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  • It is not often that The Insurance Insider gets embroiled in the intricacies of EU diplomacy, but the events of last week and the UK's decision not to support a new treaty with its 26 fellow members is significant enough to warrant analysis.
  • Bermudian-headquartered (re)insurer Axis Capital has announced that chief financial officer Albert Benchimol will succeed the group's founding CEO John Charman.
  • Swiss Re CEO Stefan Lippe will take early retirement in 2012 as the reinsurer starts the search for his successor, the company announced today (12 December).
  • The second biggest reinsurer in Singapore by premium Asia Capital Re (ACR) has defied market expectations to declare net losses from the Thai floods of around $55mn.
  • The oil field services giant Halliburton has countered accusations that it destroyed evidence that showed it shared some of the blame for the Gulf of Mexico oil spill last year
  • A deal between Omega and Haverford chairman Mark Byrne has become still less likely after Byrne went on holiday yesterday (8 December)
  • Policymakers putting the final touches to the Solvency II regime must ensure that European (re)insurers are not put at a disadvantage against their global competitors, UK City minister Mark Hoban has said.
  • The European (re)insurance industry has become too hung up on the Pillar 1 capital aspects of the new Solvency II regime and has not paid enough attention to the risk management elements, Karel Van Hulle, head of the European Commission's insurance and pensions unit has said.
  • The European Commission (EC) is unlikely to take immediate steps to overhaul the way the Solvency II standard formula treats Eurozone sovereign debt as risk free, according to Carlos Montalvo, executive director of the European Insurance and Occupational Pensions Authority (Eiopa).
  • UK (re)insurance companies have learned further details on how they may be permitted to plough ahead with their Solvency II implementation, despite the likely legislative delays, and adopt their internal model data as initially scheduled on 1 January 2013.