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  • American International Group (AIG) completed the sell-off of part of its asset management business to Asian investment firm Pacific Century Group - the fourth deal that it has announced in the last month.
  • Fairfax Financial Holdings controlled US reinsurer Odyssey Re reported a 25 percent decline in its second quarter profits, which fell to $145.5mn from $207.6mn in the prior-year period.
  • Both Swiss Re and Munich Re revealed growth in their 1 July-renewing treaty reinsurance portfolios, but that appeared to be one of the few shared trends in their contrasting Q2 financials last week.
  • Bermuda based (re)insurer XL has confirmed the appointment of Peter Bilsby as senior vice-president of its aviation arm. Bilsby, who will join the company early in 2005, is currently on gardening leave from his present position as joint managing director
  • Integro Ltd, the US insurance broker formed in response to the regulatory scrutiny into the US broking industry, has announced that Charles Waddington will join its facultative (Fac) team from Guy Carpenter & Co.
  • WTC leaseholder Silverstein Properties and insurers led by reinsurance giant Swiss Re are litigating over which contractual wordings the various parties used in placing the building’s insurance cover.
  • New York attorney general Andrew Cuomo has received the go-ahead for a bid-rigging lawsuit against Liberty Mutual Group companies from the state's Supreme Court.
  • Guy Carpenter’s Adam Fox is set to join fast-expanding London market broker Glencairn Ltd, Insider Week can reveal.
  • Cat modeling pioneer Jayant Khadilkar has joined US reinsurance broker TigerRisk as a partner. The move sees him reunited with former RenRe CEO and TigerRisk co-founder Jim Stanard.
  • Aon Ltd has won part of the global PricewaterhouseCoopers account from rival Marsh, Insider Week can reveal.