In the last week:  

  • Tony Brooke-Taylor spoke on managing risk in the evolving economy. He looked at securitisation of insurance risk and the dangers that some may not have appreciated some fundamental principles of the insurance market. He also spoke on falling standards of underwriting and how easy it is to increase the liquidity risk in a general insurer. Finally, he emphasised that improved stress and scenario testing is just as important for insurers as for other market participants; and  
  • Hector Sants spoke to the NAPF conference on the role of investors in the financial crisis. He discussed the engagement FSA wants to have with senior managers and asked investors as “owners” to focus on the same priorities.