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No more sequels as Starr wars ends
There should be no more sequels to the long running and bitterly acrimonious battle between American International Group (AIG) and its former chairman and CEO Maurice "Hank" Greenberg, after the parties finally buried the hatchet.
09 December 2009
Funds challenge rating agencies’ freedom of speech defence
A September ruling by a US federal judge could prove central to a 20 November lawsuit brought by five Ohio pension funds against the "big three" rating agencies.
09 December 2009
$90mn Stanford D&O battle escalates
The former executives of Stanford Financial Group (SFG) have again locked horns with their directors' and officers' (D&O) insurers in a US district court, seeking mirror-image declarations over defence costs.
09 December 2009
Perils launches European loss index benchmark
Perils AG, established this year to aggregate and provide industry-wide European catastrophe insurance data, has launched its industry loss index service for European windstorm events.
09 December 2009
Fair winds bring winter chill
2009 nat cat and man-made losses halve to $24bn; adding to pressure on forthcoming renewals.
09 December 2009
Willis’s Astorg deal eases balance sheet
Willis has cut itself free from a $400mn Sword of Damocles hanging over its balance sheet in the form of a financial obligation to consolidate affiliate Gras Savoye.
09 December 2009
Q-Re gains Qatar Financial Centre's first reinsurance licence
Q-Re has gained the Qatar Financial Centre's (QFC) first pure reinsurance licence from the Qatar Financial Centre Regulatory Authority (QFCRA)
09 December 2009
HACL bolsters JLT’s employee benefit arm
Jardine Lloyd Thompson (JLT) has edged nearer towards its goal of employee benefits comprising a third of its overall portfolio, with the acquisition of HSBC Actuaries and Consultants (HACL).
09 December 2009
London may benefit from Aon Broking launch
International wholesale markets such as London, Bermuda and Singapore should be long-term beneficiaries from a global restructuring by the world's largest broker Aon.
09 December 2009
Distribution deal forms part of HSBC Marsh UK sale terms
Marsh will enter into a long-term strategic distribution deal with HSBC as part of its agreement to buy the banking giant's insurance broking arm.
09 December 2009
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