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NEW YORK (Bloomberg)—American International Group Inc. has no intention to sell its Taiwan-based life insurance unit to another party and won’t entertain an offer from Chinatrust Financial Holding Co., AIG said in an e-mailed statement. Read more: |
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WASHINGTON (Bloomberg)—Sen. Richard Shelby, R-Ala. Read more: |
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NEW YORK (Reuters)—Hewlett-Packard Co.' Read more: |
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LONDON (Bloomberg)—RSA Insurance Group P.L.C., the United Kingdom's biggest nonlife insurer, made a £5 billion ($7.98 billion) bid for Aviva P.L.C.'s general insurance business, according to two people with knowledge of the situation. Read more: |
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ZURICH, Switzerland—ACE Ltd. said Thursday that John Keogh, who is chairman, insurance-Overseas General, has also been named vice chairman of ACE Ltd. and ACE Group Holdings. Read more: |
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PITTSBURGH—An workers compensation claimant failed to establish that an insurance investigator who videotaped him praying at an Islamic center violated his privacy rights, an appellate court in Pennsylvania has ruled. Read more: |
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PITTSBURGH—A workers compensation claimant failed to establish that an insurance investigator who videotaped him praying at an Islamic center violated his privacy rights, an appellate court in Pennsylvania has ruled. Read more: |
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WASHINGTON—BP Products North America Inc., a unit of BP P.L.C., will pay a record $50. Read more: |
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NEW YORK—American International Group Inc. reportedly has held talks with potential investors to sell part of American International Assurance Co. Read more: |
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WASHINGTON—The Pension Benefit Guaranty Corp. said Thursday that it has taken over and terminated seven underfunded pension plans sponsored by the Chicago Sun-Times. Read more: |
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CINCINNATI—A pregnant welder who was transferred from her job can pursue pregnancy discrimination and Americans with Disabilities Act claims, a divided federal appeals court has ruled in largely overturning a lower court decision. Read more: |
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LONDON (Reuters)—British insurer Prudential P.L.C. said its failed bid for American International Group Inc.' Read more: |
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BURLINGTON, Vt.—The Vermont Captive Insurance Assn. Read more: |
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While they’re facing increasing competition from commercial market companies, captive insurers generally seem well positioned to provide healthy risk financing alternatives despite the soft market, according to a report from A.M. Best Co. Inc. Read more: |
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BURLINGTON, Vt.—After a slight dip last year, attendance is up at the Vermont Captive Insurance Assn.’s annual conference, VCIA officials say. Read more: |
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MANAMA, Bahrain—ACE European Group Ltd. on Wednesday said it has named Stephen Dixon as regional managing director of the insurer's Middle East and North Africa operations. Read more: |
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LOS ANGELES (Bloomberg)—American International Group Inc.'s plane-leasing unit boosted a debt offering to $4.4 billion of secured and unsecured notes as it seeks to repay a portion of loans from the bailed-out insurer. Read more: |
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SAN FRANCISCO—The Workers’ Compensation Insurance Rating Bureau of California’s governing board on Wednesday approved a recommendation to increase rates by 29.6% beginning Jan. 1, 2011. Read more: |
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SPRINGFIELD, Ill.—Illinois Gov. Pat Quinn has signed into law a bill that prohibits employers from discriminating against employees on the basis of their credit history. Read more: |
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WASHINGTON—Former U.S. Rep. Dan Rostenkowski, a long-time chairman of the House Ways and Means Committee and one-time political powerhouse, died Wednesday. He was 82. Read more: |
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HANOVER, Germany—Hannover Reinsurance Co. has named Klaus Miller as leader of its life and health reinsurance business in northern and central Europe and as a member of its executive board effective Sept. 1. Read more: |
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