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Morgan Stanley plays down Eurozone sovereign default fears
Analysts from Morgan Stanley believe sovereign defaults from Eurozone members or other developed countries are "extremely unlikely", and consider insurers well placed to ride out the current sovereign debt storm.
16 February 2010
Confidential LMG report exposes major failings in flagship London reform project
A damning internal report has identified widespread malpractice in the management of the London Market Group (LMG)'s flagship eAccounting project, The Insurance Insider can reveal.
16 February 2010
Soros launches Bermuda cat fund with former Ren Re execs
Former RenaissanceRe executives Bill Riker and Michael Cash have completed their first collateralised reinsurance transactions for Q Re (Bermuda) Ltd - a new, class 3 Bermudian reinsurer backed by legendary investor George Soros.
16 February 2010
People moves
Lloyd's (re)insurer hires Bermuda heavyweights; Catlin returns to Swiss Re for new CIO.
10 February 2010
Hyperion defies market to write a third more premium
The underwriting agencies of private equity-backed Hyperion increased its gross written premium by a third in 2009, as the company continues its rapid expansion.
10 February 2010
Lawyers hit out at double regulatory change
Proposed regulatory changes from the Financial Services Authority (FSA) have been attacked because - along with Solvency II - they will mean that insurers have to work under three different regulatory regimes in two years.
10 February 2010
Crucible claim against Lloyd’s dismissed
A US district judge has thrown out a lawsuit filed by now-defunct steel producer Crucible Materials Corp against a group of Lloyd's underwriters, after a longstanding battle over environmental claims.
10 February 2010
Scottish Lion ruling welcomed, but sanction hangs in balance
The Scottish Appeal Court dealt "very clearly" with the concern created in the run-off market by the first instance dismissal of the proposed Scottish Lion scheme of arrangement, says law firm Reynolds Porter Chamberlain (RPC).
10 February 2010
Tower to build personal lines around $180mn OceanBeacon acquisitions
Expansive US insurance group Tower Group has snapped up the personal lines activities of White Mountains subsidiary OneBeacon Insurance Group for $180mn, to form the backbone of a new $700mn revenue business.
10 February 2010
Jubilee syndicate merger approved
Jubilee has received Lloyd's approval to merge its motor and property and personal line syndicates, as first revealed by The Insurance Insider in November last year.
10 February 2010
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