April 2009/1

American International Group (AIG) is speeding up the process of ring-fencing its general insurance operations, as it looks to reposition them as an independent entity ahead of a potential initial public offering (IPO).

Troubled American International Group (AIG) has finalised its latest round of government funding – a $29.84bn purchase agreement with the US Treasury which it first announced in March.

As the US property and casualty (P&C) industry converges on Orlando, Florida, for the annual RIMS conference, one of the key themes is the impact the economic crisis is having on the market.

American International Group (AIG) has agreed a deal to sell its 21st Century US personal auto business to Zurich Financial Services for $1.9bn, representing the biggest insurance disposal in its asset sale programme so far.

Australian insurer QBE ended the search for a new CEO of its Americas division with the internal appointment of John Rumpler, announced at its shareholders’ AGM last week (8 April).

American International Group (AIG) is close to selling its US motor insurance business to Zurich Financial Services (Zurich) in a deal worth between $1.5bn and $2bn, according to reports.

Shares in Lancashire Holdings traded down after the Class of 2005 (re)insurer increased its estimate of expected losses from Hurricane Ike by $38.4mn, swelling the ranks of those underwriters who have upped their estimates in recent months.

Aon UK is planning to lower its standard employer pension contribution to 6 percent of salary across the board in an overhaul it says will enable it to reduce fixed costs and protect its business under challenging economic conditions.

IPC Holdings’ board has rebuffed fellow Bermudian Validus Holdings’ approach as it reaffirmed its recommendation to shareholders for a merger with Max Capital.

Solvency II compromise could fuel branch growth; EC antitrust stance leaves scope for further lobbying; US capital relief requests; Federal regulation edges closer

Buffy, the long-suffering Lloyd's Name, rails against Lime Street's capital rules

Bermuda calls in McKinsey; Cash out at Juniperus; Former Gen Re CFO receives 18 months for $500mn fraud; Deutsch leaves Ironshore; FASB eases fair value rules; G20: Rating agencies to be regulated; Heritage opens Dubai office