February 2007/3

Hannover Re is poised to enter into a landmark financial transaction that will lay off credit risk on its reinsurance recoverables to the capital markets, a move first revealed by The Insurance Insider in January last year.

FSA follows Bermuda in raising fees; Lancashire reassures after Florida actions; Three-year electronic target for London market; Novae sees reduced deterioration on legacy exposures...

EU insurance enquiry also raises key action ; A not-so-interim report?; Reinsurer terms and classification under scrutiny; Long-term contracts anti-competitive?

US property catastrophe - a changing climate; State Farm legal developments; Florida action on reinsurance collateral requirements; National catastrophe programme considered

The Kroes' investigation could have a significant impact on the broker model as buyers are encouraged to contribute...

The Commission also expressed concern about the prevalence of so-called "best terms" clauses in reinsurance contracts which, it said, could restrict competition and breach...

German reinsurer R+V Versicherung was awarded over £14mn in its long-running dispute with the former Lloyd’s-based managing agency Risk.

Three Lloyd’s syndicates have underwritten over 50 percent of a controversial EUR45mn North Korean reinsurance claim, according to legal documents obtained by The Insurance Insider.

Aon Corp unveiled a significant restructuring of its senior international management last month which saw Steve McGill, the former JLT Group chief executive, become the head of a newly created Aon Global division.

Analyst withdraws coverage after accusations of short-selling conspiracy

Former Heath boss replaces Bucknall at Willis; Marsh receives China first ; Guy Carpenter appoints Frankland as UK head

Numis Securities lowered its earnings forecast on the UK-headquartered broker Jardine Lloyd Thompson Group plc (JLT) earlier this month and reiterated its sell recommendation on the company's stock.