Of Special Interest

24th April 2011

The Global Week
Opinion

First quarter results began to trickle in with Platinum Underwriters indicating the extent of Japanese earthquake losses, the most visited article.
A survey indicated the potential inconsistency of national regulators over Solvency II compliance, the Financial Services Authority (FSA) is to focus its resources on larger and higher risk insurers, and EDHEC-Risk Institute are to design new investment benchmarks to assist smaller insurers through the new regulatory regime.
Aon Benfield has produced its latest report on the financial strength of reinsurers, and ISO and PCI analysed the collective performance of US p & c carriers last year..
AIG moved some asbestos liabilities to Berkshire Hathaway, Cooper Gay is to restructure in Latin America, The Hanover has moved for Chaucer, and Hannover Re has acquired a reinsurance book from Scottish Re. JLT has received the regulator nod in South Africa, Prudential's failed bid for AIA is to be the subject of an investigation, MetLife has merged two Chinese joint ventures, and RSA ratings have been upgraded by Fitch.
It's been a busy week for managemement announcements with chairman appointments at Lloyd's and Tiowergate, and a senior shuffle at Marsh McLennan.
A report on the use of telematics in motor insurance indicates support across age ranges, Barrie & Hibbert have signed up Great Eastern Life, and Xactware have introduced Contents Collaboration.
The High Court rejected the UK banks' legal challenge over PPI reforms.