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  • The introduction of the European Union (EU) Solvency II directive in 2010 will have little immediate impact on credit ratings of European insurers but many fuel merger and acquisition (M&A) activity, according to a report by Fitch Ratings.
  • 2009 was a good year for Marsh & McLennan Companies (MMC) but the economic travails and a legacy from the dark Spitzer days overshadowed the group's full-year results.
  • Following his targeting of uber broker Marsh for its use of PSAs (see Insider Week passim), New York attorney-general Eliot Spitzer has now set his sights on another Marsh & McLennan (MMC) subsidiary, namely Mercer Human Resource Consulting.
  • Kiln plc has become the first Lloyd’s insurer to ask third party capital providers to put up additional capital to cover losses from last year’s storms. Members of Syndicate 557’s 2005 underwriting year are being asked to contribute...
  • Lloyd's sector star Amlin plc saw its share price climb around 8 percent last week following entry on to the Dow Jones STOXX select dividend 30 index.
  • The number of US securities class actions increased in 2004 as shareholders continued the willingness to support actions against publicly traded stocks.
  • Canopius Managing Agents CEO Clive Watson is to leave the Lloyd's (re)insurer with effect from 1 October.
  • UK regulator the Financial Services Authority (FSA) last week fined London-based HSBC Insurance Brokers £700,000 for not having adequate systems and controls in place to protect its customers' confidential details.
  • The international insurance segment of XL has revealed a new structure at its primary casualty business, which serves large corporations in Europe, Asia, Australia and Latin America.
  • Lloyd's Names will be able to give their views on Hampden Private Capital's acquisition of the Names' advisory business of CBS Private Capital after receiving a questionnaire from the Competition Commission last Friday (11 August).