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  • 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.
  • 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.
  • 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...
  • 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
  • US retail broker Arthur J Gallagher has acquired Florida consultancy form YS Liedman & Associates.
  • Global insurer pleased with restructured London operations but Lloyd’s presence likely to diminish further.
  • Underwriter Mark Warrilow has been promoted to head the crime book of business within the Specialty division of Markel International.
  • 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.
  • 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...
  • 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.