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Greenberg in $115mn AIG settlement
A group of former American International Group Inc (AIG) executives including former chairman Maurice “Hank” Greenberg have agreed to pay $115mn to settle a shareholder derivative lawsuit over payments made to the Starr companies.
12 September 2008
US rates show only limited signs of hardening
As the US property and casualty (P&C) industry converges on Orlando, Florida, for the annual RIMS conference, one of the key themes is the impact the economic crisis is having on the market.
20 April 2009
GoshawK flies back into trouble
Embattled Lloyd's insurer GoshawK saw its share price tumble for the second time in three months as the company admitted it was under-reserved by an undisclosed amount.
22 September 2003
Reith emerges as fresh Chaucer suitor
Ascot founder Martin Reith and unknown financial backers are in takeover talks with Chaucer, The Insurance Insider can reveal
30 March 2011
Flagstone to buy out remaining Byrne interests for $105mn
Flagstone (Bermuda) Holdings Ltd has agreed to buy out the remaining shares in its parent Flagstone Reinsurance Holdings owned by companies associated with founding former chairman Mark Byrne for $91.9mn.
08 December 2010
Revenue up but organic growth slides at AJ Gallagher
US broker AJ Gallagher saw its fourth quarter net earnings rise to $16.8mn from $4.7mn in Q4, but undershot analyst estimates as organic growth proved sluggish.
10 February 2010
Harris to succeed Taylor as Montpelier CEO
Montpelier Re Holdings Ltd has appointed Christopher Harris to succeed founding CEO Tony Taylor who is stepping down this summer.
17 March 2008
AIG completes $30bn credit line with US Treasury
Troubled American International Group (AIG) has finalised its latest round of government funding – a $29.84bn purchase agreement with the US Treasury which it first announced in March.
21 April 2009
UK consolidator refinances debt
The leveraged UK broker consolidator Towergate Partnership has refinanced its long-term banking facilities – a move that it says will enable its strategy of growth through acquisition to continue.
20 April 2009
Scottish Re sells $71mn reinsurance arm
Embattled reinsurer Scottish Re Group Ltd has agreed to sell its non-US life reinsurance unit to US-based insurer Pacific Life insurance Company for more than $71mn.
16 June 2008
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