AIG
Editor's comment: What next for Quinn?
Tuesday saw a flurry of activity following the news that the High Court in Ireland had appointed provisional administrators to Quinn Insurance, on an application by the Financial Regulator.
Prudential to pay out £20m in bonuses to AIA key staff
Prudential is planning a multi-million pound bonus scheme to lock in executives at AIA, the Asian arm of AIG it is in the process of acquiring.
Greenberg: US businesses China ties at risk
The former AIG head Hank Greenberg has said the row between the US and China over the yuan could threaten US businesses in the region.
AIA directors to quit ahead of Prudential deal
Two senior executives have said they would leave AIA, the Asian arm of AIG, just weeks after plans were announced to sell the company to Prudential for $35.5bn.
‘Troubling’ bailouts punish best companies - Chubb
Chubb CEO John Finnegan, said government bailouts punish the best-run companies and impede the functioning of markets.
Miller looks to Markel to boost Singapore team
Miller Insurance Services has announced that Paul Cheng has joined its office in Singapore.
Chartis shake-up linked to Solvency II
Chartis UK chief executive Alexander Baugh has been appointed president and CEO of Chartis Europe Holdings.
Extending the definition of "too big to fail" could have severe consequences
The definition, which is currently being discussed in the US senate, could have severe consequences for the insurance industry according to Scott Harringdon, professor at the Wharton School.
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…
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.