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AIG lists on Irish Stock Exchange
American International Group Inc (AIG) has been admitted on the Irish Stock Exchange with a par value of $2.50 per share.
10 March 2008
Spitzer in prostitution scandal; report
New York state governor and former attorney general Eliot Spitzer has been caught arranging to meet a high-priced prostitute at a Washington hotel last month, according to reports from the New York Times.
10 March 2008
Gable appoints new chairman
Liechtenstein-based liability insurer Gable Insurance has appointed Lance Ranger as its new chairman.
10 March 2008
US P&C rates down 14 percent in February
US property and casualty (P&C) insurance rates were down 14 percent on a composite basis in February, with rates in the worst-hit sector, commercial property, falling 17 percent in the period, according to US insurance aggregator MarketScout.
10 March 2008
Aerospace rates falling
Mirroring the aviation sector, an excess of capacity together with low losses are driving premium rates downwards, according to Aon's Aerospace Insurance Market Review.
10 March 2008
Alea boosts US reinsurance reserves
Bermudian-headquartered run-off company Alea Group Holdings' outstanding liabilities now stand at around $1.5bn after a series of major commutations, the company announced in its 2007 results.
10 March 2008
RITC start-up closes four syndicates on Lloyd's approval
Lloyd's has approved Syndicate 2008 to write reinsurance to close (RITC) business, with the Shelbourne Syndicate Services Ltd (SSSL) managed vehicle already closing four open year syndicates with gross insurance reserves of around $455mn.
10 March 2008
UK drives drop in European run-off liabilities
A significant reduction in the UK's run-off market has driven a EUR2bn decrease across Europe, according to a recent survey.
10 March 2008
International News Digest
Buffett goes long on derivatives; Fairfax profits from credit bets; DIFC extends international attractions; AM Best stable on reinsurance; IRS captives tax u-turn...
10 March 2008
Profits slip at Enstar
Listed Bermudian run-off firm Enstar Group Ltd reported a drop in its full-year profits last year despite increasing its assets by over 30 percent.
10 March 2008
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