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  • One of the largest, and most complicated, pool schemes of arrangements is in the offing after the manager of the London-based WFUM pools has written to policyholders to give them early notice of plans to propose a unified series of schemes...
  • The legal team of former AIG CEO Maurice "Hank" Greenberg has published a "white paper" critiquing the company's restatement of its 2004 results.
  • UK broker Heath Lambert Group is set to undergo another capital restructuring only 18 months after a debt-for-equity deal with its bankers.
  • Supporters of solvent schemes of arrangement have received a series of welcome boosts following July’s High Court refusal to approve the British Aviation Insurance Company (BAIC) scheme, citing concerns that some policyholders were not being given...
  • Embattled insurance giant AIG has pointed the figure at its former management for contributing to a mountain of accounting errors and “inappropriate transactions” that over-stated its book value by some $2.7bn.
  • In our regular monthly International News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.
  • The Lloyd’s insurer Trenwick Managing Agency (TMA) is on the verge of announcing that it has successfully raised funds to buy-out the business from its distressed Bermudian parent, Insider Week can reveal.
  • The theme of managing capital and the role of (re)insurance took centre stage during a lecture by Brian Duperreault, the CEO of MMC, speaking at the Monte Carlo Rendez-Vous last week.
  • Rationale questioned as Cox answers back to concerns over reserving
  • The cover of the January 28 issue of Business Week reads “Special Report: Accounting in Crisis.” The crisis, of course, is Enron. It seems that the media are shocked, shocked to discover that many of America’s biggest companies lie, cheat, manipulate thei