Reinsurance

HARTFORD, CONN.--Former American International Group Chairman Maurice Greenberg pressed for action on a suspect reinsurance transaction with a barrage of telephone calls to the head of General Reinsura

HARTFORD, CONN.--An executive, who pleaded guilty to a role in an accounting fraud by American International Group, told a federal jury he admitted his guilt because he believed he was wrong in doing w

Moody's Investors Service announced today that the Aaa financial strength rating of Bermuda-based Channel Reinsurance Ltd., which provides coverage for troubled bond insurer MBIA, is on review for dow

HARTFORD, CONN.--An executive with American International Group Inc. told a federal jury today that he never saw the data needed to evaluate a reinsurance transaction that prosecutors say inflated AIG

One charge will result in a write-off of its total $126.7 million investment in ChannelRe Holdings Ltd., a privately held financial guaranty reinsurer, and a second $55 million charge to increase incu

Allstate is pondering its next move after Florida's insurance commissioner announced he was suspending the insurer's license to write new auto insurance business in the state until the carrier provide