Commercial Lines

Moody's Investors Service has downgraded the insurance financial strength rating of Mortgage Guaranty Insurance Corporation (MGIC), citing material deterioration in the insurer's regulatory capital position, large current and projected claims payments, and modest new business production.

Moody's Investors Service has downgraded the insurance financial strength rating of Mortgage Guaranty Insurance Corporation (MGIC), citing material deterioration in the insurer's regulatory capital position, large current and projected claims payments, and modest new business production.

The U.S. Treasury Department received a $972 million repayment from American International Group, funded by proceeds from the sale of AIG'S American Life Insurance Co. subsidiary last November, the Treasury said Tuesday.

The U.S. Treasury Department received a $972 million repayment from American International Group, funded by proceeds from the sale of AIG'S American Life Insurance Co. subsidiary last November, the Treasury said Tuesday.

PartnerRe Ltd. and Greenlight Re reported drops in net income for the third quarter of this year while executives at both companies say they are beginning to see improvements in rates.

PartnerRe Ltd. and Greenlight Re reported drops in net income for the third quarter of this year while executives at both companies say they are beginning to see improvements in rates.