Lloyd's insurer continues diversification with Swiss plan

Catlin chief executive Stephen Catlin

Catlin's plan to establish a reinsurance company in Switzerland has been described as another significant move by the group to diversify away from its Lloyd's roots.

The group has applied to the Swiss Financial Market Supervisory Authority to establish Catlin Re Switzerland, which will have capital of at least $1bn (£663.4m) from internal resources and will

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ABI insists fire safety scheme is temporary

Mervyn Skeet, the Association of British Insurers’ director of general insurance, has outlined how the trade body will ensure the Fire Safety Reinsurance Scheme will only last three to five years, and how it will should end criticism of brokers earning commission for arranging cover.

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