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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
Brit provides capacity for JLT’s new SME facility
Brit Insurance Holdings Plc has signed an agreement with Jardine Lloyd Thompson (JLT) to provide capacity for the broker's new "micro-SME" facility.
30 May 2008
Will Holt stay at Amlin after £5.77mn share sale?
Speculation over the future of Amlin’s star head of underwriting, Tony Holt, has further intensified after it emerged that the market veteran has sold the vast majority of his shares in the Lloyd’s insurer.
30 May 2008
Credit markets stabilise but insurers' work just starting
Despite US Treasury Secretary Henry Paulson’s recent comments that "we are seeing signs of progress as capital and credit markets stabilise", the (re)insurance market will "feel the effects for some time to come", according to experts.
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
RBS extends insurance bid deadline
The Royal Bank of Scotland (RBS) has extended the deadline for the first round of bids for its insurance division, following apparent dwindling interest in the units.
30 May 2008
2005 all over again?
The trend that has seen many (re)insurers hand back significant chunks of capital to shareholders continues in earnest which has even led to comparisons of early 2005.
30 May 2008
Markel confident as SGC bond 'fraud' verdict due
Markel International and QBE are thought to be confident ahead of the ruling in their High Court showdown with broker Surety Guarantee Consultants Ltd (SGC) and other defendants over construction bond fraud allegations.
30 May 2008
Gallagher poised to launch 'boutique' energy unit
Arthur J Gallagher International has welcomed aboard Simon Matson, who was due to join the firm’s new joint venture onshore/offshore "boutique" energy subsidiary on 2 June, The Insurance Insider can reveal.
30 May 2008
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