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  • Media reports have provided fresh background on the EUR3.25mn fine imposed by the Irish financial regulator on compatriot insurer Quinn Insurance (QIL) in 2008.
  • The controversial Scottish Lion solvent scheme of arrangement faces another hurdle before a date is fixed for its go-ahead hearing, following a dispute over the allocation of legal costs.
  • On the eve of publication of the European Commission (EC) Solvency II directive, (re)insurance groups and niche players are set to benefit from the proposed capital changes, but mid-sized, generalist companies may lose out, according to accounting firm P
  • Indian-based software exporter and outsourcing giant Satyam Computer Services Ltd - which was earlier this month hit by its founder and former chairman B Ramalinga Raju's confession to a $1bn fraud - had a $75mn limit in director's and officer's (D&O) lia
  • The keenly awaited case management conference for the Scottish Lion scheme of arrangement due to take place today (12 October) has been delayed. The meeting is thought to have been rescheduled for Wednesday (14 October)
  • The board of embattled Omega Insurance Holdings has extended an olive branch to its rebel institutional shareholders to head off a special general meeting (SGM), The Insurance Insider can reveal.
  • Following a freedom of information request, the FSA confirms that it has now undertaken two investigations into Lloyd's insurers. Who are they?
  • Talks are thought to be continuing between Invesco, one of the largest investors in the Lloyd's insurance market, and Omega Insurance Holdings, despite a hiatus in the war of words.
  • The race to buy Travelers' long-tail run-off portfolio - Unionamerica Insurance Company Ltd - has been whittled down to the serious bidders, with at least five major players vying for the acquisition, The Insurance Insider has learnt.
  • Insurers led by Tata-AIG are resisting claims brought by Indian IT and outsourcing giant Satyam Computer Services, according to local media reports.