494 results returned for search: "independence AND " category "Business"
Allied World Assurance Company Holdings AG has agreed to merge with US reinsurer Transatlantic Holdings Inc in a $3.2 billion deal that creates a reinsurer with operations in 18 countries - but other suitors may be tempted to make a rival bid for Tra...
DATE: Jun 14, 2011
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CATEGORY:
Reinsurance
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NEW YORK (Bloomberg) - American International Group Inc. (AIG), recipient of a $182.3 billion US government rescue, agreed to pay $450 million to rivals to settle claims it shortchanged industry-funded pools that insure injured workers.
Travelers Cos...
DATE: Jan 10, 2011
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CATEGORY:
International Business
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During a rainstorm in Washington in early 2009, amid the furore over Wall Street's post-bailout bonuses, an American International Group employee pulled out an umbrella that had the insurer's name on it.
“Somebody came by, grabbed the umbrella and br...
DATE: Dec 22, 2010
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CATEGORY:
International Business
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NEW YORK (Bloomberg) — American International Group Inc. hired Sid Sankaran, a partner at consulting firm Oliver Wyman, as chief risk officer as the bailed-out insurer works to regain independence from the US.
Sankaran headed Wyman's Toronto office a...
DATE: Nov 09, 2010
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CATEGORY:
Other
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NEW YORK (Bloomberg) — Steve Miller, who was promoted to chairman of American International Group Inc. three months ago, will be interim chief executive officer of the bailed-out insurer if Robert Benmosche steps down while fighting cancer.
Miller wi...
DATE: Oct 29, 2010
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CATEGORY:
Other
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Albert Einstein defined insanity as doing the same thing repeatedly and expecting different outcomes. The crazy gang at the Federal Reserve should heed those words when debating how much more market manipulation to inflict on the world of fixed incom...
DATE: Oct 29, 2010
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CATEGORY:
Other
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NEW YORK (Bloomberg) — American International Group Inc.'s plan to exit US ownership includes a new $2 billion backstop from the Treasury Department after credit raters said the company may need emergency capital as it regains independence.
The funds...
DATE: Oct 18, 2010
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CATEGORY:
Other
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NEW YORK (Bloomberg) — The US Treasury Department may announce plans as early as this week to return American International Group Inc. to independence and recoup taxpayer money from the insurer's bailout, according to three people with knowledge of t...
DATE: Sep 28, 2010
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CATEGORY:
Other
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Two former HSBC wealth managers have set up their own company to offer personalised service to high net worth clients in Bermuda.
Granaway Wealth Management Ltd. was launched by Dominic Powell and Ryan Kromer, both Chartered Financial Analysts, in Ju...
DATE: Sep 13, 2010
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CATEGORY:
Other
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Going green, going organic, the green wave. It is the new buzzword across the globe, and that, of course, includes Bermuda. Reuse, recycle, reduce your footprint in respect for your own environment. Going green is more than a buzzword and more than l...
DATE: Aug 14, 2010
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CATEGORY:
Other
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