Reithian values

Having resigned in the late summer of 2000, Martin Reith had a long period in the garden to look forward to. By the following year, he was in Maurice 'Hank' Greenberg's office asking AIG to back his venture, Ascot Underwriting. Ralph Savage finds out if his fingernails have grown back

"I was introduced to Maurice Greenberg over lunch on the 63rd floor of 70 Pine Street, New York, and I had an hour to sing for my supper," explains Martin Reith, chief executive of Ascot Underwriting

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ABI insists fire safety scheme is temporary

Mervyn Skeet, the Association of British Insurers’ director of general insurance, has outlined how the trade body will ensure the Fire Safety Reinsurance Scheme will only last three to five years, and how it will should end criticism of brokers earning commission for arranging cover.

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