News – Page 402
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Online onlyEx-CEO of AIG turns down $22m pay off
Willumstad sends email rejecting severance payment, says report
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Ariel Re names new chief property underwriter
Ryan Mather will assume responsibility for US property reinsurance business
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S&P: More write-downs on the way
Rating agency says global financial institutions face further problems in second-half of 2008
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Assurant expects to tap reinsurance deal
Losses from Hurricane Ike will exceed its $95m retention limit
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Wall Street's wings clipped
Goldman and M Stanley become Fed-regulated banks. End of an era of investment banking autonomy.
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AIG confirms election of new chairman and CEO
Edward Liddy was formerly with Allstate and a private equity firm
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Online onlyAnother Ike estimate revised down
EQECAT says Hurricane Ike cost $8bn-$12bn, not $8bn-$18bn
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Financial nat cat
Investment losses bigger than Gustav, almost as big as Ike, for one insurer
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SWIFT in landmark data deal with reinsurers
Swiss Re, Munich Re, SCOR, ACORD and major brokers are involved
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RGA reveals exposure to AIG and Lehman
Reinsurer held investments in notes and preferred securities
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Next on the block
Morgan Stanley reported to be in merger talks with Wachovia. Short-selling by speculators.
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HBOS assets "likely" to be sold off - analyst
After Lloyds TSB comes to the rescue of HBOS in a £12bn takeover, asset sales seem on the cards
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AIG to be "broken up and sold off" - leading industry figure
Nathan Skinner reports from the IRM conference on reaction to the Fed bailout of AIG.
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Aspen declares $38m Lehman exposure
Investment amounts to less than 0.7% of the insurer’s total portfolio
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AIG issues statement on Asia
After Fed bail out, AIG moves to quell fears of Asian sell-off.
