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Brussels launches antitrust probe into P&I clubs
London and international market (re)insurers are set to be questioned as part of a new European Commission (EC) investigation into possible anti-competitive activity among the 13 shipowner mutuals of the International Group of Protection and Indemnity (IG) clubs
10 September 2010
Lime Street keeps capital requirements for 2011
Lloyd's looks set to keep its capital ratios the same for 2011, despite this year's cat losses and the prospect of Solvency II
10 September 2010
Tougher European regulator to be in place by 2011
A new, supercharged European insurance regulator will be up and running next year under a revamp of financial supervision approved by the European Parliament this month
10 September 2010
Lloyd’s sees red over syndicates’ readiness for Solvency II
Lloyd's has put a "red alert" on six of the managing agents that underwrite in the market because of major concerns about their ability to implement Solvency II
10 September 2010
Lloyd’s motor insurers under the microscope
Lloyd's has imposed a boardroom overhaul on loss-making Lime Street motor underwriter Equity Red Star's Syndicate 218 as part of its review launched alongside a separate probe by the UK's Financial Services Authority (FSA)
10 September 2010
‘Cat bond-lite’ opens way to new players
Two ground-breaking "cat bond-lite" deals could open the market to smaller sponsors, Swiss fund manager Clariden Leu's ILS portfolio manager Michael Stahel predicts.
10 September 2010
New wave of ILS fundraising emerges as managers look to renewed investor interest
Insurance-linked securities (ILS) fundraising has gained momentum in recent months as fund managers look to take advantage of a rising appetite for diversity among institutional investors
10 September 2010
Gust of Euro wind opens cat bonds forecast
Up to four European wind bonds are tipped to come to the market in the second half of the year, which will help to take total catastrophe bond sales volumes to around the $5bn level predicted for 2010
10 September 2010
Apollo looks at Brit co-investments
Apollo is seeking support in the form of co-investors or quota share reinsurance capacity to help finance its proposed $1.3bn (£880mn) buy-out of Lloyd's insurer Brit Insurance, The Insurance Insider understands.
10 September 2010
Bank of America’s Balboa attracts wide interest
Bank of America (BoA)'s profitable forced placed insurance subsidiary Balboa Insurance is attracting attention from a number of sources including private equity firms
10 September 2010
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