March 2011/4

Amlin's Dutch CEO walks; Gryphon loss ups to $800mn; MMC in boardroom reshuffle; Albers heads new Swiss Re arm; Munich Re suspends buybacks...

Nuclear leads Lloyd's top performers; RK Harrison profits dip; Brit squeeze-out begins; Atrium merges on Wilkins exit; Advisen Connects...

BP has asked a Texas judge to dismiss a lawsuit filed by some institutional investors, claiming the UK High Court should hear the case

A roll-call of stateside insurers and brokers agreed to pay $36.8mn in March to settle a long-running Eliot Spitzer-inspired lawsuit that claimed the companies engaged in bid-rigging

US broker AmWins has settled the lawsuit it brought last year against Pat Ryan's wholesale start-up RT Specialty that alleged "misappropriation of trade secrets" after the defection of one of its senior brokers

The UK Financial Services Authority (FSA) has confirmed its budget for the financial year 2011/12 will increase by just over 10 percent to £500.5mn

UK corporation tax will be cut by 2 percent this year, as the government outlined its plans to boost growth in a budget that tax advisers instantly hailed as good for insurers

The regulatory cost for brokers in the UK is three times higher than for rivals in the second most expensive European state, new research by the British Insurance Brokers Association (Biba) has revealed

The European Insurance and Occupational Pensions Authority (Eiopa) will conduct a second industry-wide stress test to assess participants' vulnerability to a range of potential adverse developments

New protectionist regulations in Brazil that threaten to disrupt the progress made by international reinsurers have sparked howls of protest from trade groups

The European Union has declared that (re)insurers are well capitalised and broadly prepared for Solvency II, but the new regulator brought in to chaperone the transition is warning against complacency

Price indications on cat bonds fell in March, underlining fears in the insurance-linked securities sector that a portion of the $1.4bn outstanding capacity exposed to Japanese earthquake risk could be triggered