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Dinallo resigns; linked with attorney general post
Eric Dinallo is on course to follow in the steps of his former boss Eliot Spitzer with a run at the position of New York attorney general.
29 May 2009
D&O insurers face Santander payout on $235mn Madoff settlement
Insurers led by Liberty International face a potential payout on Banco Santander’s directors’ and officers’ (D&O) liability insurance after the Spanish bank agreed a $235mn settlement over its Madoff losses.
27 May 2009
Historic Equitas transfer ruling set for end of June
A 24 June date has been set for the UK High Court to consider approving a part VII transfer of all Equitas’ liabilities.
26 May 2009
Heritage replaces underwriting chief; Carrier returns to London
Argo Group has replaced the underwriting director of its Lloyd’s (re)insurance arm Heritage Managing Agency with the former Kiln reinsurance underwriter, Andrew Carrier.
26 May 2009
Swiss Re continues to roll; more positive analyst comment
After a brutal first quarter for its stock price, Swiss Re shares continue to be buoyed by supportive equity analysts with Dresdner Kleinwort and JP Morgan both posting upbeat comments in the past two weeks.
22 May 2009
TARP to secure life and P&C businesses, says The Hartford
The Hartford Financial Services Group's move to dip into the Troubled Asset Relief Program (TARP) will allow it to hold on to its US property casualty and life businesses, the straitened insurance giant said.
22 May 2009
London wholesaler in MBO from AXA
The London-based wholesale broker SBJ Global Risks is to spin-off in a management led buy-out little more than a year after AXA bought its parent in a deal estimated at £158mn.
22 May 2009
JLT predicts MGA could bloom into new division
The potential for Thistle Underwriters is so great that it may become a third operating arm, alongside the group’s current broking and employee benefits (EB) divisions.
22 May 2009
Spectre of self-insurance haunts mid-year renewals
As the key summer renewals fast approach, the insurance market is facing an uneasy stand-off between buyers and sellers which may limit the extra premium income (re)insurers were anticipating.
22 May 2009
People Moves
UIB takes off in US with Houlders hires; Colemont continues expansion with Aon exec; RBSI appoints Geddes as CEO; Cooper Gay adds to political risks team with Lockton hire
22 May 2009
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