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AIG sues US government for $30mn tax overpayment
Three years after its bailout by the US government, American International Group (AIG) is suing the federal government for $30.2mn in alleged overpayment of taxes
09 July 2012
WürttUK team to launch £125mn Lloyd’s syndicate
A new £125mn capacity syndicate headed by WürttUK managing director Stephen Redmond is at the final stages of seeking approval from Lloyd’s franchise performance directorate, Insider Week can reveal.
17 September 2007
JLT shares leap on Heath deal; job cuts likely
Shares in UK broker Jardine Lloyd Thompson Group plc (JLT) have leapt almost ten percent this morning in the light of its expected acquisition of rival Heath Lambert Group plc.
03 July 2006
AWAC files for further capital boost
Bermudian (re)insurer Allied World Assurance Co (AWAC) is set to continue its capital building strategy after its forthcoming initial public offering (IPO) with the issue of $500mn senior notes.
03 July 2006
Greenberg ‘white paper’ hits out at new AIG management
The legal team of former AIG CEO Maurice “Hank” Greenberg has published a “white paper” critiquing the company’s restatement of its 2004 results.
08 August 2005
Buoyant month for Cat bonds
June has become a fertile month for catastrophe bonds with at least three $100mn+ contracts either signed or close to fruition.
28 June 2004
GAUM leads Thai cover
London-based underwriting pool Global Aerospace Underwriting Managers (GAUM) was the lead on the cover of the aircraft that crashed on the Thai island of Phuket yesterday (16 September).
17 September 2007
ZFS launches aggresive plan to replenish capital base
Zurich Financial Services (ZFS), has announced losses of $2bn for the first half of 2002. ZFS stated it has undertaken a thorough review of the adequacy of its non-life insurance and reinsurance reserves in consultation with an independent third party
01 September 2002
Rating crisis could spell the end of mutuality, warns Philipps
Charles Philipps has warned that Lloyd’s must preserve its security rating, or face disastrous consequences that would spell the end of the market in its current form.
11 January 2006
Willis cash flow to pay down HRH acquisition debt
Willis Group will use its strong cash flow to pay off the outstanding $103mn of its bridging loan this year, which was used to part-finance its $2.1bn acquisition of Hilb, Rogal & Hobbs in 2008.
22 May 2009
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