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American International Group Inc. could be on the hook for total claims of perhaps $800 million or more involving profits on real estate deals involving AIG’s Global Real Estate unit, according to a lawsuit that could come to trial in New York as early as this summer.

In spite of carrier angst about backing start-up programs, MGAs are having success in launching new offerings for wine collectors, auto dealers and properties exposed to earthquake risk.

With a rise in mergers and acquisitions expected to continue through 2011, unseen regulatory, legal and other risks can doom a potentially sound arrangement, according to an expert at ACE USA.

Merger and acquisition activity for property and casualty insurers, agents and brokers heated up in 2010, as insurers sought to improve their strategic standing within the industry, according to a report from Conning Research & Consulting.

Kane, which provides specialist risk and insurance management services, announced today it has signed an agreement to acquire the insurance management operations of HSBC for $27.5 million.

They may not command the multibillion-dollar premium figures touted by competitors involved in the latest merger deals, but market clout is not necessarily synonymous with size.

Specialty insurance broker Equity Risk Partners has launched Equity Risk Partners Global, an international alliance of brokers dedicated to the risk needs of the private equity sector.

Congress Thursday afternoon launched its effort to reconcile different versions of financial services reform legislation, with the goal of putting a final bill on President Barack Obama's desk before Independence Day.