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By Reuters |
May 10, 2012
The New York Federal Reserve said on Thursday it sold all its TRIAXX collateralized debt obligations from a portfolio of assets that was used in the government bailout of insurer AIG to Merrill Lynch, following a competitive bid process with eight other Wall Street firms.
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By Myles Neligan, Reuters |
April 30, 2012
British insurer Aviva's chief executive Andrew Moss has waived his 2012 salary increase, bowing to shareholder concerns over executive pay three days before he is due to face investors at the group's annual general meeting.
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By Adam Tempkin and Karen Brettell, Reuters |
April 26, 2012
Barclays and Deutsche Bank on Thursday won a fierce bidding war for a portfolio of toxic assets the US government acquired in the 2008 bailout of insurance giant AIG.
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By Reuters |
April 17, 2012
AmWINS Group Inc, the largest wholesale insurance broker in the United States by premiums placed, said it reached an agreement with private equity company New Mountain Capital for a $1.3 billion recapitalization.
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By Arthur D. Postal, PropertyCasualty360.com |
February 9, 2012
The Federal Reserve Bank of New York today ended one chapter from the American International Group bailout, selling a group of mortgage-backed securities that closed out its Maiden Lane II facility.
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By Phil Gusman, PropertyCasualty360.com |
February 3, 2012
Bank of America cannot be held liable to Allstate Insurance Company over residential mortgage-backed securities purchased by Allstate from Countrywide Financial Corporation.
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By Chad Hemenway, PropertyCasualty360.com |
July 14, 2011
Insurers continue to file lawsuits against large investment banks over losses taken during the housing market collapse, as Liberty Mutual Insurance Co. filed suit against Goldman Sachs; and Allstate announced a lawsuit against Morgan Stanley.
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By Chad Hemenway, PropertyCasualty360.com |
July 7, 2011
Allstate Corp. has added to its tally of New York lawsuits seeking to recover investment losses on residential mortgage-backed securities with a filing against Morgan Stanley.
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By Caroline McDonald, PropertyCasualty360.com |
January 17, 2011
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By Staff Writer |
August 3, 2010
TPG purchased the company from Hellman & Friedman and its co-investor JMI Equity.