| Case Studies |
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Scyllogis Consulting have been helping customers within the Insurance sector continue to achieve significantly higher levels of business performance from their data management programmes and information systems since 2001. Read how we have worked with some of these customers to achieve significant business results across the world, in our case studies. |
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Insurance organisations today are no more effective at delivering on large-scale data management initiatives than they were 10 years ago. In a recent survey, 70% of the companies said their data management initiatives did not deliver the expected results. That success rate was unchanged from similar surveys conducted in the 1990's. And the environment for data management is only getting more complex.....
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| Our People |
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At Scyllogis Consulting all of our consultants have significant experience gained from within the Insurance market. Our people and our culture are our greatest assets. We only select people with relevant experience, intelligence, integrity, passion and the ambition to make a mark and deliver to our Customers the Scyllogis brand values of practical, results based consultancy. Our Consultants are pragmatic and open minded. That is why we deliver solutions that others dont..... Read More
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| GREENBERG AMENDS SUIT SEEKING AIG-RELATED COMPENSATION |
| Industry News | |
| Wednesday, 01 February 2012 | |
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'Hank' Greenberg, sacked by fellow directors in 2005 as CEO of New York-based insurer AIG, but still a significant shareholder, has amended his legal action that seeks $25bn in damages from the US government following the bailing out of the company in late 2008. The new complaint, claims Bloomberg, quotes an unnamed banker hired to represent the Federal Reserve Bank of New York during the discussions in 2008. The banker is reported to have said to an AIG representative that "these guys are going to try and steal the business". Privately held Starr International Co, controlled by Greenberg and until the bailout the effective pension scheme for senior AIG executives, is suing the government, claiming that the 80% takeover of equity in the insurer was unconstitutional. The Fifth Amendment prohibits the taking of private property for public use without just compensation. Starr International alleges that the rights of shareholders were violated and that they did not have access to due process of law. It also claims that the NY Fed breached its duty to AIG shareholders by loaning the insurer $85bn at 14.5% interest while offering better terms to banks.
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| Last Updated ( Wednesday, 07 March 2012 ) | |
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