April 2005/3

According to reports in the US, ousted American International Group (AIG) chief Maurice “Hank” Greenberg’s “gift” of almost all of his $2.3bn stock in the company may not be enough to shield his investment from future lawsuits.

Swiss start-up reinsurer Glacier Re continued its expansion with the appointment of Oliver Wirtzfeld as senior underwriter and Cinzia Muggiasca Ahr as financial controller as of 1 April 2005.

World’s second largest broker Aon has revised its annual Terrorism Risk map to reflect an increase in the risk of terrorism across the globe.

Ron Carlier, the colourful group chief executive of RK Carvill & Co, has unexpectedly left the reinsurance broker, Insider Week can reveal. In a 14 April statement, the broker confirmed that: “Effective immediately Ron Carlier has resigned as Group chi

Lord Levene is set to call for measures to restore confidence in the insurance industry tonight. Speaking to business leaders at the Philadelphia Club in the US, the Lloyd’s chairman will say the industry needs to eliminate conflicts of interest, work