British life insurer Prudential is considering bidding for more than just the Asian operations of American International Group , its chief executive told the Financial Times on Friday. Prudential, the UK’s second-biggest life insurer, said earlier this week that it …
Commenting on the latest developments in the world’s financial markets, Munich Re’s Board of Management Chairman, Dr. Nikolaus von Bomhard, stated: “We welcome the measures adopted by the European states and the German Federal Government. They were necessary steps at …
CNA Financial Corp. Chairman and CEO Stephen W. Lilienthal will be presented with City of Hope’s Spirit of Life Award at a gala dinner on Nov. 20 in Chicago. The dinner honors Lilienthal for his philanthropic work and professional achievements …
Andrew Brooks, currently Chief Underwriting Officer of Lloyd’s Ascot Underwriting, has been named Chief Executive Officer, effective immediately. He succeeds founder and current CEO, Martin Reith, who will assume a non-executive role. “Both of these appointments are subject to approval …
A millionaire philanthropist from Augusta, Ga. who once led the University System Board of Regents filed for bankruptcy. Tim Shelnut Sr. filed in June for Chapter 7 bankruptcy. He listed $9.18 million in assets and $6.49 million in liabilities. Shelnut …
Its former chief executive officer, Maurice “Hank” Greenberg, says American International Group (AIG) should renegotiate the terms of the $85 billion loan it has from the federal government or it will end up in liquidation. In a filing with the …
Dr. Nikolaus von Bomhard, CEO of Munich Re, has issued a muscular statement, detailing the Group’s strengths in the face of the ongoing global financial turmoil. “We will emerge stronger from the crisis,” he stated. In a bulletin on the …
American International Group Inc. (AIG) chairman and CEO Edward M. Liddy sent a letter today to U.S. Treasury Secretary Henry M. Paulson to clarify the circumstances of a business event held by an AIG subsidiary, discussed during an October 7, …
U.S. regulators sent a letter to American International Group Inc. in March warning of its lack of transparency and ability to oversee its financial products, a top Democratic lawmaker said Tuesday. Rep. Henry Waxman, who chairs the House Oversight and …
Former American International Group Inc. Chief Executive Officer Maurice “Hank” Greenberg intends to sell some AIG stock, according to a regulatory filing Thursday. Greenberg, who ran AIG for nearly four decades, said he will sell stock in the open market, …
