December 2009/1

The Insurance Insider's monthly column keeping check on legislative and regulatory developments.

AIG rallies after slashing federal debt; Microinsurance hits Copenhagen spotlight; Partner takes Paris; Munich Re in Ergo buy-out; AM Best warns Kingsway

$25bn Lloyd's US guardian comes to London; Lloyd's considers strategic growth plan; Ward calls on London to rally for Lloyd's Exchange; Talbot lifts Swiss Re construction crew

Randall & Quilter (R&Q) has received regulatory approval from the Financial Services Authority for its acquisition of RK Carvill's broking portfolio.

Navigant Consulting's (re)insurance service line is set to be discontinued in the coming months - offering further evidence of the challenges the economic downturn has set service providers.

Creditors' meetings are set to be called for the English and American Underwriting (EAUA) Pools in London at the end of April 2010.

An UK High Court ruling is expected in early 2010 for the latest stage of US run-off insurers Seaton Insurance Co and Stonewall Insurance Co's legal battle with Randall & Quilter (R&Q).

The Scottish Court of Appeal hearing on the dismissal of the proposed Scottish Lion solvent scheme of arrangement ended on 4 December, which is now expected in the new year.

Axa Liabilities Managers (ALM) has clinched the tender for German federal state-owned run-off group BF Rückversicherung - a sale first revealed in April.

There should be no more sequels to the long running and bitterly acrimonious battle between American International Group (AIG) and its former chairman and CEO Maurice "Hank" Greenberg, after the parties finally buried the hatchet.

A September ruling by a US federal judge could prove central to a 20 November lawsuit brought by five Ohio pension funds against the "big three" rating agencies.

The former executives of Stanford Financial Group (SFG) have again locked horns with their directors' and officers' (D&O) insurers in a US district court, seeking mirror-image declarations over defence costs.