Commercial Lines

American International Group today sold 14 percent of the stock of its Hong Kong life insurer, AIA Group, Ltd., for approximately $6 billion.

American International Group today sold 14 percent of the stock of its Hong Kong life insurer, AIA Group, Ltd., for approximately $6 billion.

Hamilton, Bermuda-based insurer Arch Capital Group Ltd. says it will acquire Ariel Res Credit & Surety reinsurance operations based in Zurich, Switzerland.

Hamilton, Bermuda-based insurer Arch Capital Group Ltd. says it will acquire Ariel Res Credit & Surety reinsurance operations based in Zurich, Switzerland.

We go inside a funeral home to discuss with the insured and her broker, Fabricant & Fabricant, the particular risks associated with the business including dropped caskets, hearse accidents and improper embalming.

We go inside a funeral home to discuss with the insured and her broker, Fabricant & Fabricant, the particular risks associated with the business including dropped caskets, hearse accidents and improper embalming.

AIG is reportedly selling its stake in private-equity firm Blackstone Group for $500 million, according to CNBC, which cites unnamed sources.

The impact of the Thailand floods on Bermuda based insurers and reinsurers weighed down the overall fourth-quarter underwriting profits of property and casualty companies followed by analyst firm Keefe, Bruyette & Woods.