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$53mn Kazsat-1 failure adds to space sector woes
Space insurance underwriters are facing the prospect of yet another loss with the failure of a Kazakhstan communications satellite in orbit, The Insurance Insider revealed last week.
16 June 2008
MBIA shares buoyed by plan for new subsidiary
Bond insurer MBIA Inc is reconsidering the deployment of the $900mn it raised in a recent equity public offering, including the launch of a new insurer.
16 June 2008
Greenberg committed to Lehman Bros investment
The investment vehicle of former American International Group Inc (AIG) CEO and chairman Maurice "Hank" Greenberg will continue with its planned purchase of a stake in Lehman Bros despite expected senior management changes and the posting of...
16 June 2008
New London chief for Tokio Marine
Hirotoshi Murakami, CEO of Tokio Marine Global (TMG) in London is set to return to Japan and take up a new position with the parent company at the end of this month.
16 June 2008
ZFS stock under pressure from RBS link
A potential bid from Zurich Financial Services (ZFS) for the Royal Bank of Scotland's (RBS) insurance unit has continued to place downward pressure on the company's share price.
16 June 2008
Willumstad replaces Sullivan as AIG CEO
Martin Sullivan has resigned as chief executive of American International Group (AIG) after bowing to mounting shareholder pressure over the company’s performance that has slumped on heavy credit losses.
15 June 2008
AJ Gallagher buys Heath Lambert wholesale unit
Arthur J Gallagher International has acquired the Global Business Solutions (GBS) wholesale business from Heath Lambert, The Insurance Insider can reveal.
12 June 2008
Beazley unveils new CEO with internal appointment
Lloyd’s listed (re)insurer Beazley Group plc has promoted group finance director Andrew Horton to take over from Andrew Beazley as its chief executive.
12 June 2008
$53mn KazSat-1 failure adds to space sector woes
Space insurance underwriters are facing the prospect of yet another loss with the failure of a Kazakhstan communications satellite in orbit, The Insurance Insider can reveal.
12 June 2008
SCA loses $3.1bn Merrill Lynch dispute
Beleaguered bond insurer Security Capital Assurance (SCA) has lost a legal battle with investment banking giant Merrill Lynch & Co over its obligations of up to $3.1bn on credit default swaps (CDS).
11 June 2008
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