Investment Officers
Hank Greenberg Seeks Damages Over 2008 AIG Rescue
U.S. lawyers on Friday urged an appeals court to bless the federal government's $85 billion bailout of American International Group Inc. At the same time, attorneys for Maurice "Hank" Greenberg are ...
Zurich Combines North America Commercial, Global Corporate Units; Horgan to Lead
Zurich Insurance Group continues its ongoing effort to reorganize and streamline with news that its North America Commercial Markets and Global Corporate businesses will combine into one division. ...
Election Uncertainties Prompt Fairfax’s Watsa to Dump U.S. Treasuries
Fairfax Financial Holdings Ltd., the Canadian holding company run by value investor Prem Watsa, sold almost all of its long-dated U.S. Treasuries amid global uncertainty, including the outcome of the ...
Investment Gains Fuel Allied World’s Q3 Results
Double-digit investment income growth contributed largely to solid Q3 earnings at Allied World Assurance Company Holdings AG. Results also reverse the losses booked a year ago, despite some larger ...
CNA Investment Income Gains Stand Strongly in Steady Q3
CNA Financial Corp's Q3 went very well for the insurer, which is slated to get a new CEO on Nov. 21. Net income soared, thanks to investment gains, catastrophe losses were relatively stable, and the ...
Post-Merger Chubb Scores in Q3 Net Income, Combined Ratio
The world's largest publicly traded property/casualty insurance company, Chubb Limited, reported net income for the quarter ended Sept. 30, 2016 of $1.36 billion, or $2.88 per share, compared with ...
AllianceBernstein Takes $7B Hit as AIG Cuts Asset Manager Ties
AllianceBernstein Holding LP became another victim of the hedge fund rout when American International Group Inc. decided to wind down a six-year relationship with the asset manager. AIG was the "most ...
AIG Sued for $100M in Bonuses by Former Derivatives Staff
American International Group Inc. was sued by former staff who say they were denied $100 million in bonuses amid public outrage over derivative trades that crippled the insurer and threatened the ...