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FSA and SEC to share data
The US and UK regulatory authorities have announced that they are collaborating on reporting and other regulatory requirements for key financial market participants.
21 September 2009
Buffett declined to buy $25bn AIG P&C operations
Warren Buffett passed on the chance to buy a "very large" property and casualty (P&C) operation valued at some $25bn from American International Group (AIG), just as the financial crisis was breaking this time last year.
21 September 2009
Scor looks to ease combined ratio with lower retro costs
French (re)insurer Scor is seeking to reduce its 97-98 percent near-term combined ratio by saving on its retrocession purchase, according to a recent analyst report.
21 September 2009
Lloyd's 2010 capacity still set for record after submission deadline
After Lloyd's (re)insurers submitted their 2010 business plans to the franchise department last week, the 300 year-old market will begin next year at its largest ever size in terms of capacity.
21 September 2009
Levene defends UK financial services
Lord Peter Levene, chairman of Lloyd's, has lambasted those who question whether the competitiveness of the City should take precedence in the UK, insisting it is "an absolute priority".
21 September 2009
Worst is past on hurricane risk; 2009 earning forecasts too low?
The industry is effectively two-thirds of the way though the worst of the North Atlantic hurricane season, provoking a leading (re)insurance analyst to suggest the prospect of better-than-expected earnings this year.
21 September 2009
Legacy industry debates ramifications of Scottish Lion ruling
Scottish judge Lord Glennie's comments on the fundamental issue of fairness effectively halted the Scottish Lion solvent scheme of arrangement and could block progress on schemes currently in the pipeline.
21 September 2009
People moves
Shipley to head Equitas; Torus builds out construction team; Housley leaves Axis; WR Berkley establishes oil and gas specialty unit; Marsh extends Duperreault contract
21 September 2009
News in brief
Markel announces $350mn debt offering; QBE acquires Cigna portfolio; JLT partners with Beazley on E&O programme...
21 September 2009
Marsh and Aon neck-and-neck as largest captive managers
Marsh has acquired International Advisory Services (IAS) - Bermuda's largest independent manager of captive and third party insurance companies - adding over 150 captives to its portfolio.
21 September 2009
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