September 2009/3

Lloyd's insurer Amlin is set to become a partner to the Heineken Cup and the European Challenge Cup...

Ratings agency Fitch has changed its outlook on Novae Group's UK FSA-authorised insurance subsidiary, Novae Insurance Company Ltd (NICL), from stable to negative.

The US and UK regulatory authorities have announced that they are collaborating on reporting and other regulatory requirements for key financial market participants.

The latest version of changes proposed by US insurance regulators' club the National Association of Insurance Commissioners (NAIC) are set to be voted upon at the association's fall meeting this week [24 September].

UK regulator the Financial Services Authority (FSA) has highlighted a trend of "significant weaknesses" in due diligence and monitoring of third-party relationships and payments across the commercial insurance broker industry.

Eighty-one percent of UK insurance executives think that if the UK government fails to improve tax competitiveness there will be a drop in the number of insurance firms based in Britain.

The Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) saw an emerging divide between the proposed directive and separate plans for a new...

Warren Buffett passed on the chance to buy a "very large" property and casualty (P&C) operation valued at some $25bn from American International Group (AIG), just as the financial crisis was breaking this time last year.

French (re)insurer Scor is seeking to reduce its 97-98 percent near-term combined ratio by saving on its retrocession purchase, according to a recent analyst report.

After Lloyd's (re)insurers submitted their 2010 business plans to the franchise department last week, the 300 year-old market will begin next year at its largest ever size in terms of capacity.

The IPC property catastrophe book is to be re-underwritten, but its new owner Validus Holdings wants to take on the "vast majority" of the business it has acquired, according to Conan Ward, CEO of Validus Re.

The Lloyd's second syndicate capacity auction took place last week, with average prices up once again on last year.