Maurice R. Greenberg denied on the witness stand yesterday afternoon that there were restrictions on American International Group stock he is accused of misappropriating.

Supporters and opponents of a new federal regulatory regime for the insurance sector all found something to like in the Obama administration's white paper on financial services regulatory reform.

Chris Stooke, chief financial officer for Hamilton, Bermuda-based specialty insurer and reinsurer Catlin Group Ltd., will be leaving the firm later this year. His successor has not yet been chosen, the company said.

A survey has found that 82 percent of risk managers believe the insurance industry should change its attitude to be more socially responsibility and cut the cost of "green" coverage products.

Aquiline Capital Partners LLC, the New York-based private equity firm headed by Jeff Greenberg, announced today it has acquired Conning & Co. in Hartford, Conn. for an undisclosed price.

The National Association of Insurance Women (International) announced that Linda Wilson has been named president of the organization.

A unit of the National Association of Insurance Commissioners has adopted a white paper outlining insurance protection concepts for catastrophes that acknowledges insurer and regulator differences.

Maurice Greenberg took the witness stand in Manhattan federal court today to counter charges the company he now heads looted a trust fund set up to pay bonuses to American International Group executives.