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Eiopa: Budget cut to impact SII delivery

The European Insurance and Occupational Pensions Authority (Eiopa) has said a 7.6 percent cut in its proposed budget for 2015 will impact the delivery of Solvency II.

Jenny Messenger, 03 February 2015
PPL verdict due later this month

The Placing Platform Limited (PPL) board's decision on which firm will be chosen to roll out electronic placing to the London market is due in the next few weeks, according to sources.

Jenny Messenger, 03 February 2015
Hamilton in Montpelier Re second round

Brian Duperreault's Hamilton Insurance Group is among the bidders that have made it through to the second round of the Montpelier Re sale process, The Insurance Insider can reveal

Adam McNestrie, 03 February 2015
IUA airs doubts about BoE insurance expertise

London company market trade body the International Underwriting Association (IUA) has welcomed the Bank of England (BoE)'s appointment of Sam Woods as executive director for insurance supervision but expressed concern over a lack of experience in its insurance division.

Jenny Messenger, 03 February 2015
Jurisdiction battle reveals Chesterfield dismissal case

A London jurisdiction dispute has uncovered a suit for unfair dismissal brought by Gary Hirst, one of the four founders of Chesterfield Insurance Brokers, against the London-based intermediary.

Dan Ascher, 03 February 2015
Mount Beacon demonstrates buyers’ market

If any evidence was needed of just how soft the Florida reinsurance market will be at 1 June it can be found in the placement of recent start-up Mount Beacon's cat programme

David Bull, 03 February 2015
Houlder London cleared to use fraud defence

London market broker Houlder (Houlder London) was granted permission late last month to use a defence alleging fraud and forgery against its Asian sister broker Houlder Far East in a negligence dispute being litigated in London.

Dan Ascher, 03 February 2015
Citizens continues to drive Florida reinsurance demand

Private insurers could need $1.5bn+ new limit as cat fund also considers risk transfer

David Bull, 03 February 2015
Gibraltarian insurer in bitter broker row

Gibraltarian motor insurer Southern Rock Insurance Company appeared in court last month (30 January) amid a bitter row with its broker Brightside Group, which allegedly failed to adequately screen policyholders.

Dan Ascher, 03 February 2015
Trio of Japanese legacy deals revealed

The end of 2014 and the beginning of 2015 has seen a flurry of activity in the Japanese legacy market with three books totalling $224mn being acquired by buyers across the Pacific, The Insurance Insider understands.

Adam McNestrie, 03 February 2015

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