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Moor to head AIG property/casualty group
American International Group (AIG) has renamed its Domestic Brokerage Group and appointed Kristian Moor as head, the insurance giant announced last week.
14 April 2008
Gen Re chief Brandon resigns
The chairman and CEO of General Re Corp, Joseph Brandon has resigned.
14 April 2008
Senior Guy Carp exec quits to join Catlin
Guy Carpenter global Fac chief Mark Newman has resigned his post to head (re)insurer Catlin's Asia Pacific rim operations.
14 April 2008
Blumenthal given green light over MMC action
The Supreme Court of Connecticut has ruled against Marsh & McLennan Cos (MMC) and given the state's attorney general Richard Blumenthal the green light to try to recover damages from the broker.
14 April 2008
Activist investors pressure Swiss Re and Munich Re
Reinsurance giants Swiss Re and Munich Re have come under pressure from activist investors over proposed board level changes in the last week.
14 April 2008
SCOR joins Brazil throng
European reinsurer SCOR has received an admitted Brazilian property and casualty carrier license as other firms continue to flock to the country in anticipation of its formal deregulation later this week.
14 April 2008
Landmark ILS bond downgraded by another energy loss
Ratings agency Standard & Poor's (S&P) has downgraded the $135mn Class C notes of Oil Casualty Insurance Company's (OCIL) Avalon Re cat bond following the notification of claims arising from the New York steam pipe explosion in July 2007.
14 April 2008
RSA continues legacy disposal with Codan portfolio sale
Royal & Sun Alliance (RSA) has continued the disposal of its legacy business with the sale of two run-off portfolios in its Scandinavian subsidiary Codan to Wasa Run-Off.
14 April 2008
Scottish Re hit by another downgrade
Beleaguered Bermudian life reinsurer Scottish Re Group has suffered another ratings downgrade as uncertainty over its financial position continues.
14 April 2008
Russian Sberbank 'considering' Dresdner approach
Analysts have welcomed reports that Russia's largest bank Sberbank is considering buying Allianz unit Dresdner Bank's investment banking business.
14 April 2008
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