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  • So the all-encompassing UK regulator the Financial Services Authority (FSA) is to be filleted into three bite-size sections by its new political masters. So what?
  • UK (re)insurers are to come under the regulatory control of a new subsidiary of the Bank of England (BoE), provisionally entitled the Prudential Regulation Authority (PRA), it emerged last week.
  • It looks as if the week ahead will be crunch time for Brit Insurance as it comes under increasing pressure from investors to negotiate over the initial bid it rejected from US private equity firm Apollo.
  • UK (re)insurers are to come under the regulatory control of a new subsidiary of the Bank of England (BoE), provisionally entitled the Prudential Regulation Authority (PRA), it emerged yesterday (17 June) in Westminster.
  • The London market has a "huge opportunity" to make itself the market of choice for the liability programmes of major corporates and financial institutions if it can generate the capacity for major catastrophic risks that the market is sorely lacking, according to the head of placement at Marsh's financial and professional lines business Matthew Rolph
  • The Met Office has predicted 20 North Atlantic tropical storms between July and November this year as it confirmed its expectation for an active hurricane season.
  • Last night (16 June) new UK Chancellor of the Exchequer George Osborne gave further details of a radical overhaul of financial regulation in his first keynote speech since taking office in May.
  • 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).
  • 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.
  • 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.