AIG (American International Group)

Headlines

Perkins Joins Beazley in Philadelphia

October 8, 2010 - U.K.-based insurer Beazley has hired Max Perkins as an underwriter in its Technology, Media, & Business Services team in Philadelphia. Perkins will focus on underwriting middle market risks. He ...
www.insurancejournal.com/news/east/2010/10/08/113842.htm

C.V. Starr Opens Paris Office; Sets Europe Expansion Plans

October 7, 2010 - C.V. Starr & Co has opened its French branch of Starr Underwriting Agents, Ltd. in Paris. The Company also announced the appointment of both Nicolas Berg as Regional Manager Europe, Starr ...
www.insurancejournal.com/news/international/2010/10/07/113874.htm

Kentucky Auditor Clears League Over Workers’ Compensation Purchase

October 7, 2010 - Kentucky's state auditor has found no fraud in the insurance buying practices of the Lexington-Fayette County Urban Government. Auditor Crit Luallen said her agency found no evidence to conclude that ...
www.insurancejournal.com/news/southeast/2010/10/07/113881.htm

Treasury Says Unpopular TARP Bailouts Exceeded Expectations

October 6, 2010 - Despite its enormous unpopularity among voters, the government's Wall Street bailout plan succeeded much more quickly and at a lower cost than expected, a U.S. Treasury report released Tuesday ...
www.insurancejournal.com/news/national/2010/10/06/113829.htm

AIA IPO Seeks up to $14.9 Bn

October 5, 2010 - American International Group Inc (AIG) plans to raise up to $14.9 billion through an IPO of its Asian life insurance unit AIA Group Ltd, according to a document obtained by Reuters on Monday. The ...
www.insurancejournal.com/news/international/2010/10/05/113799.htm

AIA Warns Failed Prudential UK Deal Could Impact Business

October 5, 2010 - AIA Group Ltd, which aims to raise about $15 billion through a Hong Kong listing, flagged a series of business risks including the collapsed bid from Prudential Plc as it launched the share offering ...
www.insurancejournal.com/news/international/2010/10/05/113801.htm

Learn the Secrets of Building Your Insurance Business in a Soft Market

October 4, 2010 - The Remarkable Story of Travel Guard International in a Conversation with John Noel. The September 11th tragedy and the ensuing global economic and travel downturn made the years 2001-2004 some of ...
www.insurancejournal.com/services/newswire/2010/10/04/113748.htm

Source: Kuwait’s Investment Authority Commits $1 Billion to AIA IPO

October 4, 2010 - American International Group Inc received a $1 billion commitment from Kuwait Investment Authority for the IPO of its Asian unit, the first major investment inked before the mega offering's roughly ...
www.insurancejournal.com/news/international/2010/10/04/113754.htm

Judge Refuses to Dismiss Securities Fraud Lawsuit Against AIG

October 4, 2010 - A judge has refused to dismiss a securities fraud lawsuit accusing American International Group Inc. of misleading investors about its exposure to subprime mortgages, which led to a liquidity crisis ...
www.insurancejournal.com/magazines/features/2010/10/04/160158.htm

People

October 4, 2010 - The Hartford has appointed Lisa Morgan as senior vice president of its Middle Market commercial insurance business. Morgan most recently served as vice president of Middle Market operation. She ...
www.insurancejournal.com/magazines/people/2010/10/04/160162.htm

Declarations

October 4, 2010 - They Took the Money and Ran "In a difficult economy and a time when health insurance is becoming more expensive, these companies took the money from Missouri consumers and ran." —Missouri Insurance ...
www.insurancejournal.com/magazines/features/2010/10/04/160167.htm

Judge Refuses to Dismiss Securities Fraud Lawsuit Against AIG

October 4, 2010 - A judge refused to dismiss a securities fraud lawsuit accusing American International Group Inc. of misleading investors about its exposure to subprime mortgages, which led to a liquidity crisis and ...
www.insurancejournal.com/magazines/features/2010/10/04/160171.htm

Michigan Officials Seek to Force Broker to Remit $1.3 Million Owed to Insurers

October 4, 2010 - Michigan insurance officials have gone to court to force a Troy insurance broker to remit $1.3 million in premiums he owes to multiple insurance companies. The Office of Financial and Insurance ...
www.insurancejournal.com/magazines/features/2010/10/04/160176.htm

Declarations

October 4, 2010 - Get Rid of the Trailers "People are frustrated. People do not like the idea of having these trailers right next to them five years after Katrina." —Councilman Jon Johnson, whose district includes ...
www.insurancejournal.com/magazines/features/2010/10/04/160200.htm

Declarations

October 4, 2010 - A Continuing Objective "Our objective remains the same at AIG, which is to repay taxpayers and position AIG over time as a strong, independent company worthy of investor confidence." —An anonymous ...
www.insurancejournal.com/magazines/features/2010/10/04/160220.htm

A Wonderful Life

October 4, 2010 - McQueary Henry Bowles Troy Soars High With Faith, Texas Values and the Ultimate Angel Investor If a creative insurance cinematographer were to capture the story of McQueary Henry Bowles Troy LLP, it ...
www.insurancejournal.com/magazines/features/2010/10/04/160223.htm

Syndicates – The Heart of the Market

October 4, 2010 - Catlin, and Other Lloyd's Syndicates As underwriters, syndicates are the heart of the Lloyd's market. Until the end of the 20th century they were largely funded by wealthy individuals, who pledged ...
www.insurancejournal.com/magazines/features/2010/10/04/160236.htm

Cotnoir Joins Safety National’s Large Casualty Unit

October 1, 2010 - St. Louis, Mo.-based Safety National announced that Stephen H. Cotnoir has joined the company's Large Casualty unit. His hiring coincides with the founding of Safety National's regional underwriting ...
www.insurancejournal.com/news/national/2010/10/01/113698.htm

Homeowners’ Madoff Claims Not Covered Under AIG Policy: Judge

October 1, 2010 - American International Group Inc. need not make payments to some former Bernard Madoff clients who said their homeowner insurance policies entitled them to coverage for alleged losses, a judge ...
www.insurancejournal.com/news/national/2010/10/01/113725.htm

White House Slashes Bailout Cost Estimate After AIG Exit Deal

October 1, 2010 - The U.S. financial bailout will cost less than $50 billion, the Obama administration said Thursday, slashing a prior estimate by more than half on the back of a new plan to sell the government's ...
www.insurancejournal.com/news/national/2010/10/01/113726.htm