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  • The president and chief executive of up-for-sale American International Group Inc (AIG) reinsurance arm Transatlantic Reinsurance Co has written to clients and brokers in a bid to address concerns over the plight of its majority owner and the firm’s downg
  • Chris Wallace the head of the commercial client practice at Marsh UK has left the company “to pursue other interests”, The Insurance Insider has learned.
  • A US pension fund is suing American International Group Inc (AIG), according to reports.
  • Business volumes at Lloyd’s are likely to rise in the wake of American International Group Inc’s (AIG) widely publicised difficulties, according to a leading analyst on the sector.
  • UK run-off acquisition firm Randall & Quilter Investment Holdings plc (R&Q) has shrugged off growing competition to post a group operating profit of £4.5mn (2007: £3mn) for the first six months of the year while also predicting that the tough market condi
  • On the brink of Chapter 11, American International Group Inc (AIG) was rescued by a lifeline from the Federal Reserve who agreed to lend the distressed insurance giant up to $85bn for two years in exchange for a 79.9 percent equity stake.
  • Hank Greenberg, the former chief executive of American International Group Inc (AIG) wrote a letter to the group's current head, Robert Willumstad, reflecting his frustration at the firm's repeated refusal to accept offers of help.
  • American International Group Inc (AIG) will face difficulties in retaining its book of business despite yesterday's (16 September) eleventh hour $85bn US government-backed rescue.
  • Ratings agency AM Best has downgraded its financial strength rating of Lehman Re Limited, investment bank Lehman Brothers’ reinsurance subsidiary, three notches to B (Fair) from A- (Excellent).
  • Shares in American International Group Inc (AIG) tumbled further today (16 September) on the back of continued capital raising uncertainty and yesterday’s rating agency downgrades.