July 2007/3

Proposed start-up Leinster Group Ltd has refused to acknowledge defeat following the Society's rejection of its application.

Liberty Syndicates - one of the largest Lloyd's (re)insurers - is set to end its search for a new CEO by appointing Nick Metcalf to the role, according to market sources.

Directors and related parties of a number of London market companies bought shares in the lead-up to the closed trading period ahead of interim results, despite the fall in specialty insurance stocks in June.

Despite recently announced capital management plans, investors are continuing to undervalue the UK non-life insurance sector, according to analysts at Numis Securities.

London-listed (re)insurer Catlin Group Ltd received a double boost from rating agencies AM Best and Standard & Poor's (S&P) in early July.

Electronic trading platform RI3K is in advanced talks with rival outsourcing firms Capita and Xchanging over partnering to build an integrated bureau facility for Bermuda’s (re)insurance market, The Insurance Insider can reveal.

Lloyd's CEO Richard Ward has warned the London market that the "pace of change" on business processes remains too slow and reiterated his willingness to mandate action if necessary.

Although the publication of the draft Solvency II directive for European regulation on 10 July dealt no real surprises to the insurance community, there are still many compliance challenges ahead.

Chubb Re spin-off replaces Federal fronting arrangement and plans European expansion

Farmers’ landmark $500mn transaction likely to spur new initiatives…