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Watkins new face of Lloyd's North America
Lloyd's has unveiled Hank Watkins as its new president for North America.
24 August 2009
Amlin sees record H1 profit
Low claims activity coupled with improved investment returns helped London-listed (re)insurer Amlin post record after-tax profit of £167mn for the first six months of the year, up 54.5 percent against H1 2008.
24 August 2009
Benmosche's AIG pay deal announced
Robert Benmosche, American International Group (AIG)'s new chief executive, will receive annual pay of $7mn in cash and shares and is in line for a bonus of $3.5mn a year.
24 August 2009
US MGU sues London broker over alleged Chinese business theft
Privately held US managing general underwriter Global Benefits Group (GBG) has filed a lawsuit against its former reinsurance broker Reza "Ray" Khadivi...
24 August 2009
Moody's: European reinsurers 'holding steady'
Ratings agency Moody's said that despite the much-hyped firming of rates championed by the European reinsurance market in late 2008, renewal season pricing has "generally not lived up to these expectations, despite some evidence of rate hardening".
24 August 2009
AIG shares surge on CEO optimism
Shares in troubled American International Group (AIG) have rallied strongly following positive remarks from incoming CEO Robert Benmosche...
24 August 2009
People moves
Dunn joins JLT Re treaty practice; Markel hires Leach as underwriter
24 August 2009
RSA 'treading water' - analysts
Although shares in highly rated UK P&C insurer RSA have been left behind in the second and third quarter rally in riskier stocks, analysts at Citi are not convinced that it is time to play the 'catch-up card' yet.
24 August 2009
Final sentencing date scheduled for ex-Gen Re exec
Former General Reinsurance Corp senior vice president Richard Napier is scheduled to be sentenced on 15 September for his role in a sham finite reinsurance transaction involving the Berkshire Hathaway-owned reinsurer and American International Group (AIG)
24 August 2009
Canopius CEO steps down
Canopius Managing Agents CEO Clive Watson is to leave the Lloyd's (re)insurer with effect from 1 October. A successor is yet to be found...
24 August 2009
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