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House Heating Up Investigation Into AIG's Counterparty Payments
Chairman Edolphus "Ed" Towns, D-N.Y., said he's added Henry Paulson, the former Treasury secretary, and Stephen Friedman, the former chairman of the Federal Reserve Bank of New ...
Source: BestWire   Date: January 18, 2010
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Lessons From HIH Collapse Helped Australia's Insurers Through Current Financial Crisis
University of New South Wales. In the past decades, similar problems had "repeated and repeated" again. "People just forgot about the lesson learned from the events," he noted. "We ...
Source: BestWire   Date: December 22, 2009
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Zurich Looks Into Broader and Deeper Life Expansion in Asia
Mario Greco, CEO of global life insurance at Zurich. Indonesia's life insurance penetration is low at 0.9% in terms of gross domestic product, according to Swiss Re's [85009] sigma ...
Source: BestWire   Date: December 1, 2009
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Buyers Of AIG's Taiwan Life Assets Face More Regulatory Hold-Ups
Chinatrust through a subscription of 1.17 billion shares of Chinatrust's common stock at NT$17.74 (US$0.55) per share (BestWire, Nov. 18, 2009). The deal is subject to regulatory ...
Source: BestWire   Date: November 27, 2009
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AIG's Nan Shan Sale Held Up as Regulators Seek More Documentation
Primus Financial Holdings Ltd. and China Strategic Holdings Ltd., to submit more documents for further review. The requirement for more documents was "not a rejection" of the bid, ...
Source: BestWire   Date: November 19, 2009
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Chinatrust Challenges AIG's Nan Shan Deal in Taiwan
Chinatrust Financial Holding Co., one of the bidders for American International Group Inc.'s [18540] Taiwanese life unit, is challenging AIG's deal to sell the unit to a consortium ...
Source: BestWire   Date: November 4, 2009
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AIG Cleared to Replace Its Beijing Representative Office Chief
Beijing representative office. According to AIG, Beijing-based Murray, who was named managing director of the research team of AIG Asia in 2007, runs AIG's corporate research ...
Source: BestWire   Date: October 16, 2009
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For Mutuals, Financial Crisis Creates an Opening--Along With Potential Pitfalls
Bardswick said in a speech at the conference. Speakers at the conference pointed to several advantages they now see in their corner: conservative investing, local expertise, ...
Source: BestWire   Date: October 12, 2009
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SEC Chief Testifies About Changes She Wants in Derivatives Reform Proposal
Mary Schapiro, chairwoman of the U.S. Securities and Exchange Commission, testified before a U.S. House of Representatives hearing on the over-the-counter derivatives market, ...
Source: BestWire   Date: September 23, 2009
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GAO Says AIG Stable, Uncertain Whether Company Can Pay Back Government
American International Group Inc., saying the insurance giant is stabilized now, but it's unclear whether it will be able to pay the federal government back for its expensive ...
Source: BestWire   Date: September 21, 2009
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Perspectives: With Congress' Focus on Health Reform, Overhauling Regulation May Be a Tall Order
Congress wasn't designed for efficiency. It's supposed to be hard to make laws. Add to that Congress' tendency toward a one-track mind, and it becomes easy to be skeptical that ...
Source: BestWire   Date: September 21, 2009
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Australia's Regulator Touts Vigilance Over Systemic Risk
... Compensation Practices, according to APRA. To empower and embolden boards to determine sound remuneration arrangements for all staff who can "materially affect" the performance of ...
Source: BestWire   Date: September 15, 2009
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The Rescue of AIG Triggers Asia-Pacific Regulatory Reforms
The credit crisis of American International Group Inc. [18540], and the U.S. government intervention it triggered, is raising questions about whether such intervention is creating ...
Source: BestWire   Date: September 15, 2009
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After AIG's Stumble, Asia-Pacific Regulators Rethink Cross-Border Strategies
... Asian insurance regulators. Lessons Learned According to the CIRC, the AIG case has brought a series of revelations to regulators, motivating them to strengthen supervision on ...
Source: BestWire   Date: September 15, 2009
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The AIG Effect: Congressional Fire Turns to Quiet Debate
When American International Group Inc. threatened to drag down the rest of the U.S. financial system in September of 2008, the floodgates of blame swung open. The rhetoric began ...
Source: BestWire   Date: September 8, 2009
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State of Change
Financial Times of London reported that the U.K.'s Association of British Insurers sent a letter to the U.K. Treasury warning that the industry would need billion of pounds in ...
Source: BestWire   Date: September 7, 2009
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BestWeek: AIG's Near Fall Sends Ripples Through Industry Pricing, Underwriting, Competition
Saturday afternoon, Sept. 13, 2008. From discussions with then-New York Insurance Superintendent Eric Dinallo, Ario knew AIG was headed for ratings downgrades come Monday, but no ...
Source: BestWire   Date: September 4, 2009
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Senior House Republicans Call for Audit of AIG Trust System
American International Group's public stake is being managed. Rep. Spencer Bachus, chief Republican on the financial-services panel, and Rep. Darrell Issa, his counterpart on the ...
Source: BestWire   Date: September 1, 2009
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China's Motor Insurers Rev Up the Premiums, But Claims Costs Prove Hard to Control
Jenny Lai, consultant at Towers Perrin. Overall, competition and focus on premium growth have come at the cost of profitability, noted Lai. It is impossible to reckon how ...
Source: BestWire   Date: September 1, 2009
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Taiwan Regulator: Nan Shan Bidders Need to Show Long-Term Business Goals
The bidding closed a second round on Aug. 28. Nan Shan declined to comment on the bidding and any further timeline for its conclusion. The Financial Supervisory Commission affirmed ...
Source: BestWire   Date: August 31, 2009
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