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Solvency II 1 Jan 2014 implementation date official
The 1 January 2014 implementation date for Solvency II has been confirmed by the European Parliament along with the 30 June 2013 deadline for EU member states to write the directive into national law.
04 July 2012
Hyperion Windsor deal completes quickly
International broker and managing general agency group Hyperion has announced that its deal to buy London wholesaler Windsor Limited completed yesterday (3 July)
04 July 2012
Lloyd’s confirms evolution of Project Darwin in market update
In a "Dear CEO" letter to Lloyd's insurers, Corporation head Richard Ward has confirmed that the outsourcing firm Xchanging will retain its position as the provider of the London market's existing processing and settlement services.
04 July 2012
Capital focus to boost legacy sector
The travails of the capital markets and historically low investment returns are concentrating the wider (re)insurance industry on the value that can be unlocked by legacy solutions, senior legacy professionals concluded last month
04 July 2012
Analysts cheer R&Q Brandywine settlement
UK-listed run-off-to-live operator Randall & Quilter (R&Q)'s share price should edge up in the second half of the year following a recent settlement with Ace Group over its 2006 Brandywine transaction
04 July 2012
Run-off M&A reaches $1bn in 2012
Purchases of legacy P&C (re)insurance assets have already exceeded $1bn at the half-year stage, proving tangible evidence of the vibrant market for run-off business, according to data compiled by The Insurance Insider
04 July 2012
Berkshire leaves rivals in the shade on A$5bn Suncorp renewal
Berkshire Hathaway's deals with Australian mega-cedant Suncorp sucked A$1.5bn of event limit out of the open market at its 1 July renewal, taking the heat out of a renewal that was initially expected to be both difficult and expensive...
04 July 2012
Hard property cat market threatens to end
The nascent harder market for property catastrophe reinsurance already appears to be ending, as excess capital and muted demand dampen rate rises that could fizzle out altogether by the start of 2013
04 July 2012
‘Dull’ renewal as large insurers retain more risk
US cat underwriters helplessly swimming against the swollen tide of excess industry capital and stagnating demand were left disappointed for a second month in a row at 1 July...
04 July 2012
Groupama asset sales continue as spotlight turns to UK
After a busy month spent selling off a number of its overseas assets to rival insurers, attention is now likely to turn to the UK operations of the troubled French insurer Groupama.
04 July 2012
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