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EU considering 7-year Solvency II transition – reports
The EU could mitigate stricter capital rules for insurers by exempting all existing contracts from Solvency II regulations for seven years, according to the German business daily Financial Times Deutschland (FTD).
20 June 2012
UK's FSA spends 5% more in 2011/12
The UK Financial Services Authority (FSA) has spent £474.4mn in total net expenditures for the 2011/2012 year up 5 percent from the prior year but £17.3mn below budget, according to the regulator's annual report.
19 June 2012
Willis appoints new reinsurance chief for Brazil
Broker Willis has appointed Luigi Giancristofaro as CEO of its reinsurance broking operations in Brazil as the broker targets expansion in the rapidly growing reinsurance market there.
19 June 2012
Starr appoints former AIG exec to international CFO
US and international specialty (re)insurance underwriter Starr Companies has announced the appointment of Nigel Childs as CFO for the company's foreign operations
19 June 2012
Liberty Syndicates achieves Lloyd’s first in Colombia
Lloyd's carrier Liberty Syndicates has opened a representative office in the Colombian capital Bogota after it secured regulatory approval last month
19 June 2012
General Re affirmed at A++
Berkshire Hathaway operating subsidiary General Re has had its A++ rating affirmed by AM Best with a stable outlook
19 June 2012
Euro crisis may postpone Talanx IPO
Germany's third-largest insurer Talanx may opt to delay its initial public offering beyond July due to the uncertainty created by the Eurozone crisis, Bloomberg has reported
19 June 2012
IQ Summer 2012
Sometimes we gaze out on this wild and wonderful world of risk and find it amazing that anyone in our business should be sufficiently prescient or have a worldview robust enough to formulate anything approaching a strategy.
Mark Geoghegan
,
19 June 2012
Marsh and Spitzer collusion claims thrown out
A federal judge has dismissed claims made by two former Marsh & McLennan employees that the broking giant together with then-New York attorney general Eliot Spitzer unfairly targeted them to take the blame in an investigation into bid-rigging.
18 June 2012
Tawa: where next?
Tawa's long-term strategy has vexed many legacy market observers, with the company earning a reputation as an enigma wrapped in a mystery.
18 June 2012
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