September 2013/4

Legacy-to-live specialist Enstar Group has completed the takeover of Arden Reinsurance in collaboration with private equity firm Stone Point.

Weekly share price movements and key data on The Insurance Insider's universe of P&C (re)insurers and brokers

The CEO and chairman of Riverstone, Nick Bentley, has said that having live operations within the Fairfax Financial Holdings group allowed it to be more competitive in its ASI bid

The UK Prudential Regulation Authority has issued two surprise proposals that could block the use of solvent schemes of arrangement and impose higher capital requirements for capital extractions

Scor is attempting to open up the French property cat reinsurance market by mounting a legal challenge against the quasi-monopoly of CCR

A UK court ruled last week that the police must compensate insurers RSA and Mitsui Sumitomo for millions of pounds in claims they paid out after a Sony distribution warehouse in north London was damaged during the 2011 riots.

Bermudian (re)insurer Arch has reached a $42mn settlement with the Tennessee Valley Authority, ending the first of three on-going coverage disputes relating to a toxic waste spill deemed to be among the largest in US history

A New York district court approved General Reinsurance Company's $72mn settlement with American International Group (AIG) shareholders over long-running claims that it was involved in bogus reinsurance deals and accounting fraud.

The European Parliament has postponed a key vote on the proposed Solvency II capital regime for insurers from October to 11 March 2014

A panel of UK lawmakers has delayed the publication of a list of insurers and other firms that used rogue private investigators to illegally gather information about their customers until next month at the earliest.

Benjamin Lawsky, the increasingly activist New York financial services superintendent, has threatened to pull New York out of the state-wide system of life insurance regulation outlined by the National Association of Insurance Commissioners (NAIC).

The UK's Prudential Regulation Authority (PRA), the branch of the Bank of England responsible for monitoring the stability of the financial system, is scrutinising the burgeoning insurance-linked securities (ILS) market amid concerns it could allow insurers to transfer risk too cheaply.