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

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.

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.

The Hartford Financial Services Group has hired former American International Group (AIG) senior executive Stephen Whelan to replenish its recently raided financial products division, along with 18 other new appointments, The Insurance Insider has learned

Scottish judge Lord Glennie's comments on the fundamental issue of fairness effectively halted the Scottish Lion solvent scheme of arrangement and could block progress on schemes currently in the pipeline.

The seventh and final executive convicted over a fraudulent $500mn reinsurance deal that misled investors about American International Group (AIG)’s financial health has been sentenced to two years probation and fined $10,000.

Bermuda is set to lose another major broker, with the news that the Willis board has decided to change the domicile of its group holding company from Bermuda to Ireland.

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.

As US regulatory authorities confirm discussions to "level the playing field" over contingent commissions, it has been estimated that MMC could earn more than $250mn a year if the controversial arrangements are allowed to return.

The industry is effectively two-thirds of the way though the worst of the North Atlantic hurricane season, provoking a leading (re)insurance analyst to suggest the prospect of better-than-expected earnings this year.