AIG loss in 2002
AIG was forced into loss in the last quarter of 2002 after having to boost its reserves.

It made a net loss of $103.8m (£64.4m) compared to net income of $1.87bn (£1.16bn) in the same period the year before.

Its net income for the full year was $5.52bn (£3.4bn), compared to $5.36bn (£3.35bn) in 2001.

Chief executive Maurice Greenberg last week denied the US giant feared war in Iraq.

He said: "Our business in the Middle East is not huge. We have both life and non-life operations, and neither one was impacted very much by the first Gulf war."

Any rebuilding after damage would have to be insured, giving the industry a boost, he said.

Windsor shares
Fleming Mercantile Investment Trust has a beneficial holding of 2.28m shares, or 4.15%, of the issued share capital of Windsor.

L&G stake rises
Legal & General has bought an extra 1.4 million shares, or 0.8%, of Goshawk, taking its total holding to 5.9 million shares, or 3.4%

Brit expects £1bn
Brit has forecast that total premium income written by the group for the 2003 year of account will exceed £1bn for the first time.

The company said renewals in 2003 have been "exceptionally positive".

Intech profits
Intech Solutions made a pre-tax profit of £113,020 for the year ended 30 June 2002.

Managing director Tony Holland said it had "bucked the trend" despite falling investment returns and spending on IT.