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  • Willis is suing former employee Kevin Cummings, alleging that the executive broke the terms of his employment contract and other agreements after he quit his position and joined rival broker Lockton. The suit was filed in the New York State Supreme Court on 22 September.
  • With five Lloyd's deals done already this year and another one (eventually) drawing closer, the M&A market may now cool in coming months as the obvious sellers thin out
  • The Securities and Exchange Commission (SEC) is considering sanctioning Standard & Poor's (S&P) for allegedly violating federal securities laws, according to regulatory filings...
  • Lloyd's is still keen to press on and begin implementing the Solvency II regime from 2013, despite the concessions expected from European policymakers to smooth the transition for the laggards within the market.
  • Meanwhile, US lawmakers temporarily averted yet another lapse of the National Flood Insurance Program (NFIP) after the US House of Representatives agreed a one-week extension for the indebted progamme.
  • Full implementation of Solvency II looks increasingly likely to be delayed until 2014 after the European Council released an updated version of the Omnibus II directive...
  • The US government is too interventionist in the insurance markets, hindering the country's ability to bounce back from catastrophic events and dumping unnecessary expense on the taxpayer, according to Lloyd's.
  • The UK Financial Services Authority (FSA) is scrutinising the Icelandic firm European Risk Insurance Company (Eric), The Insurance Insider understands.
  • Some investor frustrations are in evidence as the sales process finally comes to a head
  • US Re moves; Guy Carp hire