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Financial Stability Oversight Council Names AIG, Pru as Potential SIFIs
American International Group Inc. and Prudential Financial Inc. said the Financial Stability Oversight Council has proposed that they be designated as "systemically important ...
Source: BestWire   Date: June 4, 2013
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Panama's New Insurance Law Opens New Channels in a Growing Insurance Market
Antonio Eleta, general manager of Panama for Pan-American Life Group. Unlike past versions of the bill, which have surfaced several times since 2008, the new law had been broadly ...
Source: BestWire   Date: April 4, 2012
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Perspectives: IAIS Ponders the Experiences of Insurers in the 2008 Financial Crisis
Asia life unit, AIA Ltd., in Singapore and Hong Kong, as worried policyholders feared the parent company's troubles would hit the underwriting subsidiaries, the report noted in ...
Source: BestWire   Date: November 21, 2011
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Florida Workers' Comp Rate on Target For 8.9% Hike
Compensation Insurance until Oct. 31 to resolve issues that are secondary to the overall 8.9% increase that would affect some 600 employment classifications. While McCarty ...
Source: BestWire   Date: October 25, 2011
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Airmic CEO Warns of Spreading Reputational Risks from Media
International Group, Arthur Andersen, BP and the U.K. bank Northern Rock. The research looked at 18 organizations with a combined value of more than $6 trillion. Each had been hit ...
Source: BestWire   Date: June 8, 2011
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Benmosche: Piloting AIG to Success Can't Involve Second Guesses
Hudson River when both engines died. The flight simulator was set up so Benmosche, president and chief executive officer of AIG, was flying the plane above New York City when both ...
Source: BestWire   Date: June 8, 2011
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BestWeek: Quest for Global Insurance Contract Standard Hinges on Compromise
American Council of Life Insurers predicts. But as the U.S.-based Financial Accounting Standards Board and the London-based International Accounting Standards Board work diligently ...
Source: BestWire   Date: April 1, 2011
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Pennsylvania Regulators: AIG Companies Did Not Underprice Business
Pennsylvania insurance regulators said Chartis Inc.'s subsidiaries under-reported a number of inter-company policyholder guarantees, but did not undercut competitors with ...
Source: BestWire   Date: December 31, 2010
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AIG to Pay $146.5 Million to Settle State Allegations of Under Reporting Workers' Comp Premiums
Pratter said in a statement. "AIG will pay a significant penalty, $100 million divided among the participating states, to resolve violations of insurance laws. This reflects the ...
Source: BestWire   Date: December 23, 2010
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Former N.Y. Insurance Chief Dinallo Expects Increased M&A Activity
Former New York State Superintendent of Insurance Eric R. Dinallo, who has joined the law firm of Debevoise & Plimpton, said he expects to see more insurance company mergers and ...
Source: BestWire   Date: December 7, 2010
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Former N.Y. Insurance Chief Dinallo Expects Increased M&A Activity
Former New York State Superintendent of Insurance Eric R. Dinallo, who has joined the law firm of Debevoise & Plimpton, said he expects to see more insurance company mergers and ...
Source: BestWire   Date: December 7, 2010
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TARP Oversight Panel: AIG Still a 'Significant Risk' to Taxpayers
American International Group Inc. still owes the federal government about $128.2 billion, and the Troubled Asset Relief Program's Congressional Oversight Panel has issued a report ...
Source: BestWire   Date: September 20, 2010
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Financial System's Regulatory Rewrite Becomes Law
American International Group Inc.'s financial products division. "Firms like AIG placed massive risky bets with borrowed money," he said, adding that this act will "put a stop to ...
Source: BestWire   Date: July 21, 2010
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Oversight Panel: AIG Bailout Flawed; Repayment of Debt 'Unknowable'
Troubled Asset Relief Program's effect on the U.S. financial system, characterized the rescue as still having a "poisonous" impact on the marketplace. The report suggests the ...
Source: BestWire   Date: June 11, 2010
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Treasury Department: AIG Numbers Look Better for Partial Debt Payback
The bailout of insurance giant American International Group Inc. will still lose money for the taxpayers, but not quite as much as initially believed. The U.S. Department of the ...
Source: BestWire   Date: May 24, 2010
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Brokers, Insurer CEOs Look to New Contingent Commission Rules, Systemic Risk Regulations
Shivan Subramaniam, chief executive officer of FM Global. Edmund Kelly, chairman and CEO of Liberty Mutual Group, agreed, saying it is unacceptable for insurers to be forced to pay ...
Source: BestWire   Date: April 27, 2010
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Greenberg Seeks to Dismiss N.Y. AG's Civil Case
General Reinsurance Corp. that boosted AIG's loss reserves without any actual transfer of risk and transactions with Capco Reinsurance Co. Ltd., a special purpose entity AIG ...
Source: BestWire   Date: April 13, 2010
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US Government Appoints Two Retired Execs to AIG Board
Treasury Department appointed two retired executives, Donald H. Layton and Ronald A. Rittenmeyer, to American International Group Inc.'s board after AIG skipped paying dividends on ...
Source: BestWire   Date: April 5, 2010
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Insurers Seek New Growth Outlets in Taiwan's Saturated Market
Celent in a market report. The market still offers potential for untapped opportunity. As for retirement plans, many Taiwanese are interested in individual annuity products due to ...
Source: BestWire   Date: March 2, 2010
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China's Insurance Market Concludes a Decade of Rapid Evolution
... China National Petroleum Corp. (CNPC), won approval to establish in China in January 2002 and became the first Sino-foreign insurance joint venture to operate insurance business ...
Source: BestWire   Date: January 19, 2010
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