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Smith follows Greenberg out of boardroom door
American International Group (AIG) disclosed last week that Howard I Smith, the company's former chief financial officer, has resigned from its board.
13 June 2005
Merrill Lynch affirms Axa ‘buy’ recommendation
Merrill Lynch analyst Blair Stewart has reaffirmed his “buy” recommendation on Paris based (re)insurance giant Axa, while also increasing its price objective by 4 percent to EUR25.
13 June 2005
Lloyd’s investment funds for private capital
Lloyd’s members’ agency CBSPC has launched a new investment fund for private capital.
13 June 2005
Equitas optimistic despite asbestos boost
Despite boosting asbestos reserves by £167mn, Lloyd’s pre-1993 run-off vehicle Equitas heralded a year of progress which has left it in a stronger financial condition as it announced its financial results for the year ended 31 March 2005 today (7 June).
13 June 2005
Amlin confirms takeover talks with Chaucer
Amlin plc confirmed last week that it is in discussions with fellow Lloyd’s insurer Chaucer plc about a possible takeover.
13 June 2005
EC launches insurance investigation
After approving competition directorate proposals, the European Commission (EC) has today (13 June) announced the launch of a competition investigation into the commercial insurance sector.
13 June 2005
Benfield shares fall as it warns on 2005 profits
Reinsurance broker Benfield Group has warned that 2005 profits will be lower than last year because of an increasing cost base.
13 June 2005
'NEW SCOR' to shed jobs
French reinsurer SCOR last Friday (10 June) announced restructuring plans, reflecting the change in its profile brought about by the so-called “Moving Forward” plan actioned by the group in August last year to continue its recovery.
13 June 2005
New chief claims officer for ZFS
Switzerland based (re)insurer Zurich Financial Services (ZFS) has appointed Jane Tutoki as its new group chief claims officer for the general insurance business.
13 June 2005
FM Global issues $300mn cat bond
FM Global announced last week its first involvement with catastrophe bonds after Goldman Sachs placed a $300mn bond covering earthquake activity in the Northwest region of North America.
13 June 2005
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