Swiss Re denies Quinn links as regulators probe claims – Insurance News Now
Post senior reporter Amy Ellis outlines this week's major general insurance stories.
The Malta Financial Services Authority and Central Bank of Ireland are in discussions to establish how stories surfaced that Quinn Insurance founder Sean Quinn was set to return with a new underwriting vehicle, Q2.
In other news, plans to axe the Metropolitan Police's stolen vehicle unit next year could lead to the insurance industry funding even more police initiatives, it has been warned. According to industry sources the operation has been scaling back for months now; XL is currently drawing up an alternative to Airmic's model ‘non-disclosure clause', in a bid to encourage insurers to sign up to it; Triton Global has stuck its head above the parapet to announce it is ready to become an alternative business structure, as soon as it has the green light from the Solicitors Regulation Authority; and Nilefern, the Lloyd's coverholder previously run by the now disgraced Martin Fisher, has declared that it is "business as usual" following the news that its former chief executive has been jailed after pleading guilty to a string of child sex offences.
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