January 2011/4

London-listed (re)insurer Amlin has acquired UK household and commercial insurer JR Clare Underwriting Agencies (JCUA) for an undisclosed sum.

Lloyd's chairman Lord Levene has said that managing agents look set to spend some £300mn on Solvency II implementation, trumping the £250mn figure floated by his finance director Luke Savage earlier in the month.  

UK offshore domicile Guernsey has said that it currently has no intention of seeking Solvency II equivalence.  

Suncorp has notified reinsurers that it expects to receive gross claims of A$650mn (US$650mn) from the devastating flooding in Toowoomba and Brisbane earlier this month, based on an industry insured loss of A$2bn, The Insurance Insider has learned.

Bermuda-headquartered Lloyd's (re)insurer Hiscox has broken its silence on September's New Zealand earthquake by telling the market that it expects to incur claims of approximately £37mn ($58mn).

Willis Re A&H chief leaves for Axis; Lloyd's enters iPad age; Gallic giant PAI to offload broker CEP; AIG continues to redeem bailout; Cologne calling; Flagstone bags Housley; Willis appoints new Middle East head; JLT opens South African office; FSA freezes staff pay

Former American International Group (AIG) chief Hank Greenberg is set to go on trial on 2 May in a New York state lawsuit alleging he used bogus transactions to disguise the insurer's financial state.

A New York state appeals court has reinstated an antitrust lawsuit brought by Global Reinsurance Corp against Equitas.

Lloyd's general counsel Sean McGovern has praised the success of the Society's Solvency II lobbying efforts so far but warned that much work was still required.

The public authority that runs the Washington DC metro has sued Aon for negligence following a dispute following a train crash in June 2009 that killed nine people and seriously injured a number of others.

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Ryan Specialty Group has continued to build out its operations with the launch of a managing general underwriter for complex construction and property risks, Technical Risk Underwriters (TRU).