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There are 67,631 results that match your search.67,631 results
  • AIG Attacks Credit Suisse Over Film Finances Losses
    Insurer’s refusal leads to default on up to $183mn of CSFB Flashpoint bonds, but will the tactic backfire? According to the industry quip, AIG's unofficial motto is “make a claim, and we'll sue you”; a cheap shot at the world's largest insurance compa
    01 June 2001
  • AIG's 'Hostile' Takeover Attempt for American General - Is AIG’s Stock Too High? Ask’s David Schiff
    On 3 April 2001, after the market had closed, AIG announced an unsolicited $46-per share offer to acquire American General in a $23bn stock transaction - a 25 percent premium over the closing price. One wouldn't go so far as to call Hank Greenberg a co
    01 May 2001
  • Independent for How Much Longer?
    On 6 March Independent Insurance Company ceo Michael Bright made the following upbeat statement about Independent's 42 percent fall (from £69.8mn in 1999 to £40.1mn for 2000) in anticipated profits:
    01 May 2001
  • Lloyd's Market Results 1998
    Continued poor forecasting adds to dismal performance of Syndicates In February 2000 Douglas Morton joined the Corporation of Lloyd's as Chief Analyst, reporting directly to Pat Hakong in the Market reporting and Solvency Department. His appointment ha
    01 May 2001
  • Benfield Blanches out
    Benfield’s $179mn acquisition of E W Blanch (EWB) catapults the privately owned broker into the world’s third largest broker reinsurance slot, behind Aon and Guy Carpenter (Marsh) Benfield had made no secret of its desire to expand its US operations. E W
    01 May 2001
  • Willis Seeks Place in the Sun
    Willis relocates to Bermuda; proposes a partial offering of its stock in the United States; and Kohlberg, Kravis Roberts announce that they're not quite ready to sell their shares just yet etc.
    01 May 2001
  • Trenwick International
    Michael Watson, the former Chief Executive of Unicover afflicted Odyssey Re, is to replace Pierre Croizat as the new Chief Executive of Trenwick International, the London arm of Bermuda-based insurer Trenwick Group Ltd. Watson is joined by James Giordano,
    01 May 2001
  • Salem to face witch hunt
    Norman Salem, the former Reliance underwriter and manager of US mga Global Managers, has upset various Lloyd's syndicates including Alleghany after large losses on his Legion fronted US energy and engineering account.
    01 May 2001
  • FINPRO team to join First City
    First City, the independent Broker specialising in insurance for financial institutions, will recruit the five strong FinPro team that resigned from Marsh's Financial and Professional Indemnity division (FINPRO) subsidiary last month. The move will contin
    01 May 2001
  • Stirling Cooke renames as Atlantic Star
    Stirling Cooke Brown's path towards redemption has taken a further step with the announcement of a re-branding exercise and the appointment of Tony McCallum as the new managing director of the Company's London operations. As a result of the re-branding SC
    01 May 2001
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