New York Insurance Superintendent Eric Dinallo signed a cooperation agreement earlier this week with his counterpart in Macau, a move signaling the increasingly international approach to regulation for the country’s highest profile state commissioner. The agreement, signed Monday by António …
Allied World Assurance Company Holdings announced the opening of a branch office in Hong Kong in order to expand its operations into Asia. Bill Cotter, Senior Vice President, Asia, will oversee all Asian insurance operations from the new office. “Initial …
The Bank of East Asia said on Thursday that it has signed a deal to buy the Taiwan securities arm of American International Group as the ailing U.S. insurance giant sells assets to raise cash. “The deal is subject to …
World Trade Organization Director General Pascal Lamy pressed U.S. trade officials Monday for a strong commitment to finishing the Doha round, while a U.S. business leader warned against accepting a “phony deal” just to wrap up the talks. Lamy’s trip …
Workmen rolled up their sleeves at American International Group Inc. this weekend to take down the most prominent sign at the downtown Manhattan offices of the embattled insurer that has become the scorn of America. A spokesman said the company …
Standard & Poor’s Ratings Services said that its ratings on Bermuda-based Everest Re Group Ltd. and its U.S.-based intermediary holding company, Everest Reinsurance Holdings Inc. (both rated ‘BBB+’ with a stable outlook), as well as the ratings on the company’s …
The United Nations is concerned about the possibility of collaboration between pirates and government officials in Somalia’s Puntland region, according to a new U.N. report released Wednesday. The report, prepared by the office of U.N. Secretary-General Ban Ki-moon for the …
American International Group Inc., being kept afloat by a $180 billion government bailout, may sell its downtown Manhattan headquarters. “AIG is evaluating the potential sale of its headquarters building at 70 Pine Street and the 72 Wall Street building,” said …
Swiss Re has just released its latest sigma study, which details the toll of disasters that made 2008 “one of the worst years for catastrophe losses” according to the report. More than 240,500 people lost their lives, while the insurance …
U.S. insurer State Farm said on Tuesday that more than 800,000 teddy bears given out in North America as part of a company promotion were being recalled because of a choking hazard. The toys, called the “State Farm Good Neigh …
