BP’s $7.8 Billion Deal May Speed Gulf Spill Payments March 5, 2012 By Andrew Longstreth, Kathy Finn and Tom Bergin The estimated $7.8 billion deal struck by BP Plc with businesses and individuals suing over the massive 2010 Gulf of...
ABI Head Warns EU Solvency Rules Must Not Deter Growth, Investment March 5, 2012 Otto Thoresen, Director General of the Association of British Insurers, has called for European Union policy makers to ensure that...
Arch Capital to Acquire Ariel Re’s Credit & Surety Reinsurance Operations March 5, 2012 The selloff of various parts of Ariel Re continues, as Arch Capital announced that it will acquire Ariel Re’s Credit...
Best, S&P React to Ariel Re Sale of Bermuda, Zurich Units March 5, 2012 By Charles E. Boyle Both A.M. Best and Standard & Poor’s issued bulletins following the announcement that Ariel Re was selling off its Bermuda-based...
AIG to Sell $6 Billion Worth of AIA shares to Repay U.S. Bail-out March 5, 2012 By Clare Baldwin and Denny Thomas American International Group is selling part of its stake in AIA Group to raise about $6 billion to help the...
Nevada Approves Regulations for Self-Driving Cars March 5, 2012 Nevada is becoming the first of the U.S. states to regulate self-driving vehicles on its roadways. The state’s legislative commission...
AIG Sells $500 Million Stake in Blackstone March 4, 2012 Bailed-out insurer American International Group Inc. sold its entire $500 million stake in private equity firm Blackstone Group LP on...
Insurers Face Huge Losses from Latest Deadly Tornadoes March 3, 2012 By Ben Berkowitz Less than a year after a series of tornadoes caused some of the worse insured losses in U.S. history, the...
BP Reaches $7.8 Billion Deal Over Gulf of Mexico Oil Spill March 3, 2012 By Andrew Longstreth BP Plc has reached an estimated $7.8 billion deal with businesses suing over the massive 2010 Gulf of Mexico oil...
Death Toll, Damage Mount from Tornadoes in Midwest, South March 3, 2012 By Jim Suhr and Roger Alford Across the South and Midwest, survivors emerged Saturday to find blue sky and splinters where homes once stood, cars flung...