Munich Re execs questioned on AIG link

Executives from Munich Re have met officials from the office of New York Attorney General Eliot Spitzer to discuss the company’s dealings with American International Group (AIG).

It is reported that the discussions centred on Richmond Insurance, a Bermuda-based reinsurer. Munich Re has a 49.9% stake in the company, while AIG owns 19.9%. However, AIG has confirmed that it

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City minister Siddiq is replaced by Reynolds

Less than 24 hours before she was due to appear at the British Insurance Brokers’ Association’s Manifesto launch, Tulip Siddiq has resigned as Treasury minister and been replaced by Labour MP Emma Reynolds.

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