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AJ Gallagher facing section 166 probe

UK watchdog the Financial Conduct Authority (FCA) is investigating AJ Gallagher's governance and control framework in the country after its senior management team defected to join a rival firm.

Charlie Thomas, 27 May 2015
Validus win against IRS affirmed in appeals court

Validus has won out in its dispute with the IRS in a US court of appeals hearing that affirmed federal excise tax (FET) does not apply to reinsurance polices between two foreign reinsurers.

David Bull, 27 May 2015
Faure to leave Endurance as Young steps in

Jerome Faure is stepping down as CEO of global reinsurance at Endurance at the start of next year, with Stephen Young named as his successor.

David Bull, 27 May 2015
Marcell leaves Guy Carpenter for Aon Benfield

Andy Marcell has stepped down as CEO of Guy Carpenter's US operations to join the reinsurance broker's biggest rival Aon Benfield, The Insurance Insider can reveal.

David Bull, 27 May 2015
The Insider 30

Share price data on The Insurance Insider's universe of P&C (re)insurers

26 May 2015
London Market Group launches ILS working group

The London Market Group (LMG) has convened a taskforce that will work to attract more ILS business to the UK after Chancellor of the Exchequer George Osborne pledged this as a target in this year's Budget.

26 May 2015
Investor confidence rises at Novae

P&C (re)insurance stocks nudged up last week as The Insider 30 made a 0.80 percent gain.

Himal Patel, 26 May 2015
PRA warns of Solvency II work ahead

The Prudential Regulation Authority (PRA) has warned that many UK insurance companies still have a "considerable amount of work" to do in preparation for the implementation of Solvency II on 1 January 2016.

Jenny Messenger, 26 May 2015
Lawsky bows out

Benjamin Lawsky, superintendent of the New York Department of Financial Services (NYDFS), has stepped down after four years in the role.

Jenny Messenger, 26 May 2015
FCA uncovers poor SME claims handling

The Financial Conduct Authority (FCA) has discovered "numerous examples" of poor practice in the handling of claims for small and medium-sized enterprises (SMEs), including delays in initial loss adjuster visits of up to three weeks.

Jenny Messenger, 26 May 2015

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