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  • A principles-based rather than a rules-based approach not just to regulation but to running the entire industry should be embraced by the industry, according to Joe Plumeri, chairman and CEO of Willis.
  • Benfield Group’s dedicated approach to rebuilding its facultative operations following the defection of Elliot Richardson saw the reinsurance specialist swoop for Paragon International Insurance Brokers Ltd’s Julian Hall
  • Last year, the UK authorities unveiled the prospect of UK ISPVs as a sign they were listening to complaints about London’s relative lack of global competitiveness. So what has gone wrong?
  • Last month's SelectCat launch by Guy Carpenter was the latest in a line of index-based offerings to hit the market as brokers look to create alternative capacity for property catastrophe reinsurance risk.
  • By John Helmer in Washington
  • In a year where it would be nearly impossible to make an underwriting loss, Lloyd's revealed that insurers on its platform posted a "record" profit in 2006 of almost £3.7bn.
  • PRO Insurance Solutions Ltd, the proposed Scheme Manager of the WFUM Pools Scheme, has confirmed that the 14 WFUM pools scheme companies are applying to the UK High Court for sanction of the proposed schemes.
  • Flagstone shares forge ahead after shaky start; Wurtt gets Best A- despite rival downgrade; Nephila to grow weather market; Cuomo gets go-ahead for Liberty Mutual suit...
  • Private equity firm to buy Alea for £162mn; Xchanging in £400mn+ IPO bid; QBE launches PI division; Royal settles student loans dispute with MBIA; Lloyd’s welcomes UK tax cut...
  • The spectre of asbestos returned to haunt reinsurance giant Munich Re as it revealed in its full annual report a $600mn strengthening of loss reserves for related claims at its US operation.