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Endurance makes Bermudian promotions
Bermudian (re)insurer Endurance Specialty Holdings last week announced Susan Patschak and Christopher Schaper as chief operating officer and head of reinsurance respectively at its Bermudian operating subsidiary.
23 January 2006
Benmosche's AIG pay deal announced
Robert Benmosche, American International Group (AIG)'s new chief executive, will receive annual pay of $7mn in cash and shares and is in line for a bonus of $3.5mn a year.
24 August 2009
QBE Europe puts 200 IT staff in consultation over restructure
QBE Europe has kicked off a 90 day consultation period with staff over potential redundancies as it looks at restructuring options for many of its support functions...
20 July 2009
Virgin account to test airline rates as aerospace continues to slide
The 1/5 renewal for Virgin will be a bellwether on the health of the airline market following signs earlier this year that rates had finally stopped falling.
06 May 2008
US Court upholds $500mn asbestos settlement against Travelers
The US Supreme Court has reinstated an approximate $500mn settlement in an asbestos lawsuit against US insurance giant The Travelers Casualty Companies (Travelers).
22 June 2009
London calling for Kendrick in ACE reshuffle
ACE announced today a reshuffle of senior executives at its Bermudian and European operations, with current ACE Bermuda president and CEO Andrew Kendrick moving back to London to take on the role of chairman and CEO of ACE European Group.
15 November 2004
Morgan Stanley gives green light on reserves
The reserving crisis that has seen some of the industry's biggest players blighted by a series of heavy charges to financials in recent years appears to be easing, according to research by analysts at Morgan Stanley.
18 April 2006
CFO pay: Brokers and Bermuda examined
Total remuneration of chief financial officers across a sample of Bermudian (re)insurers and global brokers fell slightly in 2011, analysis by The Insurance Insider shows.
16 July 2012
Brit buys Creechurch property rights
The expansive insurance group Brit announced this week that it has acquired renewal rights to the property insurance portfolio of Creechurch Underwriting, the small Lloyd’s insurer.
13 October 2003
AIG names former Metlife chief CEO
American International Group (AIG) has turned to another former head of a US insurance giant to chart the troubled waters after last September's government bailout, with the appointment of Robert Benmosche as its new CEO.
03 August 2009
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