FCA’s AI Sandbox Cohort 2 Picks 21 Firms From 199 Applications
FCA's AI Sandbox cohort 2 admits 21 firms from 199 applicants, with fraud, governance and compliance use cases leading the selected list.
Region
Europe
UK P&I Club and TT Club Win 89% Backing for Thomas Miller Takeover
Thomas Miller takeover wins 89% shareholder backing from UK P&I Club and TT Club, ahead of their own marine mutual merger set for February…
Anthony Jones (UK) Limited Agrees to Stop All FCA-Regulated Activity
Anthony Jones (UK) Limited has stopped all regulated activity, putting the FCA's Register, FSCS rules and Ombudsman safeguards to a live test.
EIOPA Risk Margin Overhaul Introduces Lambda Factor Before January 2027
EIOPA risk margin lambda factor cuts margins on long-dated liabilities from 30 January 2027, diverging sharply from the UK's blunter approach.
EIOPA Data: EEA Insurers Hold €1.185trn in Private Assets, 11% of Total
EEA insurers’ private assets hit €1.185trn (11% of assets) at end-2025, per EIOPA — private equity now outweighs private credit as the bigger exposure.
PRA Fines HDI Global SE £4.165m Over Three Years of FSCS Data Errors
PRA fine HDI Global: HDI Global SE paid £4.165m for three years of inaccurate FSCS data submissions, a rare third-country branch reporting penalty.
UK Captive Regime Consultation Promises 4-6 Week Authorisations by Mid-2027
UK captive insurance regime consultations from the FCA and PRA promise 4-6 week authorisations by mid-2027, undercutting Marsh's own setup benchmark.
FCA’s CP26/22 Redraws Insurance Rules on UK Residency and PII Limits
FCA's CP26/22 redraws UK insurance rules by customer residency and moves broker PII limits from euros to sterling, with no exemption for Gibraltar or…
EIOPA and ESAs Back ESRB Warning on Frontier-AI Systemic Cyber Risk
EIOPA and ESAs back ESRB's frontier AI systemic cyber risk warning, pressing European insurers on cyber underwriting and DORA operational resilience.
FCA Mills Review Warns AI Insurance Pricing Risks Opaque Value
FCA Mills Review warns AI-driven personalisation risks opaque insurance pricing, eroding fair value under the FCA's Consumer Duty price tests.