Mercury Casualty Co., the largest insurance subsidiary of Los Angeles-based Mercury General Corp., has agreed to buy Auto Insurance Specialists...
earnings News
Its former chief executive officer, Maurice “Hank” Greenberg, says American International Group (AIG) should renegotiate the terms of the $85...
ACE Limited has made a pre-earnings announcement of its third quarter financial results from is headquarters in Zurich. “Given the...
Standard and Poor’s (S&P) Ratings Services raised its rating for Fireman’s Fund Insurance Co. from “A+” to “AA-.” S&P noted...
The global credit crisis claimed its first Japanese financial institution on Friday and the government looked to prop up smaller...
American International Group’s (AIG) exposure to the subprime mortgage market that precipitated the government’s $85 billion bailout came as a...
U.S. life insurers Lincoln National Corp. and ACE Ltd reassured investors that they have enough capital, but credit rating agency...
A.M. Best Co. has upgraded the issuer credit ratings (ICR) to “a+” from “a” and affirmed the financial strength rating...
PricewaterhouseCoopers, the independent auditor for American International Group, will pay $97.5 million to settle a class-action securities fraud lawsuit against...
French bank BNP Paribas agreed to scoop up assets in Belgium and Luxembourg of banking and insurance group Fortis for...