AIG
AIG starts disposing shares in Hong Kong business
American International Group has commenced a sale in Hong Kong of up to $2bn worth of ordinary shares of AIA Group by means of a placing to certain institutional investors.
Marsh issues solicitors' PI cover warning
Marsh has urged law firms to carefully consider their length of professional indemnity policies during the October renewal with a future influx of market entrants likely to drive down rates.
Sale frees NY fed of AIG toxic assets
The Federal Reserve Bank of New York has made billions of dollars in revenue for US taxpayers with the sale of the last toxic assets acquired through its bailout of AIG in 2008, according to US press reports.
Travelers appoints Abramson European head of Legal from Flagstone
Travelers has appointed John Abramson as head of legal and compliance for its European businesses.
Travelers snaps up Chartis boss for legal role
Travelers has appointed John Abramson to head of legal and compliance for its European businesses.
Insurance Stategy 2012: Chartis UK MD Aubert to offer insights into volatile market
Chartis UK managing director Nicolas Aubert will join the Insurance Strategy line-up next month to take part in a panel discussion.
Markel UK recruits broker manager from Chartis
Markel International has appointed Julia Churchill as broker development manager for the southern region.
Latest AIG share sale to net US Treasury $750m
The US government expects to receive $750m (£481m) from the latest sale of stock held in American International Group.
Chartis International returns to profit in H1 2012 with 16 point COR swing
Chartis International has reported an operating income before net realised gains of $802m for the first six months of 2012 (2011 H1 $480m loss) on net premiums written of $9.33bn (2011 H1: $9.25bn).
Olympics: A golden opportunity
The Olympic Games are now well underway, with top athletes and millions of tourists now in the UK. But are businesses able to reap the benefits? Or are the problems associated with such an influx unbeatable?
Chartis to offer MENA clients $1.5bn per-risk capacity
Chartis, the property and casualty arm of American International Group, has increased its commercial property per-risk capacity to $1.5bn on a worldwide basis.
NIG strengthens north east team with two new hires
Commercial insurer NIG has appointed an underwriter and a business manager to its north east team.
Euler Hermes launches Excess of Loss coverage amid 'market uncertainty'
Euler Hermes will offer Excess of Loss insurance coverage from mid-September, through a new specialist underwriting team based in London.
Market moves: Insurance takes the initiative
Last week saw the recruitment initiative wrestled back from the broking sector, with the majority of hires coming from within the insurer space. Headline appointments in that sphere came thick and fast in the form of a changing of the guard at Catlin…
News Review
A review of news stories that broke this week
CNA Europe recruits casualty underwriter from Chartis
CNA Insurance Company has appointed Justin Godman as casualty underwriting manager.
Chartis brand to be dumped as AIG returns to P&C market in the autumn
AIG is to resume using the brand it dropped in favour for Chartis for its international property and casualty business.
CNA hires Chartis underwriting boss
CNA has appointed Justin Godman, pictured, as casualty underwriting manager.
Market moves: Brokers lead the recruitment charge
Another action-packed week in terms of recruitment saw the vast majority of movers and shakers switch roles in the broking market.
Chartis increases property capacity to $1.5bn
Chartis, the property and casualty arm of US insurer AIG, has increased its commercial property capacity to $1.5bn per risk globally.
Indian regulator IRDA soft on rule defaulters, claims report
Insurance companies are flouting their "social and rural responsibilities" and the regulator, IRDA, lacks the will to punish them, according to a new report.
Chartis' Sadler elected president of Aerospace insurers
Janet Sadler of insurer Chartis Europe has been elected president of the International Union of Aerospace Insurers.
View from the top: The French connection
London's cosmopolitan nature means it is well placed to capitalise on emerging market opportunities, says Nicolas Aubert.
High Net Worth: Asia's growing wealthy and insurers gradually waking up to opportunities
The population of wealthy people in Asia is continuing to soar, creating significant opportunities for insurers offering premium products catering to their needs.