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  • (Re)insurance trade bodies have called for a greater private role in the US National Flood Insurance Program (NFIP)
  • The body responsible for regulating the UK solicitors' professional indemnity (PI) market is recommending key changes to cut the cost of providing non-commercial cover to firms.
  • There is growing recognition that Solvency II will be phased in, which should reassure the industry
  • The standard model capital charge would be the equivalent of the 25 largest cat losses of the past decade all occurring in one year. No wonder Lloyd's is seeking approval for its own model
  • Leading ILS fund manager Credit Suisse Asset Management (CSAM) has secured $400mn of contingent capital for a new energy-focused (re)insurance vehicle that will launch if the market hardens
  • Cathedral's Lloyd's Syndicate 2010 was the protection buyer involved in an innovative private cat bond securitisation that may pave the way for future syndicates or smaller (re)insurers to acquire protection from the capital markets
  • Around half of the estimated $100mn "cold spot" industry loss warranty (ILW) market has triggered as the latest loss estimates for the New Zealand earthquake top $3bn
  • We look at every ILS transaction this year - including those in a bumper pipeline - and conclude that issuance will reach over $5bn
  • Guy Carpenter is understood to have won the lead position on the Italian reinsurance placement for insurance giant Assicurazioni Generali from rival Aon Benfield.
  • Willis North America chairman and CEO Don Bailey has resigned from the "big three" broker to join personal lines giant Allstate, as first revealed by The Insurance Insider.