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  • Maurice “Hank” Greenberg received a welcome Thanksgiving present last week when New York Attorney General Eliot Spitzer confirmed that he would not pursue criminal charges against the former American International Group chief executive.
  • Lloyd's finance director Andrew Moss surprised observers on 29 January when he resigned to become the Group finance director of UK insurer Aviva plc.
  • The Indian Ocean tsunami will probably cost Lloyd’s insurers less than $500mn, the Corporation’s chairman has claimed.
  • UK general insurer Royal & Sun Alliance plans to open offices in key provinces across China starting this year.
  • Former Catlin senior vice president Francis "Bud" Lockwood has been named as president of Montpelier Re's US unit, Montpelier Underwriting Inc (MUI).
  • Recently merged New York law firm Dewey & LeBoeuf LLP has opened a full service office in Dubai, with a primary focus on corporate finance.
  • BlackRock, one of the five biggest holders of London-listed insurance equities, has slashed its stake in Omega Insurance by more than half.
  • A total of nine (re)insurers updated their loss estimates for first quarter Antipodean cats this week, adding up to $860mn to the tally for February's Christchurch earthquake as well as the Australian flooding and cyclone earlier this year.
  • Despite a hearing headed by the Pennsylvania insurance commissioner, Diane Koken, last week, ACE Ltd is no closer to knowing whether the proposed controversial sale of three asbestos-riddled subsidiaries...
  • American International Group (AIG) has used the proceeds from its sale of MetLife stock to reduce its obligations to the US Treasury by a further $6.9bn, bringing the balance repaid in 2011 to $36bn.