Thursday, 4 August 2011

FTSE half-years - Solvency II whispers

Not much from the first few half-year results, other than St. James's Place suggesting that 2014 was increasingly likely for Solvency II and that they are looking at a small surplus on the basis of QIS5.

The interesting aspect from those with no particular comment (L&G and Aviva) is that their IGD surpluses are well up, as well as being relatively cautious on the spending front (cost savings and cash generation leading the story, rather than acquisitions or huge new business growth.

More to publish over the next week or so

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