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Greenberg committed to Lehman Bros investment
The investment vehicle of former American International Group Inc (AIG) CEO and chairman Maurice "Hank" Greenberg will continue with its planned purchase of a stake in Lehman Bros despite expected senior management changes and the posting of...
16 June 2008
Aon Benfield Re management structure emerges; Chilton reassures clients
Over the course of the Monte Carlo Rendez-Vous last week, the proposed senior management structure at Aon Benfield Re began to emerge once the two firms complete their merger later this year.
15 September 2008
Solvency II directive approved minus key component
The European Union Council of Economic and Finance Ministers (ECOFIN) has approved a Solvency II directive in which all reference to group support and group supervision has been cut...
02 December 2008
Analyst cuts Lloyd’s insurer valuations on potential sub-prime liability claims
Brit Insurance Ltd, Beazley Group plc, and Novae Group plc are the Lloyd’s insurers most vulnerable to exposure from sub-prime related liability claims, according to an industry analyst as he cut his target price on the companies.
24 January 2008
Coldman orders Omega ‘comprehensive review’
John Coldman, who was parachuted in as the new chairman of Bermuda-based Omega Insurance Holdings last month, is undertaking a "comprehensive review" of the business.
21 April 2010
$6.5bn Q3 CDS loss predicted for AIG
US giant American International Group Inc (AIG) could face third quarter losses reaching as high as $6.5bn at its troubled financial products division (AIGFP) as the credit markets continue to weaken, according to Credit Suisse analyst Thomas Gallagher.
01 September 2008
Tunnicliffe quits Advent
Lloyd’s (re)insurer Advent Underwriting Ltd has been dealt a blow by the sudden resignation of the chief underwriting officer of its Syndicate 780, Lloyd Tunnicliffe.
07 April 2008
Travelers 'fine tunes' investment outlook
US insurer The Travelers Cos Inc has said that a "fine tuning" of its projected investment income should see operating earnings at the lower end of previous forecasts this year.
27 May 2008
Legal Briefings
Our monthly column keeping a check recent US and EU legal and regulatory developments, in association with Sidley Austin LLP
06 December 2007
Xchanging bullish with (re)insurance wins
Outsourcing specialist Xchanging has said that revenue growth during the four months ending 31 October has been "slightly ahead" of the board's expectations in a bullish interim management.
17 November 2008
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