AIG
The Post Europe Interview : Lovells' Joaquin Ruiz Echauri
Santander's swoops for Abbey, Alliance & Leicester and Bradford & Bingley have seen the Spanish financial services giant rapidly become synonymous with savings - not to mention Lewis Hamilton - in the UK and a household name. Alongside the continued…
Baugh to head up European operation in Chartis shake-up
James Shea, currently regional president for Chartis Central Europe & Commonwealth of Independent States, will become managing director of Chartis UK.
Baugh to head up European operation in Chartis shake-up
James Shea, currently regional president for Chartis Central Europe & Commonwealth of Independent States, will become managing director of Chartis UK.
Greenberg to testify on Gen Re deal
A state judge has ordered that former AIG Chief Executive Hank Greenberg will be deposed about the controversial reinsurance transaction between AIG and General Re.
Transatlantic costs for Q1 catastrophe events up to $90m
Transatlantic agrees to purchase 2m shares from AIG and announces preliminary cost estimates for first quarter 2010 catastrophe events which have occurred to date.
AIG to sell non-US life unit to MetLife
AIG’s board of directors approved the sale of the division to MetLife on March 5th, according to newswire Bloomberg.
Prudential may exit some Asian lines after AIA swoop
Prudential may quit some countries in Asia should it seal the buy of AIG’s AIA, sources told newswire Reuters on Friday, allowing the bulked-up insurer to focus on key markets.
AIG to sell remaining stake in Transatlantic
Troubled American insurance giant AIG is to sell its remaining stake in Transatlantic as part of its sell-off programme that saw the insurer announce the sale of its Asian unit AIA to Prudential this week.
Power Place appoints regional heads
Power Place has restructured its 36-strong field based sales and consultant team into three distinct regions, each to be managed by three newly appointed senior regional managers.
What's up in construction and engineering?
Katherine Blackler examines the effects of the recession on construction and engineering markets along with the risks and opportunities for reinsurers presented in 2010
Former AIG boss unveils start-up
A personal lines underwriting agency, Halo Insurance, has been launched by AIG's former personal lines boss. It aims to provide niche products for the wholesale and retail markets.
Moody’s affirms Prudential’s Aa2 rating
Moody’s has reaffirmed Prudential’s Aa2 financial strength rating following the announcement that it plans to acquire American International Assurance Company.
AIG confirms AIA sale to Prudential
AIG has confirmed the sale of its AIA unit to Prudential for $35.5bn.
Prudential in takeover talks with AIG
UK insurer Prudential is in talks with AIG about buying the beleagured insurer's Asian operations in a multi-billion dollar deal.
AIG shares down 8% after reporting heavy losses
Shares in AIG were down 8% in mid-morning trade on the New York Stock Exchange after the beleagured insurer reported a net loss of $8.9bn in the fourth quarter of 2009.
AIG posts $10.9bn loss for 2009
AIG has reported a net loss of $10.9bn for the full year ending 31 December 2009.
Chartis forms captive practice group
Chartis UK has established a captive practice group to assist clients in dealing with current issues in the captive environment.
Looking Back - Recall costs could reach the billions
Insurers will not foot the bill for the biggest product recall in UK history — but the cost of paying out on related policies, defending claims and establishing liability, could reach billions of pounds.
UBS, Goldman said to get AIA IPO roles
Investment banking giants UBS and Goldman Sachs have been appointed joint bookrunners for the IPO of AIG's life unit, AIA, the Financial Times has reported.
AIG to keep up to $500m of derivatives on balance sheet
AIG is to keep $500m of derivatives from its defunct AIG Financial Products unit, Reuters has reported.
Heath Lambert launches council consortium
Heath Lambert is working with a group of district councils to establish a consortium for purchasing insurance cover in the face of pressure to cut public spending.
Beazley sets up M&A team
Lloyd's insurer appoints John McNally to head a new team in London focusing on insuring the contingent risks that can otherwise impede merger and acquisition transactions.
Transatlantic Re's earnings climb
Transatlantic Re becaome the latest US insurer to report improved earnings.
Lloyd's insurer signals motor intent with deal
Lloyd's insurer Ascot is targeting the UK commercial motor market for the first time after striking a deal with Chelmsford-based broker and underwriting agency Direct Commercial.