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  • AIG's legendary leader Hank Greenberg reassured shareholders that the company's recent announcements over directors and officers exposures related to the need for higher rates, rather than an indication of a problem.
  • Swiss Re, AIG and others win battle against summary judgment A period of frenetic litigation came to a head last month in a court case brought by oil giant BP against Swiss Re, AIG, AXA, ACE, Aegis and other international insurers for their refusal to
  • Lloyd's has confirmed today (14 September) the resignation of Toby Davies and Iain Saville as CEO and executive chairman of Kinnect respectively.
  • As the multi billion dollar one-event-or-two 9/11 dispute rumbles on, the clamour for an out-of-court settlement grew last week, with World Trade Center (WTC) leaseholder Larry Silverstein admitting he may be prepared to reopen talks with insurers.
  • Marsh & McLennan Companies Inc (MMC) announced today (9 September) that president and CEO Michael Cherkasky will hand over the reins of broking subsidiary Marsh Inc to Brian M Storms with immediate effect.
  • Losses from the collapsed Aon 77 energy lineslip to be contested in the High Court with the Central Fund and Aon’s E&O insurers exposed to outcome Lloyd's Central Fund may be forced to pick up the losses from Aon's collapsed energy lineslip regardless
  • Ernst & Young, the big four accountant facing a £2.6bn claim from Equitable Life, has only limited professional indemnity protection from Swiss Re, one of the world’s largest reinsurance companies.
  • Allied World Assurance Company’s (AWAC) move towards independence has cost it a ratings downgrade amid rumours that it is set to become the last of the so-called “Class of 2001” to go public with an IPO.
  • AXIS Capital has joined the growing list of Bermudian operators seeking to list on the New York Stock Exchange.
  • Illium Insurance Group Ltd, the UK liability start-up headed by former Limit underwriter Denis Burniston and Russell Benzies, the former chief executive of Euler Trade Indemnity plc, is set to begin trading via a new Lloyd’s Syndicate 4040 next year.