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… is the absence of shareholders, allowing its members to benefit from any financial surplus.  Solvency II (the new regulatory regime with which all insurers within the EU will have to comply by 1st…

… Finance Director of ITIM, the managers of ITIC. He is responsible for Club Accounting, including Solvency II and regulatory matters. Tom Irving - Account Executive - Tom is responsible for underwriting and…

… to US$111.8m at 31st May 2014. This is a significant increase but, as I mentioned last year, Solvency II, the new regulatory regime with which all insurers within the EU will have to comply by 1st…

… 2014 to US$127.7m as at 31st May 2015. This is a significant increase but, as I mentioned last year, Solvency II, the new regulatory regime with which all insurers within the EU will have to comply by 1st…

… is a modest increase but a very important buffer as the regulatory regime that governs ITIC, called Solvency II, has increased the future capital requirements for all UK and EU based insurers. The board will…

… anticipated but it is a very important buffer as the regulatory regime that governs ITIC, called Solvency II, will likely require increased future capital requirements for all UK and EU based…

… the level of ITIC’s free reserves and, since these were significantly above what was required for ITIC’s solvency requirement, decided to substantially increase the levels of the continuity credit.  For one…

… reviewed the level of ITIC’s free reserves and as these remain above the amount required for ITIC’s solvency requirement, the board decided to pay the second highest levels of continuity credit.   For…