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  • The Financial Services Authority (FSA) has fired a shot across the bows of UK-regulated insurance companies, warning that if they do not accelerate preparations for Solvency II they will not be ready by the current 2012 go-live date.
  • The flurry of litigation against the rating agencies following the sub-prime meltdown continues unabated.
  • Warren Buffett declined requests from Lehman Brothers' management for support both shortly after Bear Stearns collapsed in March 2008 and then again in the run-up to the investment bank's fall in September of that year.
  • Minster Insurance, the Audley Gilroy-owned firm's proposed solvent scheme of arrangement, tomorrow (16 March) will find out finally if it has the go-ahead in the UK High Court.
  • The controversial Scottish Lion solvent scheme of arrangement faces another hurdle before a date is fixed for its go-ahead hearing, following a dispute over the allocation of legal costs.
  • GCFac is understood to be losing the head of its London-based retro facultative operations, Gary Barnett, to rival Aon Benfield Fac, sister publication Inside FAC has revealed.
  • Firms cannot afford to be ignorant of data protection rules and information security issues given the harder line taken by UK and European Union regulators, lawyers have warned.
  • MarketScout is to set up a wholesale brokerage and managing general agent after securing the services of former Crump CEO Glenn Hargrove.
  • Lobby group the Association of Bermudian Insurers and Reinsurers (ABIR) has told the US House of Representatives that proposed subsidised federal reinsurance legislation is "not sound public policy".
  • The US may suffer an "extreme" hurricane season in 2010 after an exceptionally benign 2009, according to AccuWeather.com.