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Greenberg receives fillip as Spitzer will not pursue criminal charges
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.
28 November 2005
Moss and Fisher in surprise departures
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.
01 February 2004
Lloyd’s tsunami hit lower than $500mn
The Indian Ocean tsunami will probably cost Lloyd’s insurers less than $500mn, the Corporation’s chairman has claimed.
31 January 2005
R&SA to roll-out China presence
UK general insurer Royal & Sun Alliance plans to open offices in key provinces across China starting this year.
21 January 2008
Montpelier Re US unit welcomes new chief
Former Catlin senior vice president Francis "Bud" Lockwood has been named as president of Montpelier Re's US unit, Montpelier Underwriting Inc (MUI).
21 April 2008
Dewey & LeBeouf opens Dubai office
Recently merged New York law firm Dewey & LeBoeuf LLP has opened a full service office in Dubai, with a primary focus on corporate finance.
14 January 2008
BlackRock more than halves Omega stake
BlackRock, one of the five biggest holders of London-listed insurance equities, has slashed its stake in Omega Insurance by more than half.
07 February 2011
$860mn added to Antipodean cat tally in one week
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.
21 March 2011
$1bn Brandywine sale remains uncertain following hearing
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...
18 July 2005
AIG pays down bailout by another $6.9bn
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.
14 March 2011
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