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  • Lloyd's insurer Barbican Group has announced the acquisition of regional UK managing general agency Professional Indemnity Protect
  • Ratings agency Standard & Poor's (S&P) has said it will keep its BBB- long-term counterparty and financial strength ratings on troubled French-headquartered insurer Groupama on credit watch with negative implications following the group's results last week.
  • P&C heavyweights Zurich Financial Services (ZFS), Chubb and Aviva are close to renewing more than $5bn of excess-of-loss (XoL) reinsurance limit on 1 April, in contracts that will highlight just how much momentum there is behind property catastrophe reinsurance rates
  • European participants in the subscription market are set to be quizzed again on competitiveness as part of a review by the European Commission's Directorate-General Competition (DGC).
  • Travelers is fighting against paying claims related to multiple mortgage frauds that could reach over £50mn, after the actions of a partner at Willmetts Solicitors forced the UK law firm into liquidation.
  • Aspen has agreed to settle with Murriel Don Coal Inc over non-payment of a liability policy in the US that could have cost the (re)insurer over $42mn.
  • AmTrust subsidiary Warrantech is looking to settle out of court after being caught up in a legal inquiry by a multi-state attorney general taskforce on its involvement in an extended auto warranty scandal.
  • The Insurance Council of Australia (ICA) has welcomed the integrated mitigation measures highlighted in the Queensland Floods Commission of Inquiry report on last year's floods.
  • It is unlikely that there will be a drastic change to the way the Solvency II regime treats sovereign debt as "risk-free" under its standard formula capital model, says Gabriel Bernardino, chairman of the European Insurance and Occupational Pensions Authority (Eiopa).
  • Mexico is planning to transfer nearly all its federal catastrophe risk to the capital markets after pioneering the first sovereign parametric cat bond in 2006.