“What planet are these guys on?” says Ward
Lloyd’s chief executive Richard Ward has criticised European regulators for publishing yet another set of guidelines for implementing Solvency II rules.
A new consultation from the European Insurance and Occupational Pensions Authority (Eiopa) would mean insurers reporting twice in one year.
Ward said: “What planet are these guys on?” adding: “They’re going through this bureaucratic, legal process.”
Ward said that complying with Solvency II rules had already cost Lloyd’s around £300m, according to the Financial Times.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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