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AIG speeds up spin-off of general insurance business
American International Group (AIG) is speeding up the process of ring-fencing its general insurance operations, as it looks to reposition them as an independent entity ahead of a potential initial public offering (IPO).
22 April 2009
Double boost for Lloyd's insurers in '09 UK Budget
Lloyd's insurers are set for a boost as the UK Treasury confirmed it will bring the tax treatment for their equalisation reserves in line with general insurance companies.
22 April 2009
Catlin launches new Lloyd's life syndicate
Catlin Group is launching a new Lloyd’s Syndicate and has opened a Guernsey branch office to write term life (re)insurance business.
22 April 2009
Lloyd's swoops to buy back £100mn marked-down debt
Lloyd's has made a tender to repurchase up to £100mn of the approximate £1.1bn in long-term corporate debt it manages as part of the central assets the Society holds on behalf of the market.
22 April 2009
AIG completes $30bn credit line with US Treasury
Troubled American International Group (AIG) has finalised its latest round of government funding – a $29.84bn purchase agreement with the US Treasury which it first announced in March.
21 April 2009
Strong demand for Allianz's Blue Fin II cat bond
German insurance giant Allianz's Blue Fin II cat bond – which increased in size to $180mn earlier in the month – was over-subscribed at its close last week (14 April).
20 April 2009
Matanle to head THB Lloyd's broker
AIM-listed broker THB Group plc is poised to appoint the former Marsh UK executive Stephen Matanle as the head of its largest division – Lloyd’s broker Thompson Heath & Bond (THB), as first revealed by The Insurance Insider.
20 April 2009
Lloyd's awaits Budget boost on Cat reserves
Lloyd's insurers may be poised to benefit from a change in the UK government's tax treatment of their equalisation reserves, as the UK budget fast approaches (22 April).
20 April 2009
People Moves
Ironshore continues AIG harvest with new property executive; QBE finally appoints US CEO; Chubb promotes London; EQECAT appoints new senior VP manager; Willis appoints Sweden CEO; Colemont hires new aviation CEO...
20 April 2009
ABI: £730mn in fraudulent UK claims exposed in 2008
The value of fraudulent UK insurance claims rose 30 percent to £730mn in 2008, while the number of fraudulent claims rose 17 percent against 2007 to 107,000, according to figures released by the Association of British Insurers (ABI).
20 April 2009
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