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US government injects $40bn equity into AIG
Troubled insurance giant American International Group announced on 25 November that it had completed a $40bn preferred stock sale to the US Department of Treasury...
01 December 2008
Hannover Re sees Q1 profit increase
Hannover Re's net profits rose by more than a fifth to EUR151.5mn in the first quarter, according to the reinsurer's interim report.
20 May 2008
Xchanging and Advisen team up to launch ACORD messaging hub
Back office service provider Xchanging and market information and analysis firm Advisen Ltd are teaming up to launch an ACORD messaging hub for the London Market.
08 May 2007
Spiller to chair Lloyd's insurer
The former CEO of Guy Carpenter, David Spiller, has been appointed chairman of Lloyd's insurer Heritage Managing Agency plc.
21 August 2008
Kiln Syndicate $837mn in red on Sri Muang loss
Syndicate 1880, the Kiln-managed syndicate used by Tokio Marine for intra-group reinsurance, has incurred a loss of $840mn after it was hit by $731mn of claims originating from the parent company's Sri Muang joint venture in Thailand.
10 April 2012
RenRe elects Klehm to board
Bermudian reinsurer RenaissanceRe has elected Henry Klehm III to its board of directors - bringing the total on the board to 11 of which nine are independent.
30 May 2006
Groupama replaces CEO from within
Groupama has appointed a new leadership team to replace deposed CEO Jean Azéma
25 October 2011
Charges hit AIG’s fourth quarter profits
The weight of over $2bn in two major fourth quarter charges sent American International Group’s (AIG) net income plummeting by 72 percent, it reported on 16 March. AIG reported net income of $444mn for the quarter after it settled with regulators for..
20 March 2006
Benfield recruits Swiss Re chief
A trend gathering pace? Benfield Group has become the latest broker to recruit from a reinsurer with the appointment of former Swiss Re chief Patrick Murphy-O’Connor to its management team.
20 September 2004
R&SA continues turnaround of ongoing operations
As UK insurer Royal & Sun Alliance (R&SA) continues the hunt for a solution for its discontinued operations in the US, it revealed last week that it also plans to sell part of its ongoing business with the divestment of its non-standard auto unit.
14 March 2005
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