Bermuda-based reinsurer Axis Capital Holdings Ltd named XL Insurance finance chief Joseph Henry as its new Chief Financial Officer, filling the post vacated by Albert Benchimol, who has taken over as the company's CEO.
New York's Attorney General must review his predecessor's private emails relating to a probe of American International Group Inc and decide whether to release them to the public, a state judge has ruled.
Home and auto insurer Allstate Corp said on Thursday it lost $280 million in April on natural disasters, more than it lost in the first three months of the year combined.
Home and auto insurer Allstate Corp said on Thursday it lost $280 million in April on natural disasters, more than it lost in the first three months of the year combined.
The Federal Reserve Bank of New York said on Thursday it has postponed the latest sale of mortgage-backed assets from the Maiden Lane III portfolio, which it acquired as part of a rescue package for the giant U.S. insurer AIG.
The Federal Reserve Bank of New York said on Thursday it has postponed the latest sale of mortgage-backed assets from the Maiden Lane III portfolio, which it acquired as part of a rescue package for the giant U.S. insurer AIG.
Britain and France are studying a proposed European Union ban on insuring tankers carrying Iranian oil to see how severe an impact it would have on trade with non-EU countries, British Foreign Secretary William Hague said on Tuesday.
Britain and France are studying a proposed European Union ban on insuring tankers carrying Iranian oil to see how severe an impact it would have on trade with non-EU countries, British Foreign Secretary William Hague said on Tuesday.
Bailed-out insurer American International Group Inc will sell its shares in Asian insurer AIA Group Ltd after a lock-up period expires in early September, Chief Executive Bob Benmosche said on Wednesday.
Bond insurer MBIA Inc's restructuring during the financial crisis must be annulled because it was based on bad information, a lawyer for banks challenging the restructuring said on Tuesday.