The future of Financial Guaranty Insurance Co. is in grave doubt after the company reported a second quarter net loss of $16 million as its exposure to the securitization of collateralized debt obligations takes a toll.

Columbus, Ohio-based specialty property and casualty insurer Bancinsurance Corp. plans to go private, offering $8.50 a share for its common stock in an all cash offer.

A series of recent losses for the airline industry may mean the aviation insurance line will be hard pressed to see a profit in 2010 should the loss trajectory continue, according to a report from Aon Corp

American International Group said it will sell its majority interest in its consumer lending business, American General Finance, and take a pre-tax loss of $1.9 billion in the third quarter from the transaction.

Two major guarantee insurers reported improved second-quarter results as they continued to work their way out of losses suffered from the economic meltdown.

American International Group said it will sell its majority interest in its consumer lending business, American General Finance, and take a pre-tax loss of $1.9 billion in the third quarter from the transaction.

With the prediction of a very active hurricane season on the horizon, a report on catastrophe bond activity shows 2010 second-quarter transactions were the second most active on record, but outstanding capital is down

Insurance brokerage bank holding companies' fee income grew to its highest level to date, according to a report issued by Michael White Associates.