October 2009/3

Despite reined in optimism over underwriting conditions next year, a quartet of new Lloyd's syndicates are set to join Nick Jones' Apollo Syndicate 1969 in time for 1/1 launch 2010 launch.

Italian insurance giant Generali's buy out of the 49.6 percent minority shareholding in its Alleanza Italian life insurance unit should produce tax savings of EUR40mn a year...

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.

The community of former UK-domiciled specialty insurance operations now headquartered overseas face years of meticulous close scrutiny of their business affairs by UK tax authorities...

Munich Re's recent decision to reinstitute its share buyback programme to the tune of EUR1bn in "unneeded" capital could act as a catalyst for further returns...

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

Broker Willis Group has appointed former GCFac's Latin American operations, Hugh Powell, as CEO of Willis Facultative in Latin America...

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

Dutch insurance giant Aegon has completed a capital management transaction...

Ratings agency Standard & Poor’s (S&P) has highlighted concerns over life settlement securitisations (LSS).

Hannover Re will open a non-life branch in Shanghai, after receiving regulatory approval earlier this month.

Rating agency Moody's has withdrawn the debt ratings on Flatiron Re after its loans were repaid in full earlier this year...