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  • GoshawK and Alleghany - two of the most spectacular failure to occur on the Lloyd's Central Fund - are closer to being finally reinsured
  • Solvency II is the long-awaited, muchdebated new regulatory approach for (re)insurers operating in the EU, but the removal of a key component from the EU Council’s draft text has thrown a major spanner in the works for the progress of the legislation at a time when the theory of regulation based on banking principles is being rethought.
  • Moody's has expressed concerns over reserves at US property casualty (P&C) insurers, which it says slid from a "comfortable redundancy" to "close to breakeven" during the second half of 2008, as companies released reserves to bolster earnings.
  • Aon Benfield's facultative electronic trading portal FAConnect has been integrated with the Lloyd's Exchange, allowing users to transmit messages directly to syndicates.
  • Companies rarely volunteer to forego a lucrative proportion of their revenue streams but that is exactly what the industry's international brokers and large US retail brokers have been doing in the wake of Spitzer's allegations of price-fixing at Marsh.
  • UK-listed broker Jardine Lloyd Thompson Group plc (JLT) has today (5 April) revealed that Dominic Collins, executive chairman of its JLT Risk Solutions division, has resigned after more than 20 years with the company. The move follows plans for...
  • The latest annual syndicate results from the 2007/08 trio of privately backed Lloyd's start-ups recorded a deterioration in performance from all three, albeit with Ark outperforming the others.
  • The soft market conditions for US commercial insurance show no sign of abating as excess capacity continued to push down rates in Q2, according to a raft of research and comment last week.
  • The southern California wildfires, which have been raging across the region since 21 October, look set to cost (re)insurers between $900mn and $1.6bn in insured losses, according to the latest estimates from catastrophe modelling firm Risk Management Solu
  • Lloyd's insurer Heritage Underwriting Agency closed its 2003 year of account with both of its syndicates ending ahead of previous forecasts. Syndicate 1200 closed the year with profits of 28 percent on a capacity of £80mn while Syndicate 3245 closed...