AIG
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.
Torus adds two brokers to start San Francisco business
Insurer Torus said that it is opening an office in San Francisco.
D&O expert joins Marsh from Chartis
Marsh has appointed Eleni Petros as a senior vice president in its financial and professional practice.
AIG unit CEO to retire
AIG's aeroplane leasing unit International Lease Finance Corporation (ILFC) said that its CEO Steven F. Udvar-Hazy will retire as director and chief executive officer is to retire.
Former AIG vice president takes new non-exec role
Phil Green joins the Wesleyan Assurance Society board.
Chartis seconds analyst to fraud bureau
Chartis is seconding an analyst from its financial crime unit to the Insurance Fraud Bureau for three months.
US authorities are set to investigate the AIG bail-out
The US bail-out watchdog is to investigate AIG's rescue, the BBC has reported.
Chartis analyst seconded to IFB
Iain Jones to spend three months with bureau
Chartis grabs chief risk officer from Validus
Former AIG P&C business adds Samir Shah from Bermudian rival
Sterling strengthens commercial team with hires from AIG and Aviva
GI boss Sweeney said recruits would help develop Sterling's expertise.
Brit adds to Global Markets team
Neil Russell and Joachim Tolle join insurer
Nick Grazier new vice president of Chartis UK
Grazier to succeed Ann Owen as vice president of UK business.