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American International Group's new chief executive officer, Edward Liddy, said he plans to keep the core insurance property-casualty business as he decides how to sell off assets to pay a government-b

Mr. Kreidler said, "Safeco is proudly recognized as an institution in Washington and its proposed acquisition has been a high priority for my office. It was the largest, most complex deal we've ever b

The order, issued today by the SEC and the United Kingdom's Financial Services Authority, will prohibit short selling of the companies' stock "to protect the integrity and quality of the securities ma

Guaranty insurers Ambac Financial Group and MBIA Inc. criticized Moody's announcement that it placed the companies on review for possible downgrade, one calling the announcement driven by marketplace

Preferred and common stock exposure also was not significant, Bank of America said. Major insurers with preferred/common stock exposure as of 2007, Bank of America said, are Hartford, $61 million; AIG

Oliver Wyman, a management consulting unit of MMC, announced the opening of a Bermuda office today, concurrently releasing a report outlining challenges facing Bermuda insurers and the qualities of le