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American International Group today reported a loss of $61.7 billion for the fourth quarter of 2008--one of the largest ever recorded by a public company. At the same time, in coordination with the

Arthur J. Gallagher & Co. said late Friday that it has completed the previously announced acquisition of policy renewal rights from Liberty Mutual's middle-market commercial property-casualty

Arthur J. Gallagher & Co. said late Friday that it has completed the previously announced acquisition of policy renewal rights from Liberty Mutual's middle-market commercial property-casualty

The Munich, Germany-based insurer issued its "Topics Geo-Natural Catastrophe 2008" report, which said that overall losses for 2008 came to $200 billion. When adjusted for inflation, 2008 losses were

Guy Carpenter & Co. LLC, has agreed to acquire John B. Collins Assoc. Inc. Following the closing of the transaction, John Collins will serve as vice chairman of Guy Carpenter and Patrick Denzer, chief executive officer of Collins, will serve as

Texas-based retail and managing general agency, The Woodlands Financial Group Inc. (TWFG), has hired Katherine Nolan as its new chief operating officer. Nolan has more than 15 years of insurance management experience with P&L, strategic planning and

Alliant Insurance Services Inc. has consolidated all of its retail brokerage operations into a new single unit under the direction of Ralph Hurst. Hurst, formerly one of several group operating presidents, is now president of the national brokerage

Guy Carpenter & Co. LLC has been awarded a grant by the Microinsurance Innovation Facility to develop a reinsurance facility for microinsurance and microfinance company operations (MFIs). The Facility, a partnership between the International Labour