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New appointments at HSBC
On 1 January Richard Harrison was promoted to divisional managing director for marketing. Harrison was joined by executive director Malcolm Kingsbury, assistant director Mark Hennis, sales director Steve Horner and chief...
16 January 2006
Harding takes over Marine at SBJ
Andrew Harding has been appointed chairman of the Marine Division of expanding insurance broker SBJ Limited.
05 June 2006
Franchise board will be flexible
Lloyd’s franchise performance director Rolf Tolle wrote to Lloyd’s insurers last week explaining he will use his discretion in implementing the franchise performance guidelines.
18 August 2003
Spitzer probes finite reinsurance products
New York attorney general Eliot Spitzer is continuing to broaden his probe into the insurance industry by opening an investigation into products such as finite reinsurance, which can help enhance financial statements.
08 November 2004
HIH schemes approved by UK court
The schemes of arrangement for four HIH companies were approved in the UK High Court on 12 June. The schemes became effective on 13 June 2006 when the Court Orders were lodged with Companies House.
19 June 2006
AEGON releases $650mn with securitisation
Dutch insurance giant Aegon has completed a capital management transaction...
19 October 2009
Paris Re profits hit by cats
Recently-listed European reinsurer Paris Re suffered a drop in profits after exposure to 2007’s catastrophes negatively impacted its bottom line.
03 September 2007
Pay czar cracks down on second-tier AIG executives
US "pay czar" Kenneth Feinberg has capped the annual cash salaries for American International Group (AIG) employees at $500,000 as part of a move on "second tier" executive pay at bailed out corporations.
17 December 2009
MMC rejects Kroll buy-out offer
An approach from former European chairman of Marsh, McLennan Co's (MMC) security consulting arm, David Buchler to buy the firm for $1.5bn has been rebuffed.
06 May 2008
Montpelier Re announces first dividend
Bermudian reinsurer Montpelier Re has announced its first ever quarterly dividend payment of 34 cents a share, payable on 15 January to holders of record from December 31.
01 December 2003
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