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  • Lloyd's and international specialty (re)insurer Hiscox has hired executives from troubled American International Group's (AIG) specialty subsidiary Lexington, The Insurance Insider understands.
  • In the article “S&P warns on Bermuda; start-up returns questioned”, published in last Monday’s Insider Week...
  • Legislation to reform the Lloyd's Act 1982 officially came into force last week (19 November) in a move that the UK government said will modernise the operation of the world’s oldest insurance market.
  • Nervous equity markets were given a dose of Calpol today following news late last night that the US government would inject $20bn into Citigroup to prevent a collapse that would cause global financial chaos.
  • A consortium led by Chinese sovereign wealth fund China Investment Corp, together with Chinese insurers including China Life Insurance Co, is negotiating with American International Group (AIG) to buy up to a 49 percent share of its...
  • Lloyd's (re)insurers are revising their 2009 business plans upwards as they spy greater opportunities in 2009 from the fall-out of American International Group (AIG) and suggestions that market rates will turn upwards.
  • Eric Dinallo, superintendent of the New York Insurance Department, has pulled plans for the state to regulate credit default swaps (CDS) it considers insurance.
  • BMS Group brought its claims of conspiracy and gross breach of duty against former senior employees, competitor CJ Coleman & Co (CJC) and its CEO David Merry to the UK High Court today (20 November).
  • Run-off provider PRO Insurance Solutions has become an accredited Lloyd's run-off broker, gaining full access to the London market accounting and settlement systems.
  • The timetable for implementing Solvency II is likely to be delayed to 2013 as the proposal for European-wide insurance regulation struggles in murky political waters and amidst the current financial turmoil.