OTC Capital Partners » Insurance

Customers seek access to MF Global insurance sums

Reuters: Business News — Wed, 08 Feb 2012 08:00:33 +0000

(Reuters) – Customers of MF Global’s broker-dealer unit say at least $120 million in insurance policies for the company’s executives should instead go toward filling a massive hole in their accounts.

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Liberty Mutual Mining Fund Investing $39.4M in Alderon Iron Ore

The PIPEs Report — Tue, 17 Jan 2012 14:50:03 +0000

Liberty Metals & Mining Holdings, an investment fund managed by insurance giant Liberty Mutual G…
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AIA sizes up bid for $6 billion ING Asia insurance unit: source

Reuters: Business News — Tue, 17 Jan 2012 14:30:39 +0000

HONG KONG (Reuters) – AIA Group Ltd , Asia’s No.3 insurer and about one-third owned by American International Group Inc , may bid for the $6 billion Asian insurance operations of ING Groep , sources said, with the prospective sale expected to draw heavy interest from rivals.

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FDIC Sells $101M Bank Loan Portfolio

The Distressed Debt Report — Thu, 12 Jan 2012 15:20:02 +0000

The Federal Deposit Insurance Corp. said it sold a 25% equity stake in a portfolio of bank loans tot…
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BofA and others being probed over home insurance: source

Reuters: Business News — Wed, 11 Jan 2012 14:00:04 +0000

NEW YORK (Reuters) – The New York state’s financial regulator is probing several large banks, including Bank of America Corp and Citigroup Inc, on whether they overcharged customers on force-place insurance, a source familiar with the matter said.

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Heungkuk, Goldman to arbitrate dispute

Reuters: Business News — Thu, 22 Dec 2011 02:00:04 +0000

(Reuters) – Heungkuk Life Insurance Co has withdrawn a $47 million lawsuit against Goldman Sachs & Co over the Timberwolf collateralized debt obligation (CDO) and will arbitrate the case instead.

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Morgan Stanley settles with MBIA, sets $1.8 billion charge

Reuters: Business News — Wed, 14 Dec 2011 03:40:03 +0000

(Reuters) – Morgan Stanley agreed to give up insurance claims against MBIA Inc in exchange for a $1.1 billion payment from the ailing insurer, ending a two-year legal fight over guarantees on mortgage bonds.

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Analysis: Foreign insurers miss the China party

Reuters: Business News — Wed, 07 Dec 2011 07:30:45 +0000

SHANGHAI (Reuters) – Ten years ago, foreign insurers were lining up to celebrate China’s entry into the World Trade Organization, eager to tap what was certain to become the world’s next big insurance frontier.

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Top shareholder cuts stake in Japan’s disgraced Olympus

Reuters: Business News — Thu, 17 Nov 2011 02:41:13 +0000

(Reuters) – Olympus Corp’s biggest shareholder, Nippon Life Insurance, has reduced its stake in the 92-year-old Japanese firm which is now battling to keep the support of its lenders and survive a massive accounting scandal.

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Analysis: Asia’s policy dilemma: Pause or pre-emptive strike?

Reuters: Business News — Mon, 07 Nov 2011 16:50:20 +0000

(Reuters) – Asia’s central bankers have two main choices for coping with Europe’s debt crisis: Wait it out and hope for a safe resolution, or take out an insurance policy in the form of an interest rate cut.

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