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Captives regime for employee benefits replicating global rules for UK – Grid
UK regulators are looking to replicate measures typically in place around the world in their approach to captive insurance for employee benefits, according to trade body Grid. The body was also reasonably...
Read moreFCA predicts between 40 and 150 employers will use UK captives regime
As few as 40 organisations out of a possible maximum of 850 will use the new UK captive regime, according to estimates from the Financial Conduct Authority (FCA) and Prudential Regulation Authority...
Read moreLane appointed Zurich Life chief underwriter as Bray retires – exclusive
Sabrina Lane is to succeed Nicky Bray as chief underwriter for Zurich Life upon her retirement this autumn. Bray (pictured), chief underwriter for the past 13 years, joined Zurich as senior underwriting...
Read moreLV= pays £152m in claims and highlights misrepresentation conversation
LV= paid out almost £152m and approved 95% of claims in 2025 – up from £137m and on par with the 95% figures in 2024. The approval rate for life insurance claims...
Read moreProtection providers should publish time taken to pay claims – Timpson
The general insurance sector can learn from their protection peers’ example with progress made on claims disclosure. But protection providers should go even further by publishing the average time taken to pay...
Read moreProtection cover slashed as household budgets feel the squeeze – MetLife
More consumers are concerned about protecting their mortgage than 12 months ago but rising household costs are forcing many to cancel their protection policies or reduce their level of cover, research from...
Read moreEmployee benefits limited to reinsurance only in captives regime
Employee benefits such as group life and health insurance schemes will only be permitted on a reinsurance basis under the UK’s new captive insurance regime with another primary insurer being required. Meanwhile,...
Read moreFCA and PRA propose excluding captives from Consumer Duty
The Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) have proposed that captives be excluded from Consumer Duty requirements. The proposal features in the bodies’ consultation on a tailored and...
Read moreBupa promotes Paice to Health Services COO
Bupa has promoted Jo Paice to the newly created role of chief operating officer (COO) of Bupa Health Services. The provider told Health & Protection Paice’s appointment will support the joining up...
Read moreSpire chairman quits as board waits for takeover offer
The Spire Healthcare takeover saga took another turn today when the chairman quit the private hospital and clinic operator to join Anglian Water. Sir Ian Cheshire will step down by the end...
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