A bulletin from the UK’s Financial Services Authority (FSA) indicates that its Chairman, Lord Turner, has “welcomed the changes to financial regulation outlined by the Chancellor of the Exchequer in his Mansion House speech this evening, and Hector Sants’ [the …
Lloyd’s announced that Paul Jardine from Catlin Syndicate Limited will become a Deputy Chairman of The Council of Lloyd’s following Ewen Gilmour’s retirement from the position earlier this month. Jardine, currently Chief Operating Officer of Catlin Underwriting Agencies, has more …
The chairman of RSA Insurance Group Plc has written an open letter to U.S. President Barack Obama describing his comments towards BP Plc and its chief executive as “prejudicial and personal.” In the letter, published on the Sky News website, …
But Treasury Chief Says a Full Recovery for Taxpayers Remains Uncertain The head of bailed-out insurance giant American International Group said in late May that the company was on its way to repaying the government, but a U.S. Treasury official …
Oil companies need to improve safety technology for deep-water drilling and the massive spill in the Gulf of Mexico should prompt the industry to rethink its business model for such operations, BP chief Tony Hayward said in comments published on …
When large deals fail, heads often roll. In the case of Prudential Plc’s failed attempt to buy American International Group Inc.’s Asian life insurance unit for $35.5 billion, the British insurer’s management has more to worry about than AIG’s. Prudential …
Tim Breedon, Group Chief Executive of Legal & General has been nominated to become the next Chairman of the Association of British Insurer (ABI). He will be formally appointed at the Association’s Annual General Meeting in July when Archie Kane …
Barnabas Hurst-Bannister, Chairman of Travelers Syndicate Management Limited, has been elected Chairman of the Lloyd’s Market Association (LMA), which represents the interests of the Lloyd’s underwriting community. He succeeds Paul Jardine, Chief Operating Officer of Catlin Group Limited, who has …
The head of bailed-out insurance giant American International Group on Wednesday said the company was on its way to repaying the government, but a U.S. Treasury official said taxpayers could still face losses. AIG is operating with $132 billion in …
Flagstone Reinsurance Holdings announced from its Luxembourg headquarters that Mark Byrne has decided to step down as Chairman of the Board of Directors. He will, however, continue to serve as a non-executive member of the Board of Directors of the …
