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  • Shares in AIG gave up the week’s gains as investors digested the news that the US government is to take up its proposed 79.9 percent dilutive stake in the insurance giant, dashing speculation that an alternative deal may have salvaged greater shareholder
  • Lloyd's insurer Brit is considering legal action against rival Abacus Syndicates Management over the recruitment of former PRI Ltd staff, the liability insurer acquired by Brit earlier this year for around £173mn. As first revealed in issue 81 of The I
  • Shares in American International Group Inc (AIG) traded sharply upwards today as the market reacted favourably to a candid television interview given by its new CEO Edward Liddy late Monday evening.
  • QBE Insurance Group's appetite for growth by M&A continued last week when it snapped up the Australasian business of struggling US mortgage insurer PMI Mortgage Insurance Ltd's for A$1bn.
  • American International Group (AIG) chief executive Edward Liddy was parachuted into the embattled organisation last week hoping to retain the firm’s core insurance operations.
  • Cooper Gay expands in US with Atlanta opening; State Farm appeals Texan fine
  • American International Group (AIG) has moved onto the next phase of its revamped US government bail-out with the launch of a vehicle to take on multi-sector collateralised debt obligations (CDOs) underlying...
  • Lloyd’s aims to have a structure in place to allow special purpose reinsurance syndicates to start mid-2007, along with a more streamlined timetable for Integrated Lloyd’s Vehicle (ILV) business plans and capital setting.
  • (Re)insurer Aspen has seen profits drop in the first quarter after insured catastrophic events in France, Australia and the US took their toll.
  • For the second time this year wildfires have forced thousands of Californians to evacuate their homes.