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Greenberg could face civil charges over deals
American International Group's (AIG) former chairman and CEO Maurice "Hank" Greenberg could face civil charges after being served a Wells Notice by the US Securities and Exchange Commission (SEC) over his role in two reinsurance transactions.
30 May 2008
Date set for UIB/Marsh trial
The staff-poaching dispute between UIB and Marsh is to be heard before the Commercial Court on 30 June.
30 May 2008
IFEX to margin trade in US hurricane season
Trading risk platform Insurance Futures Exchange Services (IFEX) is to facilitate margin trading during the North Atlantic wind season - in a move that may encourage greater activity on the derivative exchange.
30 May 2008
London market escapes worst; non-US rates also seeing upwards pressure
The London market is reporting lighter sub-prime related claims experience than US insurers, due mainly to its "limited US portfolios", according to senior market sources.
30 May 2008
Just what went wrong…
Speaking at Trading Risk’s event last month, Goldman Sachs’ Michael Millette provided an erudite description of the turmoil facing the capital markets.
30 May 2008
Bermudians offer contrasting outlooks
Contrasting pictures were painted by late reporting Bermudian (re)insurers – depending on their vintage.
30 May 2008
ISG targets live business after Whittington deal
Whittington Group has completed its exit from US run-off market with the sale of Americas Insurance company (AIC) to Independent Services Group (ISG) for an undisclosed sum.
30 May 2008
Gallagher recruits Heath wholesale execs
Arthur J Gallagher International (AJGI) has recruited Martin Emkes who has resigned from Heath Lambert after refusing to transfer as part of the broker's wholesale deal with Cooper Gay, The Insurance Insider has learnt.
30 May 2008
Scottish Lion sold after Bear collapse
Uncertainty over Bear Stearns' proposed acquisitions of Scottish Lion and its subsidiary Scottish Eagle has been resolved with the run-off insurers' sale to...
30 May 2008
London News Digest
Turner named new FSA chairman; Blight leaves Canopius; Creagh-Coen joins Lancashire; Outsourcing delay hits Marsh; FSA invites feedback on regulatory transparency; Gallagher London new MD; Principle secures retakaful cover
30 May 2008
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