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Mr. Walsh said the acquisition was accomplished because "it is an opportune time to accelerate our option to purchase the remaining shares of Ascot to expand AIG's presence in the important Lloyd's ma

In the course of his suit, Mr. Aldridge's attorney's sought to obtain a report produced by McKinsey & Company, which reportedly advised the insurer to adopt a bare-knuckled strategy of handling claims

NEW YORK--The National Conference of Insurance Legislators (NCOIL) Property-Casualty Insurance committee has voted to approve a resolution supporting the state regulation of the use of credit informati

NEW YORK--Warren Buffet's entrance into the bond insurance sector may have distressed some domestic New York bond insurers, but the benefits to the overall marketplace outweigh the drawbacks, New York'

WASHINGTON--Insurance industry officials will meet with Treasury tax officials tomorrow and urge them to delay or rescind Internal Revenue Service guidance requiring domestic insurers to pay an excise

WASHINGTON--Insurance industry officials will meet with Treasury tax officials tomorrow and urge them to delay or rescind Internal Revenue Service guidance requiring domestic insurers to pay an excise