Reinsurance News
Chartered Insurance Institute
Chaucer’s Nicola Stacey elected President of CII
20th November 2024
Nicola Stacey, Chief Underwriting Officer at Chaucer, has been elected President of the Chartered Insurance Institute (CII). The CII is the leading professional membership organisation for the insurance sector, representing over 120,000 members in the UK and internationally. Stacey, who is currently the Deputy President of the CII, will succeed Ian Callaghan ... Read the full article
CII welcomes three new Board members
24th July 2024
The Chartered Insurance Institute, a professional body dedicated to building public trust in the insurance and financial planning profession, has announced the addition of three new members to its Group Board. Known as Engagement Board Members, each of them will have the responsibility to provide a membership perspective in discussions and ... Read the full article
David Kirk appointed Division President of Chubb Global Markets
7th June 2024
Chubb, a global property and casualty insurance company, has announced the appointment of David Kirk as Division President of Chubb Global Markets, which encompasses the company's London Market wholesale and specialty business, including its Lloyd's operations. Kirk currently serves as Head of Marine & Deputy Chief Underwriting Officer for the division. ... Read the full article
CII elects Swiss Re’s Higginbotham as new President
5th October 2022
Industry body the Chartered Insurance Institute (CII) has announced that Russell Higginbotham, CEO of Swiss Re Solutions, has been elected as its President for 2023. In the coming months, Higginbotham, who began his career in 1986 with a UK life insurer, will work closely with current CII President and CEO of ... Read the full article
CII names Aston Lark CEO Blanc as President
1st July 2021
Industry body the Chartered Insurance Institute (CII) has announced the appointment of Aston Lark CEO Peter Blanc as President for 2022. Blanc also currently serves as non-executive chairman of Hastings Insurance Services Ltd, the broker arm of Hastings Direct, and up until recently served as chairman of the Large Brokers’ Advisory ... Read the full article
Findings from FCA’s Covid-19 resilience survey “concerning” says the CII
11th January 2021
Keith Richards, Chief Membership Officer of the Chartered Insurance Institute (CII), has expressed concern over some of the findings from the Financial Conduct Authority's (FCA) coronavirus financial resilience survey. In an effort to understand the real-time effect the ongoing pandemic is having on the finances of companies in the UK, the ... Read the full article
Government can’t continue as “insurer of last resort”: CII
26th November 2020
A survey conducted by the Chartered Insurance Institute has found that 54% of its members do not feel it is economically sustainable for the government to “step in as an insurer of last resort.” The survey included 476 CII members and was conducted in October. “Ultimately, no government can save every business,” said ... Read the full article
FCA business interruption case weakened insurer trust: CII poll
14th October 2020
The results of a new poll by the Chartered Insurance Institute (CII) show that two-thirds of insurance professionals feel that the FCA’s recent business interruption (BI) case has reduced trust in the sector. Last month, the UK High Court gave its landmark verdict on the case brought forward by the ... Read the full article
CII adds Aon UK CEO Julie Page as president
9th October 2020
Industry body the Chartered Insurance Institute (CII) has appointed Aon UK Chief Executive Officer Julie Page as president. Page brings over 20 years’ experience within the insurance industry and was appointed CEO of Aon UK in 2018. She directly leads Aon’s Commercial Risk, Health and Affinity businesses. Page was previously a non-executive board ... Read the full article
CII underlines three measures to help avoid future FCA test cases
15th September 2020
The Chartered Insurance Institute has urged insurance professionals and government to act now to reduce the need for legal proceedings like the FCA’s business interruption test case in future. The re/insurance industry is anxiously awaiting a verdict from the UK courts later today about whether insurers will ultimately be liable for ... Read the full article
Chartered Insurance Institute extends president, chair term amid COVID-19
16th April 2020
The Chartered Insurance Institute (CII) has decided to extend the term of the current serving President and Chair of the Board amid disruption caused by the coronavirus pandemic. Nick Turner, Sales and Agency Director at NFU mutual, was appointed as President in 2019. The CII usually appoints a new president and chair ... Read the full article
Re/insurers cannot be the mechanism for a COVID-19 bailout: CII
20th March 2020
Matt Connell, Director of Policy and Engagement for the Chartered Insurance Institute (CII) , has stressed that it is unsustainable to expect insurance and reinsurance companies to be the “mechanism for a Covid-19 bail out.” Responding to expectations recently set out by the Financial Conduct Authority (FCA), Connell acknowledged that where ... Read the full article
Chartered Insurance Institute challenges UK data reforms
9th January 2020
Industry body the Chartered Insurance Institute has warned that the data reforms recently proposed by UK regulators may not be capable of preventing future consumer detriment. The reforms put forward by the Financial Conduct Authority (FCA) and the Bank of England aim to facilitate a more data-driven approach to regulation. Utilising tools ... Read the full article
Bank of England publishes climate stress test proposals for financial services
18th December 2019
The Bank of England (BoE) has outlined proposals for the 2021 Biennial Exploratory Scenario (BES) exercise, designed to test the resilience of banks, insurers and the financial system to both the physical and transition risks from climate change. The BES looks to expand on the current efforts being made by banks ... Read the full article
The CII names Newman as Chair of the Professional Standards Committee
18th December 2019
The Chartered Insurance Institute (CII) has appointed Clyde & Co's Jennette Newman as Chair of the Professional Standards Committee, replacing David Hertzell, who stepped down as Chair in November after six years in the role. Newman is a Partner in the insurance division at law firm Clyde & Co and also ... Read the full article
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