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  • SCOR chairman and CEO Denis Kessler has confirmed the global reinsurer's interest in greater participation in the Lloyd's market, The Insurance Insider can reveal.
  • As underwriters continue to shy away from the troubled Gulf of Mexico (GOM) wind-exposed energy insurance sector, it seems that buyers are also beginning to vote with their feet and move...
  • 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.
  • Swiss Re will cut its workforce by 10 percent over the next 12 months as it looks to reduce costs under its newly appointed chief operating officer Agostino Galvagni.
  • UK regulator the Financial Services Authority (FSA) has formally ratified industry guidance developed by broker trade bodies around transparency, disclosure and conflicts of interest in the commercial insurance market.
  • Max Capital says it still expects its proposed merger with IPC Holdings to close in the coming months, as it questioned the rationale behind a rival bid for the Bermudian cat specialist from Validus Holdings.
  • Standard & Poor’s (S&P) has cut the ratings of a number of European insurers against the backdrop of continued deterioration of financial markets and a rapid contraction in the global economy that combine to “weigh significantly”...
  • Validus Holdings Ltd has come in with a rival offer to Max Capital’s for fellow Bermudian IPC Holdings.
  • UK insurance intermediary Towergate Partnership has denied reports that it is drafting in KPMG to advise on restructuring its £560mn in loans and debt facilities which it has used to fund an aggressive acquisition strategy.
  • Lloyd's posted another sharp fall in the number of run-off or 'open years' of account in 2008, continuing the trend started in 2007.