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Starr and Chubb team up over workers’ comp
Chubb has agreed to provide US insurer Starr International with workers' compensation coverage for its construction, energy and environmental customers.
23 March 2010
Marsh’s expanding agency arm makes its largest acquisition
Marsh & McLennan Agency (MMA) has bought US mid-tier independent broker Thomas Rutherfoord for an undisclosed sum, as it continues to build a nationwide business through acquisitions.
23 March 2010
De-risked Swiss Re removed from negative watch
Moody's has taken Swiss Re off negative watch in response to the reinsurer's efforts to de-risk its legacy and investment portfolios.
23 March 2010
Hartford fails to impress S&P with $3.4bn buyback
Hartford Financial Services Group will buy back $3.4bn of its shares issued under the US government's bailout scheme, following a dramatic return to profit in 2009.
23 March 2010
Minster wins scheme go-ahead; Camomile closure plans blossom
A June creditor meeting date has been fixed for the proposed Camomile solvent scheme, setting the pace for the run-off market just days after the UK High Court gave an all-clear to Minster.
23 March 2010
R&Q guides 2009 earnings upwards
Despite the devastating Equitas judgement last year, the UK quoted run-off investor and service provider Randall & Quilter (R&Q) now says it should break even following a "more favourable claims experience" in its insurance division.
23 March 2010
FSA to hire 460 new regulators for Solvency II and more “confrontational” approach
The Financial Services Authority (FSA) has set out a demanding 2010 programme, requiring greater resources and an "inherently more confrontational and risky" approach.
23 March 2010
FSA warns on reserving; reassures that industry is ‘different’ from banking
The UK regulator Financial Services Authority (FSA) has called on the insurance industry to go back to basics and focus on turning an underwriting profit.
23 March 2010
Leadership question continues as Generali’s profits grow
A surge in profits for Italian insurance giant Generali has been overshadowed by continuing speculation about the company's leadership, after 85 year-old chairman Antoine Bernheim confirmed last month that he would not seek another term.
23 March 2010
FSA tells insurers “we are on your side” on Solvency II
The Financial Services Authority (FSA) has acknowledged that there are "major unresolved issues" with Solvency II as it fights hard at the Europe-wide level to secure the best possible deal for UK-regulated firms.
23 March 2010
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