company to be known as Cornerstone Holdings Plc. The approval was granted…...
Specialty Life Inc. agrees to licensing conditions and administrative penalties
3+ mon, 1+ day ago (94+ words) The Globe and Mail Specialty Life Inc. agrees to licensing conditions and administrative penalties TORONTO, June 11, 2026 /CNW/ - The Financial Services Regulatory Authority of Ontario ("FSRA"), Specialty Life Inc. ("SLI") and Insurance Supermarket Inc. ("ISI") have agreed to conditions on their…...
Pacific Life Re welcomes JFSA’s proposed guideline amendments
3+ mon, 2+ week ago (154+ words) 26th May 2026 - Author: Kassandra Jimenez-Sanchez - Pacific Life Re, the reinsurance arm of Pacific Life, has welcomed the Japan Financial Services Agency’s (JFSA) proposed guideline amendments to the Comprehensive Guidelines for Supervision of Insurance Companies as they promote the sound development of…...
NAIC annuity guidance updates divide insurance and advisory groups
3+ mon, 4+ week ago (647+ words) Insurance and financial planning groups are clashing over whether and how regulators should expand guidance tied to the National Association of Insurance Commissioners' best-interest annuity sales rule. In a pair of comment letters, industry trade groups defended the current framework…...
How Canada's commercial liability market is shifting
4+ mon, 1+ week ago (490+ words) Canada’s commercial liability market has shifted decisively in favour of buyers in 2026, according to Aon’s Spring 2026 Canadian Insurance Market Update. “After several years of constrained capacity and firm pricing, insurers are now competing actively for quality accounts, particularly in primary…...
BoE cracks down on insurers’ offshore pension transfers
4+ mon, 1+ week ago (72+ words) Insurance Nerds BoE cracks down on insurers’ offshore pension transfers BoE Adjusts Capital Rules for Insurers' Offshore Pension Transfers The Bank of England (BoE) is set to change the capital rules regarding "funded reinsurance" in response to concerns that the…...
Foresters Financial revamps Accelerated Underwriting program, increasing limits to $2 million and expanding eligibility
4+ mon, 2+ week ago (308+ words) Apr 28, 2026, 10:00 ET Underwriting has traditionally been one of the slowest, most rigid parts of the life insurance process. Foresters is changing that, with an enhanced AUW program that allows even more applicants to go fluidless, eliminating unnecessary steps and speeding…...