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UK to hand back systemic oversight to Bank of England
The UK Chancellor of the Exchequer, George Osborne, has confirmed he plans to hand back responsibility for systemic risks and oversight of banking supervision to the Bank of England (BoE).
16 June 2010
Jardine to become deputy chairman of Council of Lloyd's
Paul Jardine, COO of Catlin - the largest syndicate at Lloyd's by stamp capacity - is set to take the reins as deputy chairman of the Council of Lloyd's following the retirement of Ewen Gilmour earlier this month.
16 June 2010
Aspen targets UK expansion with Fusion founders
Bermudian Aspen Insurance Holdings is making good on its strategy to expand its UK arm after securing the services of Fusion founders Kevin Pallett and Geoff Crisp to build its regional platform in the country.
16 June 2010
Tolle returns to Lime Street with Beazley Furlonge appointment
Former Lloyd's franchise performance director Rolf Tolle is to join the board of Lime Street managing agency Beazley Furlonge - his first appointment since his retirement in December.
16 June 2010
Former Stanford liquidator Vantis suspends shares
AIM-listed accounting firm Vantis has been forced to suspend shares and its CEO and another director have resigned after conceding that the firm may not be able to continue as a going concern.
15 June 2010
ZFS eyes life move to Dublin
Zurich Financial Services (ZFS) is in talks with UK watchdog the Financial Services Authority (FSA) over a plan to create a single headquarters in Ireland for the European arm of its life operation, according to reports.
15 June 2010
Massachusetts pool to sell $100mn+ cat bond
Munich Re has launched a $100mn+ cat bond on behalf of the Massachusetts state-sponsored windstorm insurance pool in a deal which is expected to close on 1 July.
15 June 2010
Apollo’s Brit approach: What the analysts said
As Brit shares surged in the wake of the revelation of Apollo's approach, analysts were divided on what constituted a fair price for the UK insurer and on its merits as a takeover target.
14 June 2010
People moves
Long new group president at Lib Mut; Redhead to leave DE Shaw;
14 June 2010
CTC makes run-off acquisition
UK insurance services provider Charles Taylor Consulting plc (CTC) has acquired Guernsey- registered Finistere Life Assurance Company Limited from the Carey Group.
14 June 2010
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