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AIG’s execs pay slashed 91 percent
American International Group’s (AIG) challenge of retaining its key management may have got tougher today (22 October) after the Obama administration’s pay tsar Kenneth Feinberg imposed brutal cuts on the salaries of its most senior executives.
22 October 2009
Chiltington managing director leaves to form new run-off consultancy
Jeremy Fall, the managing director of (re)insurance consultants Chiltington International, has left the group to form a new run-off advisory firm, Quest Consultants.
15 August 2005
Sentencing postponed in Spitzer guilty pleas
Three US insurance executives who pleaded guilty to charges arising from New York attorney general Eliot Spitzer’s investigations into the industry will not be sentenced until next year after the presiding judge postponed his decision. Former Marsh...
03 October 2005
Company pensions - counting the cost
Laptop looks at Lloyd’s and ILV pension deficits and questions the increasing actuarial control... Actuaries Lane, Clark and Peacock estimate that, out of the 90 companies in the FTSE-100 index, only 13 showed a surplus of assets over liabilities in th
01 September 2003
Gallagher acquires consultancy
US retail broker Arthur J Gallagher has acquired Florida consultancy form YS Liedman & Associates.
15 May 2006
ACE applauds London trading floor
Global insurer pleased with restructured London operations but Lloyd’s presence likely to diminish further.
21 July 2003
Warrilow promoted to head Markel’s crime unit
Underwriter Mark Warrilow has been promoted to head the crime book of business within the Specialty division of Markel International.
22 August 2005
PL reserve improvement aids Chubb
Helped by a 6 percent increase in net premiums written to $3.1bn, US insurer Chubb saw operating profits rise to $461mn, or $2.28 per share, from $341mn, or $1.77 a share, for the year earlier period.
01 August 2005
Scade to head up Guy Carp A&H unit in London
Ex Aon Re executive director Shaun Scade has joined Marsh’s reinsurance arm Guy Carpenter & Co Inc to head its accident & health specialty practice in London. Scade – who joins as a senior vice president – will report to Nick Frankland, the head of...
06 March 2006
AIG succession secret held in letter
AIG director Frank Zarb will be responsible for revealing Maurice “Hank” Greenberg’s testament when the insurance giant’s legendary patriarch decides to leave the company.
05 April 2004
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