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  • Pamplona Capital Management, the Russian-backed private equity firm, is still waiting for clearance from the Financial Services Authority (FSA) to build a pivotal stake in the listed Lloyd's insurer Chaucer Insurance Holdings.
  • Only those that have ability to price and select risk will prosper, says ratings agency Ratings agency Fitch believes that, despite recent sterling results, post-9/11 Bermudian start-ups need to rapidly adapt “to develop the strength to compete with es
  • The chief executive of UK regulator the Financial Services Authorty (FSA), Hector Sants, spelt out a move away from the organisation’s traditional principle-based regulatory approach in a speech last week.
  • Aon unveils UK energy unit; Sagicor starts life at Lloyd's with Cassidy Davis hire; RSA acquires Irish Underwriter; Glacier opens new Swiss office; LPL expands into Caribbean.
  • Rates for national US property-catastrophe reinsurance programmes rose by between 10 and 14 percent on a risk-adjusted basis at 1 April renewals, continuing the hardening trend seen in January’s renewals for catastrophe-exposed lines, according to broker
  • Despite keen investor interest ignited by recent M&A activity, a combination of weak prospective underwriting margins and a perceived lack of capital efficiency will help keep overall equity valuations low in the (re)insurance sector, delegates at an Insurance Insider London One Hundred roundtable heard last week.
  • The Association of British Insurers (ABI) is demanding a complete reassessment of the UK's flood risk, and in particular surface water drainage (SWD), as part of the consultation process for the draft flood and water management bill released by the govern
  • A Canadian law firm has filed a C$550mn class action lawsuit against American International Group (AIG), AIG Financial Products Corp (AIGFP) and various directors and officers, alleging that the firm caused massive losses to Canadian investors.
  • Bermudian giant ACE reported net income down 38 percent for the fourth quarter and 20 percent for the year last Wednesday (2 February) as it felt the impact of the sale of its Brandywine reinsurance unit late last year.
  • Investors rarely react well to steep profit falls, but shares in UK headquartered broker Jardine Lloyd Thompson group plc climbed 5.5 percent last week despite a 29 percent slump in trading profits.