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  • After decades of lobbying from the international (re)insurance community, one US state is spearheading new regulation that would remove collateral requirements for the highest rated foreign and non-New York reinsurers.
  • North Carolina's state-backed catastrophe insurance plans have securitised $125mn of catastrophe risk using Swiss Re America as a conduit to the capital markets.
  • Matthew Fosh, the chief executive of the recently rebranded UK insurer Novae Group plc, has described his company's updated Lloyd's syndicate forecasts as a "quiet delivery" of the group's objectives.
  • The legacy of Stirling Cooke Brown, the Goldman Sach's sponsored accident & health (re)insurance broker which finally collapsed in 2003, re-emerged last week after the Financial Services Authority (FSA) banned two of its key executives from operating in t
  • The reporting standards of Lloyd’s syndicates need improving if spread capital is to get a full picture of its exposures, claims Laptop Earlier this year the EU Commission surprised observers by demanding the UK government provide information concernin
  • UK mega consolidator, Towergate Partnership has agreed a £95mn cash offer for Yorkshire-based Broker Network Group today (27 November).
  • Allianz is set to become the latest (re)insurer to unveil a heavy Q4 loss, battered by investment writedowns and a further charge relating to its former investment banking arm Dresdner.
  • Bermuda is set to lose another major broker, with the news that the Willis board has decided to change the domicile of its group holding company from Bermuda to Ireland.
  • A New York-based hedge fund has hit back at Canadian conglomerate Fairfax Financial Holdings with a counterclaim accusing the firm of defamation and a campaign of harassment and intimidation.
  • Fast-growing Australian (re)insurer QBE Insurance Group Ltd closed deals to buy US subsidiaries from Hannover Re and AXA totalling almost $2bn last week.