Insight and Intelligence on the London & International Insurance Markets

18 May 2012

Search archive

Other articles of interest
Liberty Mutual the preferred bidder for Quinn
Digest
International digest
Berkshire adds just $150mn to YTD cat reserves
Transatlantic unveils modest $35mn Q2 cat losses

International digest

4 February 2010

AIG reveals 'backdoor bailout' worth $62bn
American International Group (AIG) has been forced to bring to light details of some $62bn-worth of derivative transactions bound up with its near-collapse in September 2008.

The "schedule A - list of derivative transactions" reveals some of the missing pieces behind the $180bn government bailout of AIG, in which a New York Federal Reserve (NYFR)-backed entity fed funds to 16 big US and European banks that had bought credit default swaps from the insurer...

You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.

Purchase


Share: This article was published as part of issue February 2010/1

Insider Publishing Limited - 2nd Floor Asia House, 31-33 Lime Street, London, EC3M 7HT, United Kingdom. The content of this website is copyright of Insider Publishing Limited 2012. All rights reserved Insider Publishing Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.

Π