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AIG offers financial handcuffs to prevent talent exodus
American International Group (AIG) has thrown financial incentives at key executives in a bid to prevent a talent drain.
11 November 2008
An opportunists’ market – not a hard one
Despite widespread proclamation of a market changing event, the evidence remains mixed...
11 November 2008
RBSI value falls to £4.5bn
Royal Bank of Scotland’s insurance assets – which include Direct Line, Churchill, Privilege and the specialty insurer NIG – may now fetch less than £4.5bn, as private equity firm CVC enters into advanced talks with the bank...
11 November 2008
BIBA split on commissions
A disagreement over the issue of mandatory commission disclosure was behind the October decision by the London Market Insurance Brokers’ Committee (LMBC) to break away from the British Insurance Brokers’ Association...
11 November 2008
Cheaper pound may increase Lloyd’s M&A interest
Volatility in the financial markets has led to significant fluctuations in the valuation of Lloyd’s listed vehicles – and potential suitors in the international property casualty (re)insurance industry.
11 November 2008
Rating bonanza for offshore energy
With losses from Hurricane Ike continuing to eat into third quarter results, at least one area of the market looks set to benefit: Offshore energy rates.
11 November 2008
AIG buys time with extended bail-out
With doom-mongers beginning to measure American International Group’s (AIG) future in terms of weeks as the inadequacy of its September government bail-out package became obvious, a revamped $150bn rescue looks to have bought...
11 November 2008
Lloyd’s market signals Dubai preference
As Lloyd’s mulls its final decision on where to open regional operations in the Middle East, the market has delivered a clear verdict that it prefers Dubai as the location for the London market outpost to be located.
11 November 2008
Integro cuts headcount by almost a quarter
Integro Ltd has reduced its employee headcount by almost a quarter as new chief executive Peter Garvey implements a cost-cutting drive at the independent insurance broker, The Insurance Insider can reveal.
11 November 2008
Willis mulls 2009 sidecar as capital becomes king
Broker Willis Ltd is seeking investor support for a new industry sidecar, The Insurance Insider can reveal, indicating market sentiment for a hardening property cat market in 2009.
11 November 2008
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