Editor's comment

It is almost impossible to keep up with the pace of change, in the world of insurance and finance in general. In the past few months, we have seen the 'big boys' at Norwich Union and Axa finally putting their foot down in regards to broker commissions; more insurer redundancies with Ecclesiastical and Allianz Insurance announcing job losses; and, of course, AIG running into serious trouble as a result of its investment exposures.

As Insurance Age went to press, AIG's new chief executive moved to

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