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  • Brit joined the consensus beaters posting "record" half-year profit before tax of £31mn, compared to last year's loss at the same stage of £4.3mn and well above analysts' expectations of £18-19mn.
  • Giant insurer American International Group (AIG) has taken legal action in an effort to seize $20bn of its own shares from the control of ousted former chief executive Maurice “Hank” Greenberg, according to reports last week (29 September) in the Wall...
  • A US federal judge will allow a group of Ohio pension funds to pursue a huge securities fraud lawsuit over alleged false statements regarding American International Group (AIG), but has also limited equity holder claims.
  • The Audit-Committee Report AIG is arguably the greatest insurance organization in the world. As such, it deserves more scrutiny than other companies. In its reports for the years ending 2001 and 2000, AIG's audit committee disclaimed virtually all r
  • Chaucer's new owner The Hanover is to take catastrophe losses of $145mn-$160mn in the second quarter, more than doubling the US insurer's previous loss tally from tornadoes in April
  • Arthur J Gallagher was the first of the major brokers to publish its first quarter 2006 results last week - setting a scene of competitive trading conditions likely to be followed by its rivals over the next few weeks.
  • Jeremy Pinchin, the head of Reinsurance and Claims at the Society and a senior member of the Franchise Performance directorate, has resigned from Lloyd’s.
  • Munich Re executives met with London based analysts and fund managers earlier this month as the reinsurer sought to reassure the City in the light of its shock downgrade by rating agency Standard & Poor's. In August, Munich Re suffered the humiliatio
  • The US Securities and Exchange Commission (SEC) has filed a suit in a DC court asking for the Securities Investor Protection Corporation (SIPC) to be made to act to protect investors that lost money through the alleged Ponzi scheme administered by Allen Stanford's US broker-dealer.
  • Lloyd’s insurer Atrium Underwriting plc today (26 April) announced pre-tax profits of £10mn for last year, 68 percent down on 2004’s record return of £31.6mn.