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AIG Europe raises €680m

AIG Europe, the Continental European arm of stricken insurer AIG, has raised €680m in a capital raising, the company said in a statement.

Julio A Portalatin, AIG Europe's president and CEO said that the raising "completes the first phase of a restructuring plan which was started about one year ago. At the end of December 2008, we

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Storm damage claims test insurers’ settlement choices

A year of severe storms has strained repair networks and claims operations, which Ben Blain, head of property at Verisk Claims, points out has placed insurers’ settlement decisions, data oversight and ability to evidence fair customer outcomes firmly under the regulatory spotlight.

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