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Sullivan gets AIG vote of confidence
American International Group (AIG) CEO Martin Sullivan was given the vote of confidence by the company's board last week, despite growing pressure from investors after two consecutive quarters of record losses.
19 May 2008
Fresh QBE bid falls short of IAG's expectations
An improved merger bid for Insurance Australia Group (IAG) from QBE Insurance is likely to fall short of its own "fair value" of the business, the company has indicated.
19 May 2008
ACE expands Middle Eastern operations
ACE Group has expanded its presence in the Middle East with the launch of two new subsidiaries.
19 May 2008
Arch Worldwide reveals new chief; announces $500mn share buyback
Arch Capital Group has announced a new chairman and CEO for Arch Worldwide Insurance Group, following news it is to start a $500mn share buyback scheme.
19 May 2008
PartnerRe names new global CEO and chairman
Bermudian PartnerRe has announced two senior management changes to its non-US global operations.
19 May 2008
Greenlight Re Q1 losses decrease
Cayman Islands-based reinsurer Greenlight Capital Re revealed its losses more than halved in the first quarter compared to the same period last year.
19 May 2008
Arig Q1 profits slump on investment returns
Arab Insurance Group (Arig) has revealed profits more than halved in the first quarter of 2008, compared to the prior-year period.
19 May 2008
First court appearance for Marsh and UIB in aviation poaching dispute
The two broking firms involved in a David and Goliath-style legal tussle over alleged aviation staff poaching and use of confidential information appeared in court last week.
19 May 2008
Private equity targets second round of RBSI auction
Private equity firms may team up with potential trade buyers to bid for Royal Bank of Scotland’s insurance division (RBSI) at a later stage in the bid process after being blocked from entering the first round of bidding.
19 May 2008
European investors take 40 percent of Japanese quake bond
Munich Re Capital Markets placed "just under 40 percent" of the $300mn Muteki cat bond, revealed by our sister publication Trading Risk last week, with investors in the European Union and Switzerland.
19 May 2008
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