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"Allianz's capital injection is an investment," Tom Marra, Hartford's president and chief operating officer, told NU in a phone interview. "They will have no board seats, no management oversight.

His comments came after AIG yesterday secured $37.8 billion from the Fed for AIG to borrow overnight to meet liquidity needs of life insurance units. The additional borrowings will be collateralized b

Mr. Nilsson is senior vice president for The Buckner Company based in Ogden, Utah. He was first elected to the IIABA Executive Committee in 2003 and was named vice president in 2006. He also served on

A Florida lawmaker who voted to create the task force examining Citizens, the state's home insurer of last resort, urged participants at the group's first meeting to focus on business rather than poli

Meanwhile, a ranking Democratic senator demanded that "heads roll" in a continuing denunciation of AIG's lavishing a $440,000 outing on sales agents- days after the government first agreed to give the

The Mayfield Village, Ohio-based company said it had net realized losses of $1.04 billion on investments that included $1.1 billion securities write down. The losses included $548 million on preferre