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AIG CEO steps down; embattled giant looks once again for new leader
Ed Liddy famously joined American International Group (AIG) with a $1 salary - and to his growing army of critics that was all he was worth.
22 May 2009
Buffy
Carpet-baggers and pre-emptions…
11 November 2008
GoshawK falls towards run-off
GoshawK is set to become the first corporate insurance victim from 2005’s devastating hurricane season after the UK quoted company confirmed this morning (17 October) that it is likely to go into run-off. The insurer – which after the demise of its...
17 October 2005
Platinum Q1 profits down by 19.3 percent
Bermudian reinsurer Platinum Underwriters posted a 19.3 percent year-on-year decline in its first-quarter net income to $84.9mn.
27 April 2009
Travelers ruling a victory for 'stealth' reform
The Insurance Insider looks at recent developments in asbestos litigation A Chapter 11 filing by asbestos defendant AC&S Inc has been thrown out by a US federal judge after he found that the firm's bankruptcy plan was so influenced by asbestos plaintif
01 February 2004
FSA reveals threshold test for Schemes of Arrangement
UK regulatory body Financial Services Authority (FSA) has warned that its endorsement of proposed schemes of arrangement is not a "foregone conclusion" and it will continue to push back on "arbitrary formulaic offers" that do not sufficiently protect poli
02 March 2009
Competition Commission outlines Lloyd’s merger concerns
The UK Competition Commission has published a Statement of Issues for its inquiry into Lloyd’s members agency Hampden Private Capital’s acquisition of its rival CBS Private Capital’s advisory business.
21 August 2006
TRIA extension nearer with bill compromise
US politicians offered some succour to the (re)insurance industry yesterday (15 November) with the news that an agreement had been reached on a bill to extend the Terrorism Risk Insurance Act (TRIA) for a further two years – albeit under less favourable..
16 November 2005
UK insurance working group set to dodge tax issue
A high-powered City working group co-chaired by the Chancellor of the Exchequer Alistair Darling and Aviva’s CEO Andrew Moss is set to avoid calling for direct changes to the UK’s tax regime which has seen an exodus of Lloyd’s insurers...
20 July 2009
Sterling Caught on Film Finance
More trouble for Sterling Underwriting Agency, following the revoking of its trading licence by Lloyds, as its Syndicates are named in a film finance law suit.
01 October 2000
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