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July 2009/2
  • AIG looks to New York listing for ALICO spin-off
    American International Group (AIG) is accelerating steps to position its American Life Insurance Company (ALICO) subsidiary for a spin-off, as it continues to assess strategic options for the US life business, which may yet lead to a trade sale.
    16 July 2009
  • Aon aviation trio set for JLT move
    Jardine Lloyd Thompson (JLT) is set to continue the expansion of its aviation practice as it moves to hire three senior brokers from Aon, The Insurance Insider can reveal.
    16 July 2009
  • Omega ratings affirmed on strong capitalisation
    Omega Insurance Holdings has been endorsed by AM Best with an affirmation of the ratings on its Lloyd's and Bermudian operations, as the agency highlighted the group's strong capitalisation.
    15 July 2009
  • GIC on slip for Iran plane crash loss
    The General Insurance Corporation of India is on the slip for the Tupolev TU-154 passenger aircraft that crashed in northwestern Iran, killing all 168 on board, The Insurance Insider understands.
    15 July 2009
  • Van Gieson moves from Arch to head Dual
    Former Arch Insurance Company (Europe) president and CEO Bob Van Gieson is joining Hyperion's underwriting agency Dual International as chairman and chief executive.
    15 July 2009
  • Ark confirms Goggin appointment, forecasts premium growth
    Lloyd’s insurer Ark Syndicate Management has entered the contingency market with the appointment of former Miller Insurance contingency broker Dan Goggin...
    14 July 2009
  • London digest
    Insurance cuts could cost £1bn; Max picks up Ace duo; JLT hires Aon deputy chair; Omega promoted; Cooper Gay edges closer to IPO; CV Starr launches Lloyd’s US construction consortium; Jacko loss to be modest; JLT acquires Tysers US D&O; Catlin leads...
    13 July 2009
  • Lloyd’s Names can finally 'sleep easy'
    Equitas, the $7.8bn legacy albatross that has hung around the neck of Lloyd's Names ever since its creation in 1996, can now be formally detached...
    13 July 2009
  • Greenberg now awaits Round II in AIG-SICO battle
    After a US federal jury ruled that Starr International (SICO) did not misappropriate assets from an American International Group (AIG) trust set up to compensate senior AIG executives, Maurice “Hank” Greenberg is now awaiting...
    13 July 2009
  • Arch defends another 'raid' dispute as The Stag fights back
    Less than two years after a bitter dispute with Berkshire Hathaway's Gen Re, Arch Capital Group is again being hauled into court to defend allegations of orchestrated staff poaching.
    13 July 2009
  • Integro moves into profit for first time
    Private equity-backed Integro Insurance Brokers turned its cash flow positive for the first time last quarter.
    13 July 2009
  • $1bn Willis Stanford action focuses on client letters
    A look at the history books reveals that when a financial institution collapses, litigators often turn on the professional services firms it has used in search of restitution.
    13 July 2009
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