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August 2005/2
  • Greenberg ‘white paper’ hits out at new AIG management
    The legal team of former AIG CEO Maurice “Hank” Greenberg has published a “white paper” critiquing the company’s restatement of its 2004 results.
    08 August 2005
  • Munich’s Am Re boost highlights US liability deterioration
    An increase in casualty and asbestos reserves at a US unit has forced a 74 percent drop in second quarter profits at world’s largest reinsurer Munich Re.
    08 August 2005
  • Cremer appointed Allianz Global underwriting role
    The UK arm of Allianz Global has appointed Philipp Cremer to the director of underwriting role, replacing the recently promoted Doug Pennycuik.
    08 August 2005
  • RenRe facing class action suits
    Two more class action suits have been against troubled insurer RenaissanceRe.
    08 August 2005
  • Axis powers ahead
    Bermudian post-9/11 start-up Axis Capital announced a strident set of second quarter results last Tuesday (2 August), as net income increased year-on-year from $140.9mn or $0.84 a share, to $172.8mn or $1.13 a share – primarily driven by its...
    08 August 2005
  • Toronto air crash costs $200mn
    French aviation pool La Reunion Aerienne has confirmed it is the lead insurer of the Air France passenger jet that crash-landed in Toronto on 2 August in atrocious weather conditions.
    08 August 2005
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