October 2009/3

Matthew Elderfield, the current CEO of the Bermuda Monetary Authority (BMA), is to step down at the end of the year to take up the post of director of financial regulation at the Central Bank of Ireland.

Hardy Underwriting Bermuda Limited has launched a reinsurance joint venture based in Bahrain in equal partnership with Arab Insurance Group (Arig).

Willis Group's reinsurance arm unveiled a series of management changes and a new organisational structure last week.

Last week, it was five years ago that the then New York Attorney-General Eliot Spitzer unleashed his snarling pit bull on the US P&C industry with his notorious bid-rigging/steering charges against MMC.

UK regulator the Financial Services Authority's (FSA) clarification of its approach to vetting senior appointments for regulated companies represents a considerable expansion of its powers...

If the most effective way to tackle conflicts of interest is full and unvarnished disclosure then this appears to finally be the consensus among senior state insurance officials...

Overseas and emerging markets are forecast to continue to be important areas of growth for European (re)insurers in the coming years...

Rating agency AM Best painted a lacklustre picture of the European non-life sector in 2010...

Despite a moderate uptick in the number of securities lawsuits filed in the third quarter, the number of new suits related to the credit crisis fell sharply...

QBE Europe has confirmed that of the 200 jobs that were subject to consultation as part of a restructuring overhaul, 125 redundancies are expected...

Rating agency Moody's has withdrawn the debt ratings on Flatiron Re after its loans were repaid in full earlier this year...

The decision by a Scottish Court last week to prevent the proposed Scottish Lion solvent scheme of arrangement because of objections by some policyholders will be appealed, scheme adviser and partner at PricewaterhouseCoopers (PwC) Dan Schwarzmann has tol