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  • The European Parliament has once again pushed back the date for the full plenary session to consider the proposed Omnibus II Directive from 10-13 September to 22 October
  • A new listed ILS fund, DCG Iris, has raised £40.1mn in its initial public offering managed by Dexion Capital
  • (Re)insurance broker Lockton has continued the increasingly popular trend for building fac reinsurance business after launching a property division dedicated to the sector.
  • Andrew Carrier, the former active underwriter of Kiln’s Lloyd’s Syndicate 557 and the reinsurance division of its Syndicate 510, will join Bermudian firm Peleus Re later this year.
  • Guy Carpenter's Asia-Pacific Climate Impact Center (APCIC) over-estimated tropical cyclone activity in the Western-North Pacific region in 2009, the broker said in a review.
  • American International Group (AIG) may be forced to take more than $8bn of MetLife stock in lieu of cash if it wants to get life subsidiary Alico off its hands, according to US reports.
  • Bermudian reinsurers Montpelier Re Holdings Ltd and Platinum Underwriters Holdings Ltd revealed mixed results for the second quarter as favourable reserve development helped mitigate the impact of softening market conditions on the bottom line.
  • Hector Sants revealed he would stand down as CEO of UK regulator the Financial Services Authority (FSA) last week.
  • Former American International Group (AIG) chief Hank Greenberg is set to go on trial on 2 May in a New York state lawsuit alleging he used bogus transactions to disguise the insurer's financial state.
  • A New York Supreme Court judge has denied US broker Alliant's bid to dismiss a lawsuit filed by its larger rival Aon over an executive poaching row linked to Peter Arkley