November 2005/5

Maurice “Hank” Greenberg received a welcome Thanksgiving present last week when New York Attorney General Eliot Spitzer confirmed that he would not pursue criminal charges against the former American International Group chief executive.

Shares in XL Capital slumped 9 percent to $67.42 as markets reopened Friday (25 November) following the Bermudian (re)insurer’s revelation that it is set to lose a dispute with Credit Suisse over its acquisition of certain Winterthur International...

Lloyd’s is set to update its loss estimates for Hurricane Katrina later this week, at a time when investors in some of the quoted Lloyd’s insurers are becoming increasingly jittery about their exposures to the trio of storms.