Reinsurance

Lawyers for former American International Group CEO Maurice Hank Greenberg and the companys former CFO have filed motions to have a New York court throw out charges dealing with a decade-old reinsurance deal, or, in the alternative, for another judge to handle the case.

Bermuda registered 34 new insurers in the first six months of 2013, reports the Bermuda Monetary Authority.

Validus Holdings says second-quarter net income dropped 81.7 percent to $30.7 million.

Validus Holdings says second-quarter net income dropped 81.7 percent to $30.7 million.

Allied World Assurance Co. Holdings says second-quarter results were in the red due to investment losses.

The short-tail reinsurer and specialty insurer says it booked a net loss of $77 million in realized and unrealized losses from investments and foreign exchange in the second quarter.