Standard & Poor’s Ratings Services has lowered its counterparty credit and financial strength ratings on American International Group Inc.’s (AIG) Chartis operating subsidiaries to ‘A’ from ‘A+’. S&P also said it has revised the outlook on AIG and all its …
Bailed-out insurer American International Group Inc. could post another multibillion-dollar loss when it reports fourth-quarter results on Thursday, but the real question is how well its surviving life and property businesses did in a tough market. AIG said earlier this …
Best Comments on Ratings of Chartis U.S. Insurance Group A.M. Best Co. has commented that the financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a” of the New York-based Chartis U.S. Insurance Group, whose members are wholly …
Chartis Inc., the general insurance subsidiary of American International Group has announced a cash tender offer through its wholly-owned subsidiary, Chartis Japan Capital Company LLC (Chartis Japan LLC), for all common shares and stock acquisition rights of Fuji Fire and …
Bailed-out insurer American International Group Inc. said it would take a $4.1 billion charge at its Chartis unit after a review showed higher-than-expected claims on older policies for asbestos exposure and workers’ compensation. In a further bid to bolster capital …
American International Group Inc. shares are expected to settle back to a level in the mid-$40 range once the company’s recently approved warrants begin trading, a person familiar with the situation said Monday. But even at that level, the government …
