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By Chad Hemenway, PropertyCasualty360.com |
May 21, 2012
The head of American International Group’s commercial-insurance division says the bailed-out insurer’s reputation is not an issue—and, in fact, competitors may have erred by not working harder to take AIG’s insurance business when it was on the verge of collapse.
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By Phil Gusman, PropertyCasualty360.com |
May 11, 2012
Leading U.S. homeowners insurers recorded combined ratios well over 100 in 2011 due mainly to storms throughout the year, according to an SNL Insurance analysis.
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By Arthur D. Postal, PropertyCasualty360.com |
May 9, 2012
An appellate court in New York has cleared the way for a trial on allegations that Maurice “Hank” Greenberg and Howard Smith, respectively the former CEO and CFO of American International Group, committed fraud in connection with two reinsurance transactions.
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By Chad Hemenway, PropertyCasualty360.com |
May 9, 2012
The head of American International Group’s commercial-insurance division says the bailed-out insurer’s reputation is not an issue, and, in fact, competitors may have erred by not working harder to take AIG’s insurance business when it was on the verge of collapse.
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By Arthur D. Postal, PropertyCasualty360.com |
May 7, 2012
The U.S. government’s fiscal watchdog said today the federal government could ultimately make more than $15 billion from its investment in American International Group, an investment the government said was necessary to save AIG from insolvency.
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By Elizabeth Festa, Arthur D. Postal PropertyCasualty360.com |
May 3, 2012
Insurance companies that own or operate a savings & loan will face fresh oversight from the Federal Reserve Board, which is creating a process by which to examine those financial institutions that have significant banking assets.
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By Chad Hemenway, PropertyCasualty360.com |
April 26, 2012
Declaring that a turn to a hard-market cycle is more visible, the chief executive of W.R. Berkley Corp. said he’s willing to bet there are carriers that are in for major trouble because they are being “stupid” and not increasing rates fast enough.
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By Phil Gusman, PropertyCasualty360.com |
April 20, 2012
American International Group’s recapitalization efforts have resulted in the insurance giant nearly halving its debt and preferred equity/total capital ratio to 41.6 percent in 2011 compared to 81.2 percent in 2010, according to a Fitch Ratings Special Report on financial leverage for P&C insurers.
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By Arthur D. Postal, PropertyCasualty360.com |
April 18, 2012
The Federal Reserve Bank of New York announced late Wednesday that it is exploring the sale of collateralized debt obligations originally owned by AIG’s troubled Financial Products Group.
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By Staff Writer |
April 18, 2012
Russell Program Managers Expands PoolPro, The Main Street America Group Introduces Oklahoma Main Line BOP, Florida State Receives RMI Program Donation, Assurex Global Awards TMG PAR Excellence Award
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