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  • The chairman of Lloyd's, Lord Levene, is to take a senior executive role at an ambitious new UK banking venture that will target Northern Rock and other government-controlled financial assets
  • The proposed solvent schemes of arrangement for the Camomile Pool companies have been granted sanction by the UK Hugh Court, The Insurance Insider can reveal
  • Big four accountancy firm PricewaterhouseCoopers (PwC) has appointed David Law to head up its offerings to insurers across the globe.
  • The UK's Financial Services Authority (FSA) has banned three insurance executives who defrauded Markel International Insurance and QBE (Europe) in 2005 while acting as coverholders for surety bond business.
  • Buffy laments the recent madness of UK motor
  • Shore Re raises $100mn but class B notes flunk; Manning leaves Deutsche Bank; Avalon Re C notes incur $13mn loss 
  • Stanford to stand solo in criminal trial; Liquidator Vantis calls in the administrators
  • TigerRisk pips Aon; Two Marsh bid-rigging convictions quashed; Aon wins and loses; Price Forbes hires; Marsh backs Goss
  • Europe's (re)insurers have called on policymakers to recognise that the industry differs significantly from banking as tougher regulations are drawn up for the financial services sector.
  • The US Securities and Exchange Commission (SEC) has dropped its federal probe into Joseph Cassano, the former head of American International Group (AIG)'s blighted London-based Financial Products division (AIGFP).