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  • The UK High Court sanctioned a landmark scheme of arrangement for Orion Insurance Company and The London and Overseas Insurance Company Ltd late last month (29 October), in a move that will allow legacy players to continue to extract value from their liabilities.
  • UK-headquartered industry professional body the Chartered Insurance Institute (CII) today launched a Strategic Manifesto, which laid out a five-year plan on how it will modernise and work with the profession to build public trust.
  • New York state’s pending cybersecurity regulations for insurers and other financial companies will take shape a little more slowly than expected, with an approaching deadline pushed back to March 1.
  • Trade body the Association of British Insurers (ABI) has estimated that its members will pay out £520mn ($775mn) for damage caused by Storm Desmond, which hit the UK earlier this month
  • Aetna exec takes CEO role at The Hanover; Compre restructures; Fidelis appoints CIO; S&P: reinsurers to pick up at least 50% of wildfire losses; RFIB launches Americas business; Fitch: Brexit scenario impact uncertain; XL Catlin hires Newick; RMS opens Florida office; PwC issues casualty reserves warning; RSA appoints underwriting director; AM Best affirms PartnerRe after review; XL Catlin announces $1bn share buyback; $460mn Chinese reinsurer in pipeline; Validus COO to lead US MGU; MPL profitabili
  • John Cullen will replace Rob Brown as CEO of Aon Risk Solutions (ARS) EMEA from 5 October, The Insurance Insider can reveal
  • Reinsurers will be hit hardest by the UK government's surprisingly steep reduction in the rate shaved off lump-sum personal injury payments, with reserves and underwriting profitability set to come under unexpected pressure
  • Prime Minister Theresa May's Brexit manifesto has killed any lingering hopes of a soft goodbye to the EU in which the UK would remain in the single market.
  • QBE has appointed Declan Moore to the newly created role of chief underwriting officer of its Australian operation.
  • The UK's Prudential Regulation Authority (PRA) has admitted that parts of the Senior Insurance Managers Regime (SIMR) are not yet in place even though it has now passed its own summer deadline