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  • The EU is poised to move from being regulator to supervisor, as the European Commission launches legislation to create a pan-European insurance authority.
  • 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.
  • Lloyd's insurer Amlin is set to become a partner to the Heineken Cup and the European Challenge Cup...
  • 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.
  • 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.
  • 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.
  • 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].
  • 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.
  • 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.
  • 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.