Citing heightened customer needs and uncertainty in the insurance marketplace, ACE USA announced it would increase capacity in management, professional and other liability lines to $50 million from
While worried American International Group policyholders were calling their brokers last week, a handful were comfortably sitting tight with recently renewed AIG directors and officers coverage and a
Early signs of trouble at American International Group--which drove the holding company to near bankruptcy this month--were behind the design of at least one type of D&O coverage response, long before
Citing heightened customer needs and uncertainty in the insurance marketplace, ACE USA announced it would increase capacity in management, professional and other liability lines to $50 million from $2
An AIG executive said recent changes in some competing companies' positions regarding writing excess policies over AIG primary policies, or co-surety policies with AIG, are not based on market realiti
Lloyd's today released an interim report showing before-tax profit of ?949 million ($1.88 billion) for the six-month period ended June 30, compared with ?1,807 million for the same period in 2007 ($3.
Yesterday, A.M. Best and Moody's said they're not changing ratings or rating statuses for American International Group or its insurance operations, even though an $85 billion federal government credit
Four agencies cut AIG's ratings on Monday night, which exerted more pressure on the Federal Reserve to put together an emergency loan package to help the company meet anticipated demands from counterp
With standard insurers widening their business models to capture policies residing in the excess and surplus lines market, insurers within the E&S segment continue to distinguish themselves from one
American International Group Chairman Robert B. Willumstad, speaking to analysts after suddenly taking over the additional duties of chief executive officer last week, vowed to reveal a "strong game