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AIG’s glow dulled by criticism
US legal industry takes umbrage, while impressive earnings questioned February was a memorable month for AIG and its legendary patriarch Hank Greenberg but not all for the right reasons. It started off well, as the Group revealed a “record” 68 percent
01 March 2004
R&Q, Randall victorious in bitter run-off dispute
A bitter dispute involving two run-off giants culminated today in a victory for Randall & Quilter (R&Q) affiliate Cavell USA and R&Q founder Ken Randall against two insurance companies connected to Bermuda-headquartered Enstar Group.
11 December 2008
European insurers - failing to impress
The share prices of European insurers are tumbling as investors get the jitters over a series of worsening results and balance sheet strengthening capital raising exercises.
01 September 2002
Benfield's IPO set for mid June
Benfield, one of the world's largest reinsurance brokers, distributed listing particulars to potential investors on 28 May valuing the management owned firm at between £500mn-£660mn (midpoint £580mn). Despite moving its registration to Bermuda, last y
01 May 2003
Bermuda increases presence on world’s largest reinsurance contract
Bermudian (re)insurers are expected to play a bigger part in the world’s largest reinsurance contract for the International Group of P&I Clubs as broker Miller Insurance takes the programme to market ahead of next month’s renewal.
12 January 2007
Spiller resigns from Benfield
David Spiller has resigned from his position as CEO of Benfield Group’s International Division, the company announced in a statement to the London Stock Exchange last Thursday (7 July).
11 July 2005
US cat losses down to $9bn last year
Insured US catastrophe losses were down to $9bn last year, according to figures published by ISO’s Property Claim Services (PCS) on 16 January.
22 January 2007
Berkshire Hathaway cuts underwriting on increased competition
Although Berkshire Hathaway reported a 64 percent hike in third-quarter net income, underwriting profits from its (re)insurance operation nearly halved, from $917mn to $486mn.
09 November 2007
Eqecat puts Turkish losses at $100mn-$200mn
Catastrophe risk modelling firm Eqecat estimates that the earthquake that hit eastern Turkey on Sunday (23 October) has caused between $100mn and $200mn of insured losses
25 October 2011
AIG parts company with another Starr agency
Giant insurer American International Group (AIG) has formed a new unit, AIG Specialty Excess, in order to handle all in-force, new and renewal business currently handled by CV Starr & Co agency, a subsidiary of CV Starr & Co, Inc.
28 February 2006
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