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Legacy players could be back for Flagstone
Flagstone Re could again find itself in the sights of legacy players such as Enstar or Catalina after prime bidder ANV's "final" offer passed a deadline without a response from the firm...
04 July 2012
Omnibus II vote delayed again
The European Parliament has once again pushed back the date for the full plenary session to consider the proposed Omnibus II Directive from 10-13 September to 22 October
04 July 2012
NFIP reforms could open the floodgates for new reinsurance demand
The long-awaited passing of the National Flood Insurance Programme (NFIP) reform legislation has created new opportunities for increasing reinsurance demand
04 July 2012
Lloyd’s minnows manoeuvre for advantage
Atrium, Antares, Barbican and Sagicor. The list of privately held Lloyd's (re)insurers considering fresh capital and ownership continues to grow. We have the latest intelligence...
04 July 2012
European Commission: Brokers forced to disclose remuneration
The EC has proposed making disclosure of remuneration mandatory for all sellers of non-life insurance products following a five-year transitional period in which disclosure information should be available on request
04 July 2012
Insurance rates continue to rise…
Global insurance rates have continued to firm in the second quarter of 2012, marking the fourth consecutive quarter of rate increases...
04 July 2012
Zurich ruling means UK strike outs are unlikely
The UK Supreme Court has ruled that UK courts have the power to strike out fraudulent insurance claims for abuse of process, but noted that this remains a "largely theoretical possibility"
04 July 2012
London broking duo upbeat despite 2011 losses
Two of London's small independent brokers posted full-year 2011 losses last month but remained upbeat about their future prospects...
04 July 2012
UK non-disclosure makeover proposed
UK legal reformers have released a consultation on changing business policyholders' disclosure requirements to bolster their rights and to amend warranty law
04 July 2012
NZ disputes to test BI and reinstatement issues
Claims from the New Zealand earthquakes are causing a number of legal cases that test insurance coverage issues, two New Zealand lawyers told International Underwriting Association (IUA) members in London late last month
04 July 2012
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