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There are 68,930 results that match your search.68,930 results
  • Stanford case against Willis can be heard
    A fifth circuit appeals court has ruled that investors burnt by Allen Stanford's $7bn Ponzi scheme are entitled to pursue a class action suit against his insurance broker Willis in the district court.
    26 March 2012
  • FSA makes UK (re)insurers pay as costs leaps again
    Lloyd's (re)insurers, the Corporation of Lloyd's and UK general insurers will all experience hefty increases in their Financial Services Authority (FSA) levies this year. The UK regulator cited pay increases, Solvency II, the change to the regulatory system and IT costs for the sharp increase in the budget.
    26 March 2012
  • Bernardino warns on conflicts of interest
    A "paradigm shift" is needed in how policy tools are used to combat conflicts of interest, information asymmetries and market inefficiencies in the insurance and pensions industry, said Gabriel Bernardino, chairman of the European Insurance and Occupational Pensions Authority (Eiopa).
    26 March 2012
  • Lloyd’s delays Solvency II model submission
    Lloyd's has delayed the submission of its internal model to the Financial Services Authority (FSA) until July. The model was originally due to be submitted for approval next month.
    26 March 2012
  • UK corporate tax cut accelerated as CFC reforms confirmed
    The UK will cut its corporation tax rate again as the government unveiled a "pro-business" budget last week in a bid to end the flight of companies from London domiciles to overseas jurisdictions with lighter business tax regimes.
    26 March 2012
  • Omnibus II passes crucial vote
    A key European Parliament committee has approved the draft Omnibus II legislation, helping ease industry fears that lawmakers would miss tight deadlines required to get the Solvency II legal framework in place for a 2014 launch.
    26 March 2012
  • Swiss Re closes Combine Re deal
    Swiss Re has closed its new multi-sponsor cat bond Combine Re on target at $200mn, offering an indication of ILS investor appetite at two very different ends of the US risk scale.
    26 March 2012
  • Alterra reloads New Point retro sidecar
    Bermudian (re)insurer Alterra is fundraising for another incarnation of its New Point fleet of retro sidecars ahead of the mid-year US renewal season.
    26 March 2012
  • $700mn+ Tokio Marine QS drags Lloyd’s into the red
    Lloyd's will inevitably post a market-wide loss for 2011 this week, but if the distorting effect of Kiln's $700mn+ single contract Thai flood loss is excluded, the result actually comes in at a modest profit, according to The Insurance Insider's updated forecasts.
    26 March 2012
  • London’s minnows set to benefit from Hardy sale
    London's small cap (re)insurers should be boosted by the agreed sale of Hardy to CNA at 1.55x year-end net tangible assets (NTA), according to first-reaction notes from analysts and stock price movement since the deal was announced.
    26 March 2012
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