AIG
Ex-AIG's Cassano defends no-losses proclamation
The former head of the AIG unit that led to a $182bn bailout pledge from taxpayers stood by a 2007 proclamation that the insurer would not lose even a dollar on a portfolio of securities that included subprime mortgages.
Interview - Lyndon Wood: Daring to be different
Moorhouse boss Lyndon Wood spent last year in the Dragon's Den. Literally. He talks to Mairi MacDonald about growth plans, admiration for Adrian Colosso and pigeon psychology.
US Congress passes financial reforms
On Friday, after a marathon 20-hour debate, the US Congress passed an amended version of the Dodd-Frank Bill which includes measures to prevent more AIG-style bailouts and a federal insurance regulator.
Cat bond prices fall
Catastrophe bonds have seen their sharpest slump since 2008 as forecasters predict a busier-than-usual Atlantic hurricane season.
Brokers Link chief exec
Insurance intermediary network Brokers Link has named Leonard Battifarano as its new chief executive.
View from the top: The new watchword
Efficiency has become the watchword of the new government, as it looks for savings to combat the UK's budget deficit. The same watchword could be applied to businesses. While the likelihood of a double dip recession has lessened, we are still at a…
Rivals set to vie for Halliwells business
Law firm Hill Dickinson is understood to be considering buying the assets of rival Halliwells.
SEC ends probe of AIG and executives
US regulators have closed an investigation of AIG and some of its executives over the insurer's near collapse in 2008 that led to a $182bn government bailout, according to newswire Reuters.
Interview - Stephanie Watkins: From speeding tickets to cricket wickets
Leigh Jackson talks to HSB UK's American chief executive officer and managing director of engineering insurance Stephanie Watkins about her past as a police officer in the US and her curious love for cricket.
Risk managers urged to consider insurance for M&A deals
There are signs of resurgence in the mergers and acquisitions market after the comparative down-turn in 2008 and 2009, with the number of warranty and indemnity policies written by Chartis Insurance in the UK in 2010 forecast to increase by more than 100…
Penny Black's Insurance Week
Insurance and West Bromwich Albion have not appeared in conjunction too often in this column in the past — bar one reference to Baggies fan and Towergate CEO Andy Homer's lucky pants, perhaps.
Rehabilitation - PAS 150: Starting the journey
In the second article of a two-part series on the new rehabilitation code of practice, Lynn Rouse explores concerns about cost, cohesiveness and potential public sector failure to join their private provider counterparts in the journey to compliance.
Stonebridge looks to expand
The former operations director of energy specialist Oamps has joined the board of Epsom-based broker Stonebridge Corporate.
DoH to meet with industry over insurance for independent midwives
The Department of Health is set to meet with industry figures next week to discuss the provision of insurance for independent midwives, Post has learnt.
Regional review - Manchester: The Mancunian way
Manchester is a diverse city, full of character and currently undergoing something of a rebirth. Daniel Dunkley visits the city and finds a thriving insurance market.
Generali named as suitor for AIA
Generali may be interested in buying the AIG Asian unit, according to Italian newspaper reports.
Results: Rollercoaster results characterise Q1 2010
As first-quarter results emerged around the globe in May, we have seen some clear winners and losers with many suffering from heavy catastrophe losses, writes Katherine Blackler.
Pru AIA bid collapse to cost insurer £450m
Prudential has said the collapse of its $35.5bn takeover of AIG’s Asian unit will cost it about £450m ($660m).
Prudential AIA bid collapses
Prudential’s bid to acquire AIG’s Asian arm, AIA, has collapsed in the early hours of this morning, according to reports.
BVCAIS targets 10% D&O rate reduction
Members of the British Private Equity and Venture Capital Association could benefit from a 10% reduction in premium rates after the launch of BVCA Insurance Services.
Aspen recruits ex-AIG manager to head new operattion
Aspen Insurance Holdings has appointed Heinz Eggenberger as general manager of Aspen’s new Switzerland based-general insurance business.
Prudential faces ‘no’ votes over AIA deal
F&C Investments and Cavendish Asset Management, two investors in the insurer Prudential, have both indicated they are to vote ‘no’ on the firm’s proposed acquisition of AIG’s Asian arm, AIA
Prudential confirms talks to renegotiate AIA deal
Prudential said it was trying to negotiate a cut in the $35.5bn it has agreed to pay for AIG's Asian unit, AIA, amid fears its shareholders might block the deal as too expensive.