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UK fears grow over Solvency II deadline
More than a third of UK insurers are concerned the European industry will fail to meet the 1 January 2014 implementation deadline for Solvency II despite the date already having been pushed back, according to Deloitte's annual survey.
31 May 2012
News digest
Trotti out in Willis overhaul; Segal released; Ryan to buy Sharebridge; Tiger Risk hire; LMA quartet; Italian quake up to $875mn...
31 May 2012
Flagstar sued for mortgage fraud
Flagstar Re and private mortgage insurers in the US including Genworth Mortgage Insurance have been accused in a class action complaint of setting up a mortgage fraud scheme in early 2004 that used reinsurance as a mechanism.
31 May 2012
Former Gen Re and AIG execs in talks to resolve finite charges
The four former General Re executives and one former AIG executive accused of defrauding investors through a phoney reinsurance transaction in 2000 are in talks with prosecutors to resolve the criminal proceedings brought against them, according to a court filing.
31 May 2012
Judge grants MF Global $30mn access to D&O and E&O
A New York judge has confirmed an earlier ruling that allows MF Global executives to recoup defence costs from directors' and officers' (D&O) and errors and omissions (E&O) policies .
31 May 2012
Dewey finally folds
Dewey & LeBoeuf has finally filed for Chapter 11 bankruptcy in New York and placed its separate UK-incorporated entity into administration.
31 May 2012
WR Berkley hangs up Lloyd’s turnkey
WR Berkley has received approval from Lloyd's and the Financial Services Authority to establish a managing agent on 1 June, three years after Syndicate 1967 began underwriting at Lloyd's
31 May 2012
Asset management
A deepening Eurozone crisis is increasing interest in European covered bonds and corporate credit
31 May 2012
Q Re hires senior Novae duo
Qatar Re (Q Re), the reinsurance arm of Qatar Insurance Company (QIC), has made an ambitious statement of intent regarding its international expansion plans with the hiring of Novae Re's two most senior executives
31 May 2012
Neon stalls
Martin Reith's proposed start-up vehicle Neon Capital did not write business at the 1 June renewals, The Insurance Insider understands.
31 May 2012
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