Starr International Files $25B Suit Against U.S. Over AIG Takeover November 21, 2011 By Jonathan Stempel A company run by former American International Group Inc Chief Executive Maurice “Hank” Greenberg sued the U.S. government for $25...
IAIS Calls for Greater Scrutiny over Non-traditional Insurance November 15, 2011 By Myles Neligan Regulators should focus on insurers’ role in markets outside their traditional sphere, as such activities could worsen the economic impact...
Moody’s Reports on Proposed Systemic Risk Rules for Insurers November 8, 2011 A key ratings agency says that recently proposed guidelines for identifying which insurers would qualify as systemic risks represent an...
Investors Want ‘Secrecy’ Lifted in BofA Mortgage Securities Deal November 7, 2011 By Karen Freifeld Investors want to lift the “shroud of secrecy” over the proposed $8.5 billion settlement of Bank of America Corp.’s mortgage-backed...
AIG Says Commercial Line Rate Hike Is Accelerating November 4, 2011 American International Group said its U.S. commercial line rates are increasing at an accelerated pace. A number of other major...
Benmosche Says AIG Is Still in ‘Good Shape’ Despite Huge Losses November 4, 2011 AIG suffered a perfect storm of natural disasters and adverse market conditions in the third quarter, its chief executive officer...
AIG Reports Q3 Net Loss of $4.1 Billion November 3, 2011 American International Group reported on Thursday a net loss of $4.1 billion and an after-tax operating loss of $3.0 billion...
GAO Report Raises Questions About New York Fed in 2008 AIG Bailout November 2, 2011 A new report from the U.S. Government Accounting Office chronicles the government’s handling of AIG bailout in 2008. In all,...
Treasury Receives $972M TARP Repayment from AIG November 2, 2011 The U.S. Treasury Department said it received an additional repayment of $972 million from American International Group (AIG). The payment...
Chartis Appoints Chief Underwriting Officer for Global Commercial Unit October 26, 2011 Chartis has appointed Tim Carter as chief underwriting officer for the company’s global commercial insurance unit. He will be responsible...