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Greenberg asks for opportunity to bid on AIG assets
Former American International Group (AIG) CEO Hank Greenberg has written to the beleaguered insurer asking for the chance to bid for assets the company plans to sell to repay the $85bn loan granted as part of last month's US government bail-out.
01 October 2008
Heavy H1 claims drag US p/c insurers to underwriting loss
Heavy claims in the first half of 2008 have pushed the US property casualty insurance industry to an underwriting loss of $5.6bn for the period, and a combined ratio above 100.
30 September 2008
(Re)insurance stocks steady on bail-out failure
Global (re)insurance stocks remained steady in early trading today (30 September) as news of the rejection by US Congress last night of the $700bn rescue package for the country's ailing banking sector sent tremors through global indices.
30 September 2008
Amlin exec joins Lloyd's
Carl Phillips, currently head of operational services at Amlin will be joining Lloyd's to head up its market operations, The Insurance Insider has learnt.
29 September 2008
UIB registers Brazilian broker
London-based independent (re)insurance broker United Insurance Brokers (UIB) has registered its Brazilian operation as the list of companies taking advantage of the country's deregulation continues to grow.
29 September 2008
PARIS RE buys out founding shareholder
PARIS RE Holdings Ltd has bought out founding shareholder FI Equity Partners BV's 5.36 percent interest in the company in a EUR55.5mn transaction.
29 September 2008
Bullish Hampden posts modest profit
Lloyd's investment vehicle Hampden Underwriting PLC (HUP) made a modest profit of £148,000 from its opening six months of underwriting as start-up costs took their toll.
29 September 2008
Lloyd's forms short-list for new trading hub
Lloyd's has shortened the list of potential providers for its new messaging hub to three, The Insurance Insider has learnt.
29 September 2008
QBE parts company with US chief
QBE Group has formally parted company with Tim Kenny, the head of its US operations, The Insurance Insider revealed last week.
29 September 2008
Schroeder's Snowball finally lands on Buffett
Alice Schroeder's biography of Warren Buffett "The Snowball - Warren Buffet and the business of life" has gone on sale today (29 September) as the actions of its subject continue to dominate the headlines.
29 September 2008
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