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  • The chief executive of UK regulator the Financial Services Authorty (FSA), Hector Sants, spelt out a move away from the organisation’s traditional principle-based regulatory approach in a speech last week.
  • A political storm is once again brewing over bonus payouts at stricken insurance giant American International Group (AIG).
  • Outgoing Hannover Re CEO Wilhelm Zeller said the 11 percent rate increases it saw in its US catastrophe lines at the key 1/1 renewals are "encouraging but frankly not enough...
  • Up-for-sale Lloyd's insurer Chaucer Holdings – which last week posted a better-than-expected loss for 2008 – is mulling a number of approaches after the deadline it set for formal bids passed last Thursday (12 March).
  • Adrian Fox – the underwriter at the centre of a challenging financial institutions (FI) reinsurance programme renewal for Aspen Insurance Holdings – has resigned from the company, The Insurance Insider revealed today.
  • Max Capital has announced that it intends to further reduce its investment allocation to alternative assets from 14 percent to a 10-12 percent range at the end of 2008.
  • Paris Re posted solid full-year results for 2008, increasing tangible shareholder's equity by 8.3 percent over the year, despite taking a heavy impact from Hurricane Ike.
  • Proposers of the Scottish Lion solvent scheme of arrangement are confident it will be sanctioned at a hearing in early July, as votes are totted up from its 2 March creditors' meeting.
  • Kiln Group chief operating officer Marion Madden has resigned from the Lloyd’s (re)insurer, The Insurance Insider can reveal.
  • Following a number of leaks and counterleaks in recent weeks, AIG has detailed the counterparties that have benefited from the $95.7bn in collateral and other payments made out of bail-out funds since its first government rescue last September.