News – Page 366
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Online onlySerious Fraud Office probe into AIG
Enquiry launched into UK operations of AIG Financial Products Corp
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Online onlyNew Swiss Re CEO speaks of ‘challenges ahead’
Stefan Lippe says meeting client needs and creating shareholder value will be key focuses
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Standard Life to pay £100m compensation
97,000 customers investors in 'Pension Sterling Fund' to be paid, after shock one day 5% fall.
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Brit lands ex-Lehman banker
Sean McGeary takes up newly-created role of Director of Investments and Treasury.
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Modest loss for Everest Re in 2008
Net loss of $19m for 2008, compared to net income of $839m last year.
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Online onlySwiss Re boss resigns
Poor results lead to Jacques Aigrain's departure; deputy takes over
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Online onlyMcGavick puts brave face on XL loss
"No one is happier to see 2008 behind us" - Mike McGavick, CEO, XL Capital. 10% staff cuts planned for 2009.
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Online onlyMarket slumps as no quick fix in sight
Dow Jones falls 5% after Geithner statement on bank rescue plans
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Torus gets the Message
David Message will lead offshore underwriting team after completing duties at XL
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More than 200 dead in bushfires
Australian police search for clues in the hunt for possible arsonists.
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The Hartford downgraded
Stricken asset portfolio has "above-average" exposure to subprime
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Pacific Life Re in Abbey Life £1.5bn longevity deal
Longevity risk transferred to Pacific Life Re and another reinsurer
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Online onlyValidus Re opens Asia-Pacific office
Marc Haushofer, former CEO of Munich Re Singapore, to head new office
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Online onlyAxis Capital income falls 57%
Fourth quarter net income of $131m; CEO hails the positives
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Online onlyInsurers ‘confused by BER’
European Commission ‘still unconvinced’ on standard policy conditions
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Online onlyUncertainty over Swiss Re
Shares fall blamed on worse than expected losses and bigger than expected capital-raising measures.
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Online onlyCat modeller confirms bushfire losses
AIR compares severity of previous fires in South-Eastern Australia
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China Life puts $300m into asset management unit
A total of 2 billion yuan injected to strengthen its capital base
