August 2010/4

The spate of recent high profile UK holiday firm collapses looks set to trigger significant insured losses for AmTrust's UK insurance arm, The Insurance Insider can reveal.

European insurance giant Axa has decided to sell Bluefin Insurance Group, the broking business that it spent more than £300mn building in 2007/08, The Insurance Insider has learnt.

Lloyd's has put a "red alert" on six of the managing agents that underwrite in the market because of major concerns about their ability to implement Solvency II.