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Former Gen Re unit chief banned by FSA
UK regulator the Financial Services Authority (FSA) has won its case before the Financial Services and Markets Tribunal to ban former General Re executive Milan Vukelic from working in the financial services industry in the UK.
06 April 2009
BRIEFINGS
Solvency II compromise could fuel branch growth; EC antitrust stance leaves scope for further lobbying; US capital relief requests; Federal regulation edges closer
06 April 2009
International News Digest
Bermuda calls in McKinsey; Cash out at Juniperus; Former Gen Re CFO receives 18 months for $500mn fraud; Deutsch leaves Ironshore; FASB eases fair value rules; G20: Rating agencies to be regulated; Heritage opens Dubai office
06 April 2009
Job cuts signal new approach at Swiss Re
Swiss Re's efforts to rehabilitate itself with investors will include cutting its workforce by 10 percent over the next 12 months and streamlining its global operations under new chief operating officer Agostino Galvagni.
06 April 2009
London News Digest
Lloyd's bolts on Berkshire exec; Pembroke expands capacity - confirms Liberty hires; Allianz led $18.5mn North Sea helicopter loss; Former Gen Re exec in FSA ban; Colemont takes Aon duo; Turner attacks EU passporting; Ark builds on strong first year; Case
06 April 2009
COURTWATCH - Exclusive analysis of UK dispute filings
Welcome to The Insurance Insider's regular section, Courtwatch, dedicated to providing analysis on all UK litigation involving (re)insurers with a particular mandate to focus on the impact of the credit crunch…
06 April 2009
Deutsche Rück sets scheme date
Deutsche Rück has scheduled an 18 May creditors' meeting to test the waters for approval of its solvent scheme of arrangement.
06 April 2009
Lloyd's may adopt riskier strategy in search of investment returns
Without the fillip of significant reserve releases to boost results in 2009, Lloyd's director of finance, risk management, and operations, Luke Savage, also sounded a warning on investment returns.
06 April 2009
Lloyd's pipeline active as former execs plan return
Interest in accessing the Lloyd's platform continues unabated with a number of pipeline ventures thought to be in the early process of engaging the Corporation for a late 2009 or early 2010 start.
06 April 2009
Copenhagen Re sale talks continue
Copenhagen Re, the Danish reinsurer that was a victim of the industry's 2001 WTC losses, has now drawn up a short-list of bidders for the run-off company, The Insurance Insider can reveal.
06 April 2009
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