American International Group Inc., posted a third-quarter loss as investment results deteriorated. The company plans to cut as many as 400 senior-level jobs.
American International Group Inc. agreed to sell operations in Central America to closely held Assa Cia. de Seguros, as the insurer continues to sell assets to free up capital.
American International Group Inc. more than doubled its dividend and increased its share buyback by $5 billion after asset sales helped build up cash, even as results slumped at some of the main insurance operations.
Radian Group Inc. and MGIC Investment Corp. are among mortgage insurers that would need to fill a financial gap under new financial-strength rules proposed by the Federal Housing Finance Agency.
Radian Group Inc., the largest U.S. mortgage insurer, raised $258.5 million by selling shares below yesterdays closing price to help pay for the acquisition of Clayton Holdings.
Arch Capital Group last Friday acquired CMG Mortgage Insurance Co. from PMI Mortgage Insurance Co., a move that Moodys Investors Service sees as positive for Arch but credit-negative for existing players in the mortgage-insurance market that may have to contend with well-capitalized new entrants going forward.