June 2008/1

American International Group's (AIG) former chairman and CEO Maurice "Hank" Greenberg could face civil charges after being served a Wells Notice by the US Securities and Exchange Commission (SEC) over his role in two reinsurance transactions.

The staff-poaching dispute between UIB and Marsh is to be heard before the Commercial Court on 30 June.

Trading risk platform Insurance Futures Exchange Services (IFEX) is to facilitate margin trading during the North Atlantic wind season - in a move that may encourage greater activity on the derivative exchange.

The London market is reporting lighter sub-prime related claims experience than US insurers, due mainly to its "limited US portfolios", according to senior market sources.

Speaking at Trading Risk’s event last month, Goldman Sachs’ Michael Millette provided an erudite description of the turmoil facing the capital markets.

Contrasting pictures were painted by late reporting Bermudian (re)insurers – depending on their vintage.

Whittington Group has completed its exit from US run-off market with the sale of Americas Insurance company (AIC) to Independent Services Group (ISG) for an undisclosed sum.

Uncertainty over Bear Stearns' proposed acquisitions of Scottish Lion and its subsidiary Scottish Eagle has been resolved with the run-off insurers' sale to...

Turner named new FSA chairman; Blight leaves Canopius; Creagh-Coen joins Lancashire; Outsourcing delay hits Marsh; FSA invites feedback on regulatory transparency; Gallagher London new MD; Principle secures retakaful cover

Our monthly column keeping a check on recent US and EU legislative and regulatory developments, in association with Sidley Austin LLP

American International Group (AIG) is facing two lawsuits accusing it of misleading investors about its credit default swap (CDS) portfolio, which has suffered more than $20bn in pre-tax writedown charges in the US giant's results for...

Markel International and QBE are thought to be confident ahead of the ruling in their High Court showdown with broker Surety Guarantee Consultants Ltd (SGC) and other defendants over construction bond fraud allegations.