Deutsche Bank

• Assured Says to Be Paid $358M As It Settles UBS Suit

  By Reuters  |  May 6, 2013

  Bond insurer Assured Guaranty Ltd said UBS AG will pay it $358 million to settle a lawsuit that accused the bank of falsely representing the quality of the loans underlying $1.49 billion of mortgage-backed securities.

• Zurich Insurance finds Emerging Market Deals Too Pricey - Chairman

  By Katharina Bart - Reuters  |  April 29, 2013

  Zurich Insurance has backed away from deal talks in emerging markets as prices hot up, the insurer's chairman said in a newspaper interview.

• Spanish Bad Bank Adds Foreign Insurers to Investor List

  By Sarah White, Reuters, Jesús Aquado, Reuters  |  February 13, 2013

  Insurers Generali and Zurich will invest in a Spanish bank set up by the government to manage toxic property assets, three sources familiar with the situation said.

• Do You Hear The People Sing?

  By Ken Brownlee, CPCU  |  October 1, 2012

  Les Misérables features the song of "angry men." Today's songs and protests decry college debt, foreclosures and maxed-out credit cards.

• Allianz Concerned over Central Banks' Role in Libor Scandal

  By Reuters  |  August 3, 2012

  Europe's biggest insurer, Allianz, is worried about the role central banks may have played in an interest rate rigging scandal that has enveloped some leading international lenders, the insurer's chief financial officer said on Friday.

• AIG to See $2.1B over Initial MLIII Investment; Analyst Says Money Is not 'Profit'

  By Arthur D. Postal, PropertyCasualty360.com  |  July 17, 2012

  American International Group will gain approximately $2.1 billion over its initial $5 billion investment in Maiden Lane III when the Federal Reserve Board of New York completes its sale of securities held in the facility.

• Analysts: AIG to See up to $5.8B from Maiden Lane III Securities Sales

  By Arthur D. Postal, PropertyCasualty360.com  |  July 3, 2012

  American International Group will accrue between $3.8 billion and $5.8 billion as a result of the recent successful sale by the Federal Reserve Board of securities held in the Maiden Lane III facility, according to analysts at Sterne Agee in New York.

• Fed Turns $6B Profit as AIG Completes Loan Repayment

  By Arthur D. Postal PropertyCasualty360.com  |  June 15, 2012

  Two major loan facilities that enabled American International Group to ride through a Force 5 financial typhoon have been fully repaid, the Federal Reserve Bank of New York announced late Thursday.

• New York Fed Sells Assets from AIG Bailout to Merrill Lynch

  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.

• Light Cat Losses Mean Profit for Two Reinsurers

  By Mark E. Ruquet, PropertyCasualty360.com  |  May 3, 2012

  Two Bermuda reinsurers report positive gains in their net earnings for the first quarter of this year helped by light catastrophe losses during the period.

• Barclays, Deutsche Bank Win Auction of Toxic AIG Assets

  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.

• Investors Avoid Aon Stock Until After London Move

  By Mark E. Ruquet, PropertyCasualty360.com  |  March 14, 2012

  Aon stock is not performing as well as the rest of the market because investors are waiting for the company to complete its move to London, an analyst says.

• 

  Zurich to Name New Chairman

  By Staff Writer  |  March 14, 2012

  Zurich Financial Services Group says its board plans to name Josef Ackermann as chairman and Tom de Swaan as vice chairman after its annual general meeting on March 29.

• Bank of America Dismissed from Allstate RMBS Lawsuit Against Countrywide

  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.

• 

  Guidewire IPO to Help Fund Global Expansion

  By Robert Regis Hyle, PropertyCasualty360.com  |  January 25, 2012

  Guidewire Software’s initial public offering and introduction on the New York Stock Exchange today culminates over a decade of growth as one of the industry’s leading providers of core-system solutions for property & casualty insurance carriers.

• Thailand Floods Could Cost Insurers Billions

  By Mark E. Ruquet  |  November 4, 2011

  Officials in Thailand say insurance losses from months of flooding could cost insurers greatly, with some estimates running as high as $13 billion as floods reached industrial zones.