Posted by Reuters: Business News on January 17, 2012
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.
Posted by Reuters: Business News on December 13, 2011
(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.
Posted by Reuters: Business News on December 8, 2011
NEW YORK (Reuters) – U.S. securities regulators are closing a long-running investigation into allegations that two well-known hedge funds conspired to spread negative information about Toronto insurer Fairfax Financial, two people familiar with the inquiry said.
Posted by Reuters: Business News on November 3, 2011
(Reuters) – Insurer American International Group lost more than $4 billion in the third quarter, as its aircraft leasing unit took an impairment charge on a portion of its fleet and the fair value of the company’s one-third stake in Asian insurer AIA fell.
Posted by Reuters: Business News on October 19, 2011
NEW YORK (Reuters) – The Nasdaq fell on Wednesday, weighed down by technology heavyweight Apple’s profit miss, but gains in chipmaker Intel and insurer Travelers kept the S&P near the unchanged mark.
Posted by Reuters: Business News on
NEW YORK (Reuters) – The Nasdaq fell on Wednesday, a day after a profit miss from technology heavyweight Apple, but gains in chipmaker Intel and insurer Travelers pushed the Dow and S&P 500 higher.
Posted by Reuters: Business News on August 26, 2011
(Reuters) – American International Group Chief Executive Robert Benmosche has complained to senior executives at investment banks about the “unfavorable research” of the insurer’s stock, the Wall Street Journal said, citing people familiar with the matter.
Posted by Reuters: Business News on August 19, 2011
NEW YORK (Reuters) – Bailed-out insurer American International Group said on Thursday it closed the sale of its Taiwanese life insurance business and used the proceeds to repay the government another $2.15 billion.
Posted by Reuters: Business News on August 18, 2011
NEW YORK (Reuters) – Bailed-out insurer American International Group and dozens of banks have filed motions in federal court to block a proposed nationwide class-action suit against them over AIG’s 2008 near-collapse.
Posted by Reuters: Business News on August 4, 2011
PARIS (Reuters) – AXA , Europe’s second-biggest insurer, said on Thursday that first-half net income quadrupled, beating forecasts, helped by 1.44 billion euros ($2.05 billion) in one-off gains related to asset sales.
