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  • The opaque, but growing, practice of brokers charging payments from insurers to place business with them has been attacked by an influential US think tank as “potentially damaging”. The Washington Legal Foundation (WLF) urged senior industry regulators
  • A number of Lloyd's brokers will award bonuses early to dodge the UK tax rate rise for those earning more than £150,000 a year, which starts next month, The Insurance Insider can reveal.
  • Warren Buffett-led Berkshire Hathaway suffered catastrophe losses of $500mn in the industry's bruising first quarter.
  • Ark Syndicate Management, the private equity backed Lloyd's insurer formed in March from a team of senior underwriters who resigned from Aspen Insurance Holdings last year...
  • With today the deadline for syndicates to inform Lloyd's of their estimated Sandy losses, we examine whether Lime Street may suffer higher Sandy losses from binders business than it does from property treaty accounts
  • Lloyd’s insurer Hiscox became the latest carrier to warn over the slide in US D&O rates last week. Hiscox, which dipped a toe into the market following the sector’s significant rate rises in 2002, explained “this is a very small business for us and wil
  • Rating agency Standard & Poor’s (S&P) have removed Bermudian energy mutual Oil Insurance Ltd (OIL) from CreditWatch with negative implications and affirmed its A-counterparty credit and financial strength ratings. The outlook is negative.
  • Aon UK announced today (22 June) that it will soon have the ability to trade electronically across all its London market lines of business.
  • Aegis scoops Odyssey Re hire for treaty expansion; Validus hires former Swiss Re executive for board
  • Bermudian (re)insurer ACE was the topic of much conversation last week as analysts published conflicting and, at times, controversial equity research on the company.