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  • Any injury-related costs from a mining explosion in New Zealand are unlikely to impact the international insurance industry as accident cover is provided by a national compensation scheme.
  • The National Association of Insurance Commissioners said that it will step up its efforts to overhaul reinsurance regulation in the US before addressing the collateral charges faced by alien reinsurers.
  • QBE Limit and Markel International's UK High Court showdown with broker Surety Guarantee Consultants Ltd (SGC) and other defendants over construction bond fraud allegations has been postponed until next year.
  • Big four accountancy firm PricewaterhouseCoopers (PwC) has appointed David Law to head up its offerings to insurers across the globe.
  • Bermuda, Japan and Switzerland will be first in line for assessment to see whether they merit "equivalency" recognition under the Solvency II accounting regime before it starts in 2012.
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  • Cat modeling pioneer Jayant Khadilkar has joined US reinsurance broker TigerRisk as a partner. The move sees him reunited with former RenRe CEO and TigerRisk co-founder Jim Stanard.
  • Administrators PricewaterhouseCoopers (PwC) announced today a final payment of 76.75 percent to creditors under the Trinity Insurance Company Ltd scheme of arrangement.
  • Rating agency Standard & Poor's (S&P) has updated its insurance capital model to include an explicit allowance for diversification.
  • Expectations of 2002 year profits for Lloyd's, after several disastrous years, could push the market’s capacity over £14bn for 2003, according to ratings agency Fitch. Karen Sinden, an analyst with Leadenhall Insurance Consultants, sees this as a reali