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  • Two new pieces of guidance proposed by the Prudential Regulation Authority (PRA) could drive "sensible, viable and profitable businesses" away from the EUR45bn UK legacy market, industry experts have warned
  • The People's Insurance Company of China (PICC) has trumpeted its new status as a major player in the international (re)insurance space by lining up alongside Berkshire Hathaway to participate in Willis' long-meditated follow-form facility
  • Klaus Endres has left his position at Axa Liabilities Managers (Axa LM)
  • The continued strength of demand from multinational cedants for aggregate catastrophe cover has been demonstrated by both Axa and AIG deciding to purchase sizeable sideways covers on a global basis, The Insurance Insider can reveal...
  • In a highly unusual development, the normally circumspect reinsurer was forced to justify its legacy claims-paying record
  • The ABI said it is the "end of the beginning" for Solvency II amid mounting expectations that EU governments will shortly reach a final agreement on the long-delayed new capital regime for insurers
  • A survey of industry professionals found that over two thirds believe terrorism coverage would decrease or completely disappear if the US government were to allow the federal backstop provided by the Terrorism Risk Insurance Act (TRIA) to lapse
  • Insurers have rallied against a proposal from the House of Representatives to stall the implementation of the Biggert-Waters Flood Insurance Reform Act
  • Treaty reinsurers will escape almost entirely unscathed from the European windstorm that has been variously dubbed Christian and the St Jude's Day storm, it is understood.
  • Sirius Group CEO Allan Waters said the company's new Sirius Capital Markets division should begin raising third-party capital this quarter