AIG
AIG ups global D&O Side A capacity
Insurance giant AIG has increased its capacity for Side A director and officers liability insurance to $100m.
Market fears unrated insurers could take advantage as XL cuts solicitors’ PI book
XL’s withdrawal from the solicitors’ professional indemnity market for smaller firms has sparked fears that some companies could be pushed further into the arms of unrated carriers.
Ace appoints Russell as senior PI underwriter for UK and Ireland
Ace Group has appointed Geoff Russell as regional senior professional indemnity underwriter for the UK and Ireland.
Market Moves: Bluefin continues restructuring, while Questgates gets on the case with key hires
Appointments were spread across the market this week. At AIG, Jason Beelders was promoted to a newly-created role in London, while Bluefin once again hogged the headlines in the broking sector following news of an expanded role for head of solutions Mike…
The Insurance Fraud Awards shortlist 2013
Growing once again in popularity, the fifth annual Insurance Fraud Awards received a record number of entries and we are delighted to announce the shortlist.
AIG appoints Jason Beelders to lead new partner network
Jason Beelders has been named head of AIG Europe’s newly formed multinational network partner practice, based in London.
Generali, Prudential and Ping An among list of global systemically important insurers
The Financial Stability Board has published the list of global systemically important insurers with views to developing a policy framework to address the risks these firms they are thought to present.
Aviva, Allianz and Axa named as global systemically important insurers
The Financial Stability Board has published the list of global systemically important insurers with views to developing a policy framework to address the risks these firms they are thought to present.
Greenberg launches Spitzer defamation suit
Maurice “Hank” Greenberg has filed suit against former New York state governor and attorney general Eliot Spitzer, accusing the politician of a campaign of defamatory statements.
Post Audio Supplement - 11 July 2013
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AIG takes yacht protection to Australia
AIG private client group has extended its yacht insurance product to Australia.
Relive the 2013 British Insurance Awards: Video Highlights
The 2013 British Insurance Awards was last week widely praised as “the best ever”.
AIG said to be lead insurer for Asiana crash
AIG has been named as the lead insurer providing cover for the Asiana Airlines crash in San Francisco airport on 6 July, Bloomberg reported.
Airmic’s basis contract clause campaign bolstered by heavy hitters
Lloyd’s market remains reticent to address elimination of avoidance clauses.
Editor's comment: The spectre of Spitzer returns
In 2004, the US insurance broking industry came under attack as then New York Attorney General Eliot Spitzer declared war — with allegations of kickbacks, rigged bids for insurance contracts and opaque practices, including contingent commissions.
Antares hires ex-AIG CEO Sullivan as non-executive chairman
Antares Managing Agency has appointed Martin Sullivan as non-executive chairman.
British Insurance Awards 2013: Underwriter of the Year
The sky's the limit
Zurich, Direct Line Group, Cunningham Lindsey and Allianz among winners at 2013 British Insurance Awards
Reg Brown, chairman of the Managing General Agents Association, was honoured at the British Insurance Awards last night, receiving the Achievement Award.
Octo eyes up UK telematics opportunities
Telematics systems provider Octo Telematics has relocated its frontline operation from Italy to London in a bid to take advantage of opportunities in the burgeoning UK telematics market and to build stronger ties with both the insurance and manufacturing…
AIG appoints major account manager in Asia Pacific
Rudi Spaan has been appointed head of brokerage distribution and client management, Asia Pacific at AIG.
R&Q and MPPA reach agreement
Randall & Quilter has reached an agreement with MPPA Insurance to receive by way of novation all contracts underwritten by MPPA.
Claims Awards 2013
The Post Claims Club celebrated its 10th year in style last week at the Grosvenor House Hotel with the Third Annual Claims Awards.
Claims Awards 2013: Innovation of the Year – AIG
AIG’s use of the latest technology has revolutionised its investigation reporting, heralding a dramatic drop in time taken to assess and process claims, bringing benefits to policyholders.
Post Claims Awards - Ageas, AIG, Allianz, LV, Hiscox and RSA among the winners
LV and Ageas both won individual and team awards at last night's Post Claims Awards at the Grosvenor House Hotel.