April 2005/1

American International Group’s new chief executive Martin Sullivan has written to his shareholders as problems continue to mount for the insurance giant.

Broking giant Aon Corporation has appointed ex-McKinsey management consultant Gregory C. Case as the group’s new president and chief executive, replacing the long-serving Patrick Ryan.

Eliot Spitzer gave a boost to investment legend Warren Buffett last week by supporting Berkshire Hathaway’s contentions that he did not have an intimate knowledge of the controversial $500mn finite reinsurance deal with AIG.