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  • Japanese big three player Sompo Japan Nipponkoa Insurance and its newly acquired Lloyd's subsidiary Canopius are exploring the creation of a major separately capitalised reinsurance business, The Insurance Insider can reveal.
  • Korean Re and Mexican carrier Patria Re are both looking to establish special purpose syndicates (SPSs) at Lloyd's for 2015, The Insurance Insider has learned.
  • Ironshore is contemplating taking a second run at a flotation in the first quarter of 2015, The Insurance Insider can reveal.
  • Insurers' UK sovereign debt portfolios are unlikely suffer much volatility if the Scottish public votes for independence today (18 September), according to analysis from Towers Watson.
  • Business processing firm Xchanging and partner Deutsche Bank have unveiled the key clients that have confirmed their participation in pilots of the Netsett platform
  • Insurers in Europe will be subject to extra value-added sales tax charges that could cost hundreds of millions of pounds, following a ruling from the European Court of Justice (ECJ) yesterday (17 September)
  • The New York State Department of Financial Services (DFS) has instructed AmTrust to meet a number of requirements following the approval of affiliated entity ACP Re's takeover of Tower Group earlier this week.
  • Any minor hopes that reinsurers would come to the Monte Carlo Rendez-Vous with a determination to bring the soft market to an end have been disappointed, as the market chose resignation over confrontation.
  • US P&C insurer Assurant has named Alan Colberg as its new president and CEO, effective 1 January 2015, following the previously announced retirement of Robert Pollock.
  • The commercial P&C portion of Allianz's US subsidiary Fireman's Fund is set to be folded into Allianz Global Corporate & Specialty (AGCS), as the company confirmed that it was also mulling strategic options for the personal lines side of the business