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There are 68,813 results that match your search.68,813 results
  • Swiss Re writes down a further $255mn; S&P ratings affirmed
    Swiss Re’s shares were trading up 2.5 percent today (25 September) at SFr64.10 after the Zurich-headquartered reinsurer revealed lower-than-feared write-downs from its exposures to structured credit default swaps (CDS).
    25 September 2008
  • Lloyd’s posts 89 percent combined ratio
    Lloyd’s has announced an interim profit before tax of £949mn for the six month period ending 30 June 2008, a fall of 47 percent against 2007’s record figure of £1.8bn.
    25 September 2008
  • AIG shares give up gains as private rescue hope recedes
    Shares in AIG gave up the week’s gains as investors digested the news that the US government is to take up its proposed 79.9 percent dilutive stake in the insurance giant, dashing speculation that an alternative deal may have salvaged greater shareholder
    24 September 2008
  • AIG seals $85bn Fed bail-out; hands 80 percent control to state
    American International Group Inc (AIG) has signed an agreement to take the two-year, $85bn loan facility with the Federal Reserve Bank of New York, which includes the issue of convertible preferred stock that effectively hands the state 79.9 percent contr
    24 September 2008
  • Buffett invests $5bn in Goldman Sachs
    Just days after Goldman Sachs announced it was to change its regulated status, Warren Buffett’s Berkshire Hathaway confirmed it will invest $5bn in the iconic investment bank.
    24 September 2008
  • AIG shares lift 14 percent on Liddy plans
    Shares in American International Group Inc (AIG) traded sharply upwards today as the market reacted favourably to a candid television interview given by its new CEO Edward Liddy late Monday evening.
    23 September 2008
  • Swiss Re expects $300mn net Gustav and Ike claims
    Swiss Re expects to take a $300mn hit after reinsurance for hurricanes Gustav and Ike, the two storms that made US landfall earlier this month.
    23 September 2008
  • AIG ‘for sale’ list expected next week
    American International Group (AIG) expects to have a “for sale” list of assets drawn up by the end of next week, and may have executed transactions in that time frame, according to new chairman and CEO Edward Liddy.
    23 September 2008
  • New bill refuels US tax debate as Berkley calls for level playing field
    Both sides in the US taxation debate have been quick to respond to proposed legislation aimed at levelling the playing field between foreign-owned and domestic carriers writing business in the world’s biggest insurance market.
    23 September 2008
  • AIG shares lift 14 percent on Liddy plans
    Shares in American International Group Inc (AIG) traded sharply upwards today as the market reacted favourably to a candid television interview given by its new CEO Edward Liddy late Monday evening.
    23 September 2008
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