Legal

If you are reading this from the UK or Europe, it is likely that your political attention the last few weeks has homed-in on certain rumblings in that peculiar part of central London where reality recently seems to have become a relative concept.

California commissioner calls on insurers to waive paperwork requirements.

And so, the Lloyd’s market can finally draw a line under what has been a gruelling few months of performance review and forward planning.

The EEA hub will be led by former Fortis executive Dirk Billemon.

Parades of partners filing out of the Big Four accountancy firms after inappropriate behaviour, a visionary retailer whose signature greeting is a hug if you’re lucky – or a gentle nibble on the ear lobe if you’re not, an even bigger rag-trade titan named in the UK parliament.

Regulatory approval for the $80.5mn deal is expected early next year.

Market premium is also projected to shrink 5 percent as a result of performance drive

A group of high-performing syndicates will help draw up a framework for a more hands-off approach to Lloyd’s oversight.

The Hong Kong-based sidecar was originally expected to generate $50mn of commitment from international investors.

The European carriers’ Chinese expansion coincides with a relaxation of financial sector ownership rules.

Only 5 percent of EEA business is thought to currently be subject to multiple bids.

Associations in Europe, Asia Pacific and elsewhere urge the IASB to give carriers a year longer to prepare for the new accounting standard.