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EU to launch pan-European insurance supervisor
The EU is poised to move from being regulator to supervisor, as the European Commission launches legislation to create a pan-European insurance authority.
23 September 2009
Cathedral reigns in 2010 expansion plans
Short-tail specialist Cathedral Underwriting has become the latest Lloyd’s (re)insurer to reign in its 2010 expansion plans because market conditions are not as buoyant as initially expected.
23 September 2009
Amlin enters three-year rugby sponsorship deal
Lloyd's insurer Amlin is set to become a partner to the Heineken Cup and the European Challenge Cup...
22 September 2009
Willis outlook improves on debt reduction strategy
Willis Group's determination to reduce its debt burden has encouraged Moody's to revise its outlook on the insurance broker to stable from negative.
22 September 2009
TSM Syndicate 1110 close to 2010 launch
TSM Agencies' Syndicate 1110 is close to joining the Nick Jones Apollo start-up in receiving indicative approval by Lloyd's to begin underwriting in 2010, The Insurance Insider understands.
22 September 2009
Fitch goes negative on Novae subsidiary
Ratings agency Fitch has changed its outlook on Novae Group's UK FSA-authorised insurance subsidiary, Novae Insurance Company Ltd (NICL), from stable to negative.
21 September 2009
Latest draft of NAIC reinsurance reform set for vote
The latest version of changes proposed by US insurance regulators' club the National Association of Insurance Commissioners (NAIC) are set to be voted upon at the association's fall meeting this week [24 September].
21 September 2009
FSA flags up anti-bribery and corruption concerns in commercial broking
UK regulator the Financial Services Authority (FSA) has highlighted a trend of "significant weaknesses" in due diligence and monitoring of third-party relationships and payments across the commercial insurance broker industry.
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
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
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