• X
  • LinkedIn
  • Email
  • Show more sharing options
  • X
  • LinkedIn
  • Email
  • Free trial
  • Log in

August 2009/3

  • Insurers have put up the specie insurance industry's biggest ever reward as they attempt to track down the Graff robbers and their loot.
  • Towers Perrin has named Derek Keating as an executive director of its London reinsurance brokerage business, effective 1 September.
  • Aon Benfield Securities has appointed Chris Parry as a director in its investment banking division, as it continues to grow the practice.
  • Berkshire Hathaway CFO Marc Hamburg has hit back at reports that it "goofed" on its mark-to-market valuation of derivative risks.
  • The Lloyd's Exchange has gone live with its first intra-market message.
  • Lost and found cargo ship Arctic Sea is insured for crew-related risks with Russian insurer Ingosstrakh.
  • American International Group (AIG)'s $200mn D&O insurance policy is set to pay a $115mn loss, after it was reported that former chief executive Maurice 'Hank' Greenberg and five other defendants have agreed to settle a shareholder lawsuit.
  • The British Insurance Brokers' Association (BIBA) has said that Mike Slack stepped down from its board at the end of July, after seven years.
  • Lehman Brothers is suing American International Group (AIG) for $9mn it says the insurer owes on credit default swap covers it took out on three firms that subsequently filed for bankruptcy, according to reports.
  • CNA Financial Corporation has appointed John Hennessy to replace Julian Eniozi as head of its European operations, with a mandate to grow its European distribution.
  • The British Virgin Islands and Cayman Islands have joined Bermuda in being upgraded to the Organisation for Economic Cooperation and Development's (OECD) white list, after meeting internationally agreed tax standards
  • US insurer The Hartford is to refund $48.3mn in excess profit to worker's compensation policyholders in order to comply with Florida law.