The EU should not go down the ‘twin peaks’ model of financial regulation being introduced in the UK, Europe’s top insurance regulator has warned.

European Insurance and Occupational Pensions Authority (Eiopa) executive director Carlos Montalvo told yesterday’s ABI conference that the EU needed a regulator focused on insurance issues. He said: “The amount of time dedicated to insurance problems by our political masters is 2-4% of the time dedicated to banking.”

And responding to comments last week by EU internal markets commissioner Michel Barnier that the Solvency II directive might be given a ‘soft launch’, he insisted that Solvency II would implemented on schedule on 1 January 2013.

“Omnibus II will put in place a lot of transitionals but it will not result in a delay," he said

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.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

Topics