January 2011/3

The London Market Group (LMG) has proposed phasing out slip cases by 2017 in a consultation document on the long-term future of Lime Street.

Lloyd's sector star Amlin saw its shares fall 8.5 percent on the London Stock Exchange last week as investors reacted badly to the firm doubling its New Zealand loss estimate.

Revised loss forecasts from reinsurers Amlin and Argo have taken the growth in reported reinsurance losses from the New Zealand earthquake past the $300mn mark.

Two London market brokers have been subject to Section 166 investigations by UK regulator the Financial Services Authority (FSA) in the last year.

After 10 months at the helm, Omega CEO Richard Pexton stands to make up to £3mn from shares and options if a deal with Canopius closes, according to analysis from The Insurance Insider.

New York-based hedge fund Carlson Capital has acquired significant stakes in recent Lime Street M&A targets Omega and Hardy, according to regulatory filings.

Representatives from Omega's leading shareholders - including 29.7 percent owner Invesco - held an official meeting with Canopius on Friday (14 January), The Insurance Insider understands.

With Queensland's general insurance market dominated by Suncorp, QBE and Insurance Australia Group (IAG) there are few indications from international (re)insurers on the level of exposure they anticipate from the floods

Matt Fairfield, the former founding CEO of HCC Global Financial Products, has chosen the Netherlands as the domicile of his ambitious new global specialty managing general agency (MGA).

It is strange the way emotions play a large part in how investors view the global P&C industry.

The floods that have devastated Queensland could represent up to three events for the international (re)insurance community, The Insurance Insider understands.