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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
Greenberg optimistic on Lloyd's strategy
Despite failing to cut capacity significantly in the face of market softening, Lloyd's will not repeat past mistakes, according to industry legend, Maurice "Hank" Greenberg.
14 April 2008
Buffett builds Munich Re stake
Berkshire Hathaway has bought one million shares in German giant Munich Re in the last six months, according to reports.
14 April 2008
Reinsurer to purchase 10 percent stake in British Islamic start-up
Malaysian reinsurer MNRB Holdings Berhad has announced it is to purchase a 9.99 percent stake in British Islamic Insurance Holdings Ltd (BIIH).
14 April 2008
Benfield wins Louisiana Citizens account
Reinsurance broker Benfield has won the Louisiana Citizens Property Insurance Corp account from rival Guy Carpenter in a beauty parade that also included Aon Re Global.
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
Guy Carpenter to axe 350 jobs
Guy Carpenter & Co is preparing to cut around 13 percent of its global workforce, as the reinsurance intermediary responds to the tough market conditions, The Insurance Insider can reveal.
11 April 2008
Dresdner sale would ‘end drag’ on Allianz
Analysts have welcomed reports that Russia’s largest bank Sberbank is considering buying Allianz unit Dresdner Bank’s investment banking business.
11 April 2008
R&SA continues legacy disposal with Codan portfolio sale
Royal & SunAlliance (R&SA) 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.
11 April 2008
Buffett builds Munich Re stake
Berkshire Hathaway has bought one million shares in German giant Munich Re in the last six months, according to reports.
10 April 2008
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