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  • GISC: OFT OK ON F42 The General Insurance Standards Council, the new self-regulating body for UK insurance brokers, received a welcome boost after the Director General of the Office of Fair Trading found that their rules do not infringe the Competition
  • Liberty Mutual Group has fought back against its downgrade by Standard & Poor's (S&P) following the closure of its $6.2bn acquisition of rival Safeco last week.
  • Willis Group's first quarter results, due out this week, will be scrutinised carefully by investors for the performance of its US operations, following last year’s $2.1bn acquisition of Hilb, Rogal & Hobbs (HRH).
  • While the future looks challenging for the global financial markets as a whole, the (re)insurance industry is currently "the most stable financial industry in the world", according to CEO of Willis Joe Plumeri.
  • Iris Re, the new Bermudian class 3 reinsurer launched by private equity firm Cartesian Capital Group, will bring $100mn of much needed capacity to the tight industry loss warranties (ILW) market, The Insurance Insider understands.
  • European insurers' pure solvency ratios are "extremely stretched" and 2009 will be an acutely difficult year for some of Europe's largest market participants, particularly in the life sector...
  • Although the industry has learnt the business lessons of the 9/11 terrorist attacks, only those companies that suffered actual loss of life in the tragedy have developed sufficient risk strategies, according to research released today (17 October).
  • Shares in US insurance giant, American International Group Inc (AIG), continued its rollercoaster ride on the New York Stock Exchange last week, twice plumbing the depths of new 52-week lows as investor unease mounted over the group's sub-prime...
  • An end to market divergence and downwards pressure on reinsurance rates may be in sight, major reinsurance brokers have predicted, as senior industry leaders gather at the 2008 Monte Carlo Reinsurance Rendez-Vous.
  • UK insurer Brit Insurance is the only trade buyer left in the race to buy fellow Lloyd’s insurer Chaucer Holdings, as the shortlist of serious bidders is whittled down to three, The Insurance Insider can reveal.