Sedgwick Claims Management Services Inc. and Factual Photo Inc. announced an agreement that the operations of Factual Photo will be acquired by a subsidiary of Sedgwick CMS.

The independent auditor of the Troubled Asset Relief Program is questioning the Treasury Department's arithmetic as it relates to the government's projected losses on its investment in American International Group.

Alterra Capital Holdings Limited announced that Stephen J. Vaccaro Jr., chief executive officer of Alterra Specialty, was presented with the Service to Industry Award by the Professional Insurance Wholesalers Association of New York State (PIWA).

American International Group Inc. said that Robert H. Benmosche, its president and chief executive officer, has been diagnosed with cancer and is undergoing aggressive chemotherapy.