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  • American International Group chairman Hank Greenberg will formally part company with the insurance giant this week – only two weeks after agreeing to step down as the company chief executive.
  • Gallagher Global Risks, the London based international insurance arm of AJ Gallagher & Co, has recruited the former head of Lloyd's Spanish operations David Battman to the new post of Director of International Development & Strategy.
  • Confirmation of the steep rise in catastrophe exposed reinsurance came from Guy Carpenter & Co which revealed that rates have increased this year by 76 percent in the US and 129 percent in Mexico.
  • Minster Insurance, the Audley Gilroy-owned firm's proposed solvent scheme of arrangement, tomorrow (16 March) will find out finally if it has the go-ahead in the UK High Court.
  • Faced by a softening product market, US retail brokers are increasingly turning to aggressive acquisition strategies to achieve revenue and profit goals, according to the latest report from investment banking firm WFG Capital Advisors.
  • Despite unveiling hurricane losses of $3.4bn for last year, Berkshire Hathaway Inc said it remains committed to writing catastrophe (re)insurance.
  • Despite fears of a difficult 2006 renewal for the International Group of P&I clubs with predicted 20 percent plus rises in reinsurance as the programme was hit by hurricanes and shipping accidents, the reality was much more benign, according to broker...
  • Alea finds Cloutier replacement; Armour Re scoops Pro exec as group VP; Compre opens Swedish service firm
  • Global reinsurance giant Munich Re is resuming the share buyback programme it cancelled seven months ago at the nadir of the global financial crisis, citing a "stabilised economic environment" and "unneeded capital".
  • Barlow Lyde & Gilbert (BLG) has parted company with the head of its reinsurance and international risk practice, Colin Croly. Meanwhile, it is understood that another of the law firm’s big hitters in the practice, Roger Doulton, has also left BLG to join