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By Kevin Stipe |
May 21, 2012
Agency mergers-and-acquisitions activity has come roaring back after plummeting during the economic crisis of 2008-2009. In fact, 2011 was the second-most-active year for M&A in the insurance industry’s history—only 16 deals short of the all-time record of 301 deals announced in 2008. If current trends hold, 2012 may set a...
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By Reuters |
May 16, 2012
Bailed-out insurer American International Group Inc will sell its shares in Asian insurer AIA Group Ltd after a lock-up period expires in early September, Chief Executive Bob Benmosche said on Wednesday.
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By Jonathan Stempel (Reuters) |
May 15, 2012
Former American International Group Inc Chief Executive Maurice "Hank" Greenberg said New York's attorney general should be barred from invoking a 91-year-old state law in a fraud case over two suspect reinsurance transactions.
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By Reuters |
May 7, 2012
The U.S. Treasury has agreed to cut its ownership stake in American International Group Inc to 63 percent by selling 163.9 million shares for approximately $5 billion, with the insurer agreeing to buy back about $2 billion worth.
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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 Tom Brown, Reuters |
April 26, 2012
The 2012 Atlantic hurricane season is projected to be less active than in recent years with 11 tropical storms, six of which will intensify into hurricanes, U.S. private forecaster Weather Services International said on Wednesday.
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By Grant McCool, Reuters |
April 25, 2012
American International Group Inc. has sued the co-founder and former chief executive of its aircraft-leasing unit, Steven Udvar-Hazy, accusing him and other former employees of stealing several thousand electronic files containing trade secrets.
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By Mark E. Ruquet |
April 12, 2012
Property & casualty insurers could see a drop in the value of their fixed-income securities investments if interest rates climb as expected, according to Moody’s Investors Service.
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By Mark E. Ruquet, PropertyCasualty360.com |
April 6, 2012
Property and casualty insurers could see a drop in the value in their fixed-income-securities investments if interest rates climb as expected, says Moody’s Investors Service.
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By Arthur D. Postal, PropertyCasualty360.com |
April 3, 2012
The Federal Reserve Bank of New York Monday asked a federal court in Manhattan to promptly dismiss a lawsuit alleging that the federal government “discriminated” against American International Group by taking it over rather than loaning it money when it ran into financial problems in September 2008.
