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  • The UK Solicitors Regulation Authority (SRA) has ordered an audit of insurers providing professional indemnity (PI) cover to the industry amid growing concern over the misreporting of income on compulsory cover, The Insurance Insider can reveal.
  • Willis North America chairman and CEO Don Bailey has resigned and will join personal lines giant Allstate, The Insurance Insider can reveal.
  • Six months after the Bangkok riots only a handful of claims have been paid despite initial loss estimates for the London market ranging from $500mn to $1bn, The Insurance Insider has learned.
  • The international (re)insurance community will be looking anxiously at the final terms negotiated this week for the European Union's bailout of the Irish government for any sign of movement on the country's favourable corporate tax rates and rules.
  • Underwriting losses in the US property and casualty (P&C) industry narrowed in the third quarter of 2010 compared to the prior-year period, with premium volume showing a surprise increase.
  • A year on from fruitless M&A talks with Aspen, Ariel Re is again attracting potential suitors, this time from Japan, The Insurance Insider understands.
  • The UK Solicitors Regulation Authority (SRA) has ordered an audit of insurers providing professional indemnity (PI) cover to the industry amid growing concern over the misreporting of income on compulsory cover, The Insurance Insider can reveal.
  • Ace CEO Evan Greenberg has set aside his long-term opposition to share buybacks by securing approval for a $600mn programme.
  • The Middle East is back on track for insurance growth after a slight stumble in the Qatari and United Arab Emirates (UAE) markets last year as construction in Dubai stalled.
  • Zurich Financial Services has been upgraded by AM Best to reflect the global composite insurer's improved capitalisation.