Five former top insurance executives with General Reinsurance and American International Group were found guilty by a federal jury last week of all charges stemming from a bogus reinsurance deal that
The courts dealt the insurance industry two huge blows in the past few days, with brokers and top carrier executives convicted in separate trials--one having ...
The courts dealt the insurance industry two huge blows in the past few days, with brokers and top carrier executives convicted in separate trials--one having ...
Bermuda insurers are continuing to pursue strategies to diversify their operations by acquiring or launching facilities offshore, but while most will travel the distance to London or the United
General Reinsurance loaned American International Group $500 million to increase its loss reserves and improve its standing with investors, but then disguised the deal as a sham reinsurance
The filing yesterday said that Mr. Greenberg and his associate holdings will not take any actions "to direct or cause the direction of the management and policies of the issuer or otherwise exercise a
A spokesman for the New York Insurance Department said regulators "are more than happy" to meet and hold another discussion with former American International Group Chairman Maurice Greenberg's lawyer
As the property-casualty industry goes, so goes the ocean marine market, according to professionals within the segment who note that the overall softening commercial market is prompting carriers from