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  • The Financial Services Authority (FSA), the UK regulatory body, has approved the sale of run-off (re)insurer Chevanstell to an investor group little more than two months after the deal was first announced.
  • American International Group (AIG) has slashed senior executive remuneration as a gesture to its new US political paymasters and in an attempt to speed the group to recovery, with CEO Ed Liddy earning a $1 salary for 2008-2009.
  • Former Lloyd's underwriter David Forrest has used his insurance savvy to promote Flashpoint to the premier league of film financing.But insurers retreat in the wake of market film losses - and the prospect of litigation - could cause problems. And not eve
  • ACE Ltd’s chief executive Brian Duperreault has sent a strong signal over his preferred successor with the appointment of Hank Greenberg’s son Evan to the post of ACE’s president and chief operating officer.
  • Novae Group plc looks set to open an international general liability account later this year, Insider Week understands.
  • World Trade Center insurers won a ruling last Tuesday (31 October) that means they won’t have to pay out an additional $700mn to make the replacement buildings “bigger and better”.
  • Paul Milton, the chairman of Aon Professional Risks (APR), retired from the broking giant last month.
  • Jardine Lloyd Thompson Group plc (JLT) has disbanded its Risks Finance business which provided alternative risk transfer products and looks set to part company with the unit head John Lobek, Insider Week can reveal. The move appears to be the latest co
  • The Lloyd’s chairmanship goes part-time, with Max Taylor stepping down Gone are the days when the prestige Chair of Lloyd’s could guarantee plenty of time to play golf with the chaps, and a nighthood for your troubles. By returning the role to a part-
  • As reinsurers drop out of the PA market, what are the consequences for the London market? After years of operating as a soft, reinsurance-reliant sector, the London accident and health market is finally experiencing a rapid hardening of rates and a...