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Still, his comments, which came in an interview on CNBC, set off a stock market rally and drew a happy reaction from New York Insurance Superintendent Eric Dinallo, who has been working on deals to
Text WASHINGTON--AIG's potential losses from its investment in derivatives of subprime loans could range from not material to a total write-off of 2007's fourth quarter earnings, a Citigroup analyst sa
WASHINGTON--AIG's potential losses from its investment in derivatives of subprime loans could range from not material to a total write-off of 2007's fourth-quarter earnings, a Citigroup analyst said to
HARTFORD, CONN.--The former chief executive of General Reinsurance, on trial here for conspiracy and securities fraud, had no motive to ruin a spotless career by involvement in a sham transaction, his
Hamilton, Bermuda-based insurer Arch reported 2007 fourth-quarter net income fell 2 percent, and management said the company's loss exposure from subprime mortgage investments and risks it covers is m
Still, his comments, which came in an interview on CNBC, set off a stock market rally and drew a happy reaction from New York Insurance Superintendent Eric Dinallo, who has been working on deals to pr
Richmond, Va.-based insurance broker Hilb Rogal & Hobbs Company said it will pay a quarterly dividend of 13-cents a share on March 31 to shareholders ...
WASHINGTON--The economic problems created by poor regulation of the bond insurance industry are evidence that optional federal chartering of insurers may be needed, a key House subcommittee chairman sa
New York-based Marsh & McLennan Companies Inc. reported its fourth-quarter net income dropped 62 percent as soft market conditions and loss of investment revenues weighed heavily on performance, but t
At a field session of the House Financial Services Subcommittee on Investigations and Oversight in West Palm Beach, Fla., sunshine state residents and officials spoke of the troubles in the Florida ho
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