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  • John Tiner, CEO of UK regulator the Financial Services Authority (FSA) has challenged the London Market to improve contract certainty and to move to a more transparent and efficient business model.
  • The chief executive of Aspen Insurance Holdings’ US specialty insurer Aspen Specialty Insurance Company has resigned after admitting he supplied false information about his “educational credentials” in regulatory submissions.
  • Fast-growing Bermudian post-9/11 start-up Endurance Specialty saw it’s A- Standard & Poor’s ratings outlook updated from stable to positive last week (13 December) on the back of its “strong competitive position, which is supported by a diversified busine
  • Canadian holding company Fairfax Financial Holdings has announced the closure of its issuance of $300mn of subordinate voting shares (2,406,741 shares) to a number of institutional investors, including Markel Corporation ($100mn) and Southeastern Asset Ma
  • Japanese insurers Sompo Japan Insurance Inc and Aioi Insurance Co Ltd have each taken a 3 percent stake in a company formed by People’s Insurance Company of China Property and Casualty Co (PICC), the largest non-life company in China. Each insurer has in
  • As first reported in December’s edition of Insider Week sister publication The Insurance Insider, brokers Aon has gone public with Aon Broking Connections (ABC), its integrated electronic messaging platform.
  • In the December edition of The Insurance Insider, we referred to the "Citibank backed Independence Re" in the article "Hedge Funds gamble on reinsurance".
  • The Bermudian reinsurer Rosemont Re warned last week that its 2004 result is likely to be break even at best after upgrading the loss estimates from this year’s storms.
  • Fears over deteriorating conditions in the market for US Directors’ and Officers’ insurance (D&O) have been confirmed by actuarial consulting firm Tillinghast in its annual survey on the sector.
  • Nine months into its merged existence, US insurer The St Paul Travelers revealed last week (16 December) that it plans to slash the size of its board from 23 to a proposed 13 members.