Addleshaw Goddard

UK 200 2013 position: 23

InSure — April 2014: regulatory developments

PRA publishes supervisory statements for insurers
The PRA has published several supervisory statements concerning insurers, namely:

  • (SS3/14) on its approach to schemes of arrangement proposed by insurers under Part 26 of the Companies Act 2006
  • (SS4/14) providing additional clarification of its expectations of general insurers in relation to prudential provisions within the PRA handbook
  • (SS5/14) on the calculation of technical provisions and the use of internal models for general insurers under the Solvency II Directive (2009/138/EC)
  • (SS2/14) on the recognition of deferred tax under the Solvency II Directive regime

PRA, April 2014

FCA thematic review on household and travel insurance claims handling
The Financial Conduct Authority (FCA) has published the initial findings of its thematic review on household and travel insurance claims handling. The thematic review was designed to assess the extent to which insurers put consumer claims at the heart of their businesses. Martin Wheatley, the chief executive of the FCA, launched the review in a speech to the British Insurance Brokers’ Association conference in May last year…

Click on the link below to read the rest of the Addleshaw Goddard briefing. 

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Analysis from The Lawyer

  • pannone.jpg

    Another Mancunian merger for Slater & Gordon?

    Could Slater & Gordon achieve its stated aim of becoming a top consumer brand by acquiring Pannone?

  • Addleshaws

    Number crunching: Addleshaw Goddard

    The past five years have not been easy for Addleshaw Goddard. The firm’s revenue fell 7 per cent from £173.1m to £161.9m between 2008/09 and 2010/11 and despite finances looking up in 2011/12, when Addleshaws reported a 30 per cent increase in net profit, it has shown no notable compound growth in turnover since 2007/08.

View more analysis from The Lawyer


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