New York's attorney general has claimed that Maurice "Hank" Greenberg knew "damn well" about sham reinsurance transactions that are the subject of a decade-old fraud suit against the former AIG boss.
The best reinsurers can hope for at the key 1 January renewal is rate stability, while a light hurricane season could drive greater competition towards the end of the year, according to Keefe, Bruyette & Woods analyst William Hawkins.
The two funds behind US specialty carrier ProSight are gearing up to sell the business after waiting right until the end of the typical private equity life cycle, The Insurance Insider has learned
