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Legacy market’s Norwich rendez-vous encore
One of the largest gatherings of the UK and international P&C legacy market takes place this month with the R&Q commutations Rendez-Vous in Norwich, UK.
04 June 2010
FSA 10% budget rise despite uncertain future
UK regulator the Financial Services Authority (FSA) has upped its budget by almost 10 percent to £454.7mn for the next financial year.
04 June 2010
Financial regulator slams UK broker anti-bribery controls
Broking houses in the UK approach higher-risk business involving third parties "far too informally", according to the Financial Services Authority (FSA).
04 June 2010
Osborne rekindles hope on London 100 tax proposals
The new UK chancellor George Osborne has hinted that the coalition government would not dampen the Conservatives' commitment to review a tax policy paper prepared by The Insurance Insider's London 100 group.
04 June 2010
Senate vote brings US insurance regulator closer
US Senate approval of the Democrats' sweeping Wall Street regulatory reform bill has all but cemented the creation of an Office of National Insurance (ONI) within the Treasury.
04 June 2010
Kingsway back to black but Lincoln threat lingers
Kingsway Financial Services (KFS) returned to the black in the first quarter, despite a net operating loss and its combined ratio ballooning by 30.4 percentage points from a year earlier to 136.2 percent.
04 June 2010
Swiss Re and Lloyd’s hit with $640mn lawsuit
Swiss Re and six Lloyd's syndicates have been named as defendants in a US lawsuit over alleged non-payment of claims, in which diamond wholesaler Lazare Kaplan (LKI) is seeking $640mn in damages.
04 June 2010
Stanford underwriters stand firm
Disgraced financier Allen Stanford has written personally to the US judge presiding over the Stanford Financial Group (SFG) directors' and officers' (D&O) dispute to ask to be allowed his own choice of counsel.
04 June 2010
CRC fights back in Chicago over Ryan raid
US wholesaler CRC Insurance Services has moved its legal fight over 120+ staff that defected to new rival Ryan Specialty Group (RSG) last month to the Chicago courts.
04 June 2010
Trading Risk briefs
Guy Carp unveils new capital markets CEO; TigerRisk expands; Glacier's Nelson Re review pulled
04 June 2010
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