A.M. Best Europe – Rating Services Limited has commented that the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of MAPFRE RE, Compania de Reaseguros, S.A. are unchanged following the recent market volatility surrounding …
Political parties supporting Greece’s international bailout begin forging a government on Monday after an election victory over radical leftists staved off the prospect of the debt-laden country leaving the euro and brought relief to global markets. Conservative New Democracy leader …
Euro zone finance ministers rushed Spain into an EU-funded rescue for its debt-stricken banks to pre-empt the threat of a bank run if Greece’s debt crisis flares again but any respite for Madrid and the euro may be short-lived. After …
Twelve directors of Morgan Stanley have won dismissal of a shareholder lawsuit accusing them of letting the Wall Street bank overpay its employees even while accepting taxpayer-funded federal bailouts. Shareholders accused the outside directors of corporate waste and breaching their …
American International Group Inc. has made a final $1.5 billion payment to the United States Treasury Department to retire the Treasury’s interest in AIA Aurora LLC (AIA SPV) – a special purpose vehicle created to hold ordinary shares of American …
ING Groep NV has put its roughly $775 million stake in Thailand’s TMB Bank Pcl on the block as the bailed-out Dutch financial services group pushes ahead with Asian divestments, sources familiar with the matter told Reuters. ING, which is …
The leaders of Germany and France told Greece on Wednesday it would not receive another cent in European aid until it decides whether it wants to stay in the euro zone. They also made clear that saving the euro was …
Prime Minister George Papandreou’s shock announcement that he will put Greece’s bailout to a referendum threatened to intensify the euro zone crisis, and brought complaints in Germany that Athens is trying to wriggle out of the deal. Euro zone leaders …
AIG’s aircraft leasing unit, International Lease Finance Corp., filed for an initial public offering Friday despite deep uncertainty in equity markets that could delay an offering until next year. ILFC Holdings Inc., as the company will be called, is the …
The International Monetary Fund joined Germany on Wednesday in pushing for private sector investors [presumably including the EU’s insurers] to help cut Greece’s debt mountain as the euro zone sought to break an impasse on how and when to grant …
