September 2009/4

Jeffrey Greenberg’s private equity firm Aquiline Capital Partners has made an undisclosed investment in Rod Fox-headed TigerRisk to support the US reinsurance broker’s continued growth.

The Florida Office of Insurance Regulation and the Bermuda Monetary Authority have signed a Memorandum of Understanding (MOU) committing both parties to work together to share information and co-ordinate regulatory activities.

Richard Ward, the chief executive of Lloyd’s of London, spoke out last week at the long-term damage being done to the insurance market by the UK's uncompetitive corporate tax regime.

(Re)insurer credit default swap (CDS) spreads have continued to narrow through September, reflecting renewed confidence in the sector...

Lloyd's intends to establish a pilot scheme for claims handling in 2010 that will focus on segmentation, Lloyd's CEO Richard Ward told the inaugural meeting of the London Market Claims Council last week.

The EU is poised to move from being regulator to supervisor, as the European Commission launches legislation to create a pan-European insurance authority.

Swiss Re has launched a three-year $250mn Mexican wind and earthquake cat bond, as first predicted by The Insurance Insider's sister publication, Trading Risk.

The wide-ranging strategic review being undertaken by Lloyd's will be presented to its ruling body, the Lloyd's Council, at its monthly meeting in February 2010, The Insurance Insider can reveal.

Rodd Todd - the senior vice president and property underwriter for Ironshore Insurance - has received Lloyd's approval to start writing an international direct and facultative (D&F) book for the group's Pembroke Lloyd's Syndicate.

The global aviation insurance market is facing a challenging outlook as the historically significant airline renewal milestone of 1 October approaches this week.

Nick Jones, the former Heritage Syndicate 1200 lead underwriter, is set to be reunited with Jim Hays, The Insurance Insider has learned.

Willis Group's determination to reduce its debt burden encouraged Moody's to revise its outlook on the insurance broker from negative to stable last week.