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  • PricewaterhouseCoopers (PwC) is developing a London-based opt-out scheme for insolvent Orion Insurance Company and The London and Overseas Insurance Company Ltd.
  • Private equity house CVC is lining up another foray into the insurance sector, this time for run-off life insurer Phoenix Group.
  • Employees at legacy service provider Helix UK have been put on notice by parent company Axa Liabilities Management (Axa LM), The Insurance Insider has learned.
  • NAIC advocates status quo; Moody's: One hand gives...the other takes away
  • As the Eurozone financial crisis continues to fester, the continent's (re)insurers could be penalised for their holdings of Euro-denominated sovereign debt under Solvency II rules, the European Insurance and Occupational Pensions Authority (Eiopa) said last week.
  • Yet another short-term extension of the US National Flood Insurance Program (NFIP) has been greeted with a mix of relief and disappointment by industry bodies.
  • Two of the largest ILS fund managers are caught up in uncertainty over the news that Credit Suisse is integrating its private bank subsidiary Clariden Leu into the group operations.
  • Traditional (re)insurance activities do not pose a threat to the global financial system or real economy, according to a new paper from the International Association of Insurance Supervisors (IAIS).
  • Start-up insurance-linked securities (ILS) operation Dunamis Holdings is the latest to back private cat bonds with the launch of a new "one-stop" issuance facility to transform risk into the capital markets.
  • Chartis subsidiary National Union Fire Insurance Company (NUFI) has more than doubled its Compass Re cat bond from a $275mn target to close at $575mn, The Insurance Insider's sister publication Trading Risk reported last week.