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US crop proposals to scythe reinsurer profits
The US crop insurance model is under threat from proposed changes to legislation that could slash expected profits for reinsurers and drive them away from participating in the business.
13 April 2010
Chaucer shares climb on takeover speculation
Shares in quoted Lloyd's insurer Chaucer Holdings have continued to climb today (12 April) as rumours persist of an imminent takeover bid.
13 April 2010
People moves
DeLemps in for Cash at Endurance; Marsh announces new Latin America CEO; Mitsui's Guest becomes higher education non-exec
09 April 2010
News in brief
Axa Asia Pacific green-lights takeover move; JLT's non-advisory arm renamed Thistle; Tower Group estimates up to $9.1bn hit from US storms.
09 April 2010
Ceiops publishes latest Solvency II guidance
The Committee of European Insurance and Occupational Pensions Supervisors (Ceiops) has published new guidance on the pre-application process for insurers working towards approval of an internal Solvency II (SII) model.
09 April 2010
Brazilian regulator loses head to election
Brazilian financial regulatory authority SUSEP has lost its chief to the country's upcoming general election, as Armando Vergilio dos Santos stepped down to stand for Congress.
09 April 2010
OIL may change windstorm coverage further
Energy mutual OIL announced that it will continue to evaluate adjusting its windstorm coverage after revealing net income of $1.1bn for 2009 - a significant reversal from a $1.4bn loss in 2008.
09 April 2010
FSA fines hit record £33mn as intrusive approach takes grip
UK regulator the Financial Services Authority (FSA) booked a record £33.1mn in fines last year (to 31 March), beating its previous record by 21 percent, as it steps up its increasingly intrusive approach.
09 April 2010
Moody’s outlook on Towergate slips to negative
Concerns over Towergate Partnership's off balance sheet debt obligations have led rating agency Moody's to revise its outlook for the UK broker consolidator from stable to negative.
09 April 2010
Italian P&C market can expect tough 2010
Trading conditions in the Italian non-life market are likely to continue to be tough this year after a difficult 2009, according to a note from Fitch Ratings.
09 April 2010
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