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Arctic Sea insured by Ingosstrakh
Lost and found cargo ship Arctic Sea is insured for crew-related risks with Russian insurer Ingosstrakh.
17 August 2009
Aon aviation exodus continues as Willis hires Kisor
Broking giant Aon has lost yet another senior aviation executive, this time to Willis, after its former executive vice president of Los Angeles and Chicago operations, Stephen Kisor, joined the rival broker.
17 August 2009
Wrynn to replace Dinallo as NY insurance superintendent
The state of New York has named lawyer and executive director of the state's insurance fund, James Wrynn, as insurance superintendent following the resignation of Eric Dinallo in July.
17 August 2009
AIG's D&O insurers set to foot $115mn settlement bill
American International Group (AIG)'s $200mn D&O insurance policy is set to pay a $115mn loss, after it was reported that former chief executive Maurice 'Hank' Greenberg and five other defendants have agreed to settle a shareholder lawsuit.
17 August 2009
$2.5bn sales bolster AIG
American International Group (AIG) has raised $2.5bn from its latest round of sales.
17 August 2009
Swiss Re on course for SFr10bn capital buffer in 2010, say analysts
Citigroup analysts expect Swiss Re to have SFr10bn excess capital next year and to repay the Berkshire Hathaway hybrid debt in 2011.
17 August 2009
Hannover Re to strengthen capital base from retained earnings
Hannover Re is set to use retained earnings to fund an increase in capital of as much as 26 percent to pursue growth opportunities in the second half of the year.
17 August 2009
Cat bond returns surge on slow wind season
Catastrophe bond returns have increased for the sixth consecutive week as a lack of significant windstorms and a glut of unused insurance-linked securities (ILS) capacity push demand for the products to record levels.
17 August 2009
Slack off BIBA board
The British Insurance Brokers' Association (BIBA) has said that Mike Slack stepped down from its board at the end of July, after seven years.
17 August 2009
Towers Perrin takes Benfield US exec
Towers Perrin has named Derek Keating as an executive director of its London reinsurance brokerage business, effective 1 September.
17 August 2009
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