April 2005/4
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RK Carvill acted swiftly to replace the departed Ron Carlier by promoting John Cavanagh and David Thomas as joint chief executives of the reinsurance broker last week.
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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.
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Bermudian finite reinsurer Inter-Ocean has become the first corporate casualty of New York attorney general Eliot Spitzer's probe into the use of finite reinsurance with the news that it has ceased writing new business and is now in run-off.
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In a torturous month for the insurer, we examine the difficulties facing Martin Sullivan As the weeks pass since the departure of the patriarchal Maurice "Hank" Greenberg from the company he built into the world's largest insurer, so the size of the...
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Spitzer says Buffett not a target as Greenberg pleads the Fifth. Ousted American International Group (AIG) boss Maurice "Hank" Greenberg was advised to plead the Fifth Amendment as he and Berkshire Hathaway founder Warren Buffett were interviewed by re
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Marsh UK has published details of its new "model" designed to show greater transparency of its revenue structures after it abolished the controversial Placement Service Agreements (PSAs) last year.
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In our regular monthly News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.
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As the revelations into AIG’s past practices continue to mount, David Schiff looks at the insurance giant and the Art of Financial Prestidigitation.
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Bermudian reinsurers were "stirred, but not shaken" by 2004's unprecedented hurricane and typhoon season, with return on equity down just 5.8 percent on 2003's figure, according to the latest Bermuda Quarterly report from broker Benfield.
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With capital raising on track, the challenge for broker start-up is to build traction quickly... The veteran industry financier Bob Clements is close to raising an estimated $200mn-$300mn to form Integro, the start-up broker which plans to provide
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Maurice "Hank" Greenberg was effected forced to resign as chairman of American International Group after the New York Attorney General gave an ultimatum to the company, The Insurance Insider understands.
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Ron Carlier, the colourful group chief executive of RK Carvill & Co, has unexpectedly left the reinsurance broker, The Insurance Insider can reveal.