Latest Starr Companies Headlines
All the headlines from our Starr Companies Topic Page, ordered by recency.
Was AIG’s High Bailout Loan Rate Forced by Regulators?
Oct 8 2014 // A “crazily high” interest rate levied on American International Group Inc.’s $85 billion bailout loan may have been forced on the Federal Reserve Bank of New York by other regulators, according to...
Geithner Testifies He Was Responsible for AIG Loan Rate
Oct 8 2014 // Timothy Geithner backed away from two of his more provocative assessments of the 2008 bailout of American International Group Inc., in a day of courtroom testimony marked by careful answers and a lack of recollection about...
Ex-Treasurer Paulson Defends AIG’s Harsh Loan Terms
Oct 6 2014 // American International Group Inc. received harsher terms than other financial institutions in the 2008 financial crisis because regulators needed to send a message to markets that government help would cost them, Henry...
Geithner Expected to Testify on AIG Bailout Rate
Oct 5 2014 // Federal regulators cut a “loan sharky” interest rate on an $85 billion bailout loan to American International Group Inc. because it contributed to a debt service problem that threatened the insurer’s...
AIG Bailout Rushed Without Complete Documentation, Fed Lawyer Testifies
Oct 2 2014 // The Federal Reserve Bank of New York poured billions of dollars into rescuing American International Group Inc. in September 2008 without drawing up documents that would cement the government’s control of the giant...
Fed Counsel Grilled on AIG’s Bailout Terms vs. Banks’
Oct 1 2014 // The Federal Reserve Board of Governors set an interest rate for American International Group Inc.’s 2008 bailout loan that was meant to prevent shareholders from reaping a “windfall,” the Fed’s top...
Goldman, JPMorgan CEOs Pursued Private Rescue for AIG
Oct 1 2014 // The heads of Goldman Sachs Group Inc. and JPMorgan Chase & Co. told federal regulators days ahead of the 2008 government bailout of American International Group Inc. that they were putting together a private rescue of...
Nehra Joins Starr Companies to Lead Political Risk Group
Oct 1 2014 // Rashmi Nehra has joined Starr Companies in New York as a practice leader managing its Political Risk group. She will report to Alex Pittignano, senior vice president of Political Risk. She joins as Starr continues to...
Federal Reserve Was Reluctant to Rescue AIG, Urged Private Sector Loan: Trial
Sep 30 2014 // The Federal Reserve Board of Governors didn’t want to bail out American International Group Inc. with an $85 billion loan, preferring that the insurer find a savior in the private marketplace, the Fed’s top...
Greenberg’s Lawyer Says U.S. Demonized, Extorted AIG Shareholders in Bailout
Sep 29 2014 // The U.S. extorted American International Group Inc. shareholders when it extended a $182 billion taxpayer bailout at the height of the 2008 financial crisis, a lawyer for Maurice “Hank” Greenberg...
Trial Over Greenberg’s Challenge to AIG Bailout to Get Underway
Sep 29 2014 // One of the more unusual trials to come out of the 2008 financial crisis is set to begin on Monday, when a federal judge will consider whether the U.S. government’s rescue of American International Group Inc was, in...
Greenberg’s Starr Sues U.S. Over Tax Dispute
Sep 21 2014 // Maurice “Hank” Greenberg’s Starr International Co. seeks a refund for overpayment of taxes for 2007 in a $38 million lawsuit against the U.S. The Internal Revenue Service has taken no action on...
U.S. Loses Bid to Dismiss $25B Lawsuit Over AIG Bailout
Aug 27 2014 // A federal judge has rejected the United States’ bid to dismiss a more than $25 billion lawsuit filed by Maurice “Hank” Greenberg, the former chief executive of American International Group Inc., over the...
Starr Companies Completes Majority Ownership of Chinese Insurer
Jul 17 2014 // Starr Companies has announced the completion of its majority ownership of Shanghai based Dazhong Insurance Company Limited of China. The company will be renamed as Starr Property & Casualty Insurance (China) Company,...
Best Assigns Ratings to Starr Property & Casualty Insurance (China)
Jul 17 2014 // A.M. Best has assigned the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” to Starr Property & Casualty Insurance (China) Company, Limited (Starr China), formerly...
Hamilton Re Forms Agency Agreement with Iron-Starr
Jul 16 2014 // Bermuda-based Hamilton Re, the property casualty reinsurer of Hamilton Insurance Group, has announced the formation of an agency agreement with Iron-Starr Excess Agency Ltd., the managing general agency that underwrites on...
AIG Ex-CEO Greenberg Loses Supreme Court Appeal in Suit Against Bailout
Jun 30 2014 // The U.S. Supreme Court on Monday rejected an appeal by former American International Group Inc. Chief Executive Maurice “Hank” Greenberg, who accused the Federal Reserve Bank of New York of unlawfully bailing...
The Starr Group Hires Nyarangi as Benefits Consultant
May 7 2014 // The Starr Group, based in Greenfield, Wis., added Taylor Nyarangi as benefits consultant. Nyarangi has more than five years of professional experience in employee benefits. She will advise both large and small employers on...
Starr’s Greenberg Loses Bid for Jury, Must Face Judge He Criticized
Apr 30 2014 // Former AIG chief Maurice “Hank” Greenberg will have to defend himself against claims of accounting fraud in a non-jury trial conducted by a judge he tried to remove for alleged bias. Justice Charles Ramos of...
Starr Receives Listing as Approved Surety from U.S. Treasury
Apr 20 2014 // Starr Companies has received approval from the United States Department of Treasury to list Starr Indemnity & Liability Co. as an approved surety. The Treasury listing enhances Starr Financial Lines’ Crime &...
