James Schiro critical of ABI opposition to new capital rules
Zurich chief executive James Schiro has criticised European insurance bodies, such as the UK’s Association of British Insurers (ABI), for campaigning against the Solvency II rules, the FT reports.
“I don’t believe that the pushback?.?.?.?is good for the industry or the consumer. It does not send the right signal”, he said.
Insurers should not fight higher capital requirements when banks were being forced to raise theirs, he said.
The FT suggested Zurich had survived the financial crisis better than rivals due to its cautious investment strategy.
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.
