Hints and tips:
...Allstate, State Farm and AIG have stopped underwriting new homeowners’ policies in California because of the risk of destructive wildfires....
...It is that the general underlying thought behind the use of the word “guaranty” with respect to bank deposits is that you guaranty bad banks as well as good banks and the minute the government starts to...
...AMG sold its equity stake to Assured Guaranty for $91m....
...The group of lenders providing the loan to Murray Energy hold more than 60 per cent of nearly $1.7bn in claims held under the company’s super-priority credit and guaranty agreement....
...The settlement was less than the $20bn a group of insurance claimants - including the likes of AIG, Allianz, Allstate, Farmers Insurance Exchange and hedge fund Baupost Group - had sought, prompting some...
...Assured Guaranty, a US-based insurer that survived, has recently been ramping up its activity in the UK....
...But shares in Allstate fell 2.3 per cent on Monday, while Travelers, Chubb and AIG were all off more than 3 per cent....
...He then joined Morgan Guaranty Trust Company, a predecessor firm of JPMorgan Chase, where he ran the international private banking unit....
...He made his name over the past two decades taking on and beating many big companies — Facebook, AIG, News Corp, Dole Food, Barclays, to name a few — on behalf of pensions and money managers who felt cheated...
...After markets close, Telsa, Fitbit, AIG, Occidental Petroleum and Marathon Oil will report quarterly earnings....
...The biggest US insurer by market value had been planning to float a 20 per cent stake in United Guaranty Corporation (UGC) before offloading the North Carolina-based mortgage business in full, write James...
...Now Arch is expanding into the mortgage business with an agreement this month to buy United Guaranty Corp (UGC) from AIG, a $3.4bn deal that will make the Bermuda-based group the biggest private mortgage...
...Now the threshold is $100bn, the Fed said, as it waived through People’s United Financial’s acquisition of Suffolk Bancorp — a deal which will create a bank with $43bn in assets....
...claimed its recapitalisation plan would allow the government to realise between $75bn and $100bn in cash by exercising warrants, a structure it likened to the post-crisis resolution of the bailed-out insurer AIG...
...The biggest US insurer by market value had been planning to float a 20 per cent stake in United Guaranty Corporation (UGC) before offloading the North Carolina-based mortgage business in full....
...Mr Dachille said that AIG’s residential portfolio had been “limited” in large part because it had already been exposed to the housing market through its mortgage insurance business, United Guaranty Corporation...
...Earlier this year Mr Hancock set out plans for further disposals — notably a listing of United Guaranty, AIG’s North Carolina-based mortgage insurance arm — and accelerated cost cuts....
...AIG’s initiatives include a partial listing of its mortgage insurance arm, United Guaranty. A stake of 20 per cent would be floated, as a “first step towards a full separation”....
...Mr Hancock's initiatives include a stock market launch this year of AIG's mortgage insurance arm, United Guaranty....
...The decision comes just three months after Mr Icahn, an activist who is currently waging a campaign to split up US insurer AIG, took a stake in the company and said its existing structure was hobbling growth...
...The most obvious external impact is on fellow insurer AIG, itself fighting demands to split from activist Carl Icahn....
...Mr Icahn has been calling for AIG to break up but management has resisted in what has become a public spat....
...Earnings later include Pepsico, AIG, Thomson Reuters, Activision Blizzard, CBS and Manchester United....
...He spent the past four years suing the US government over the terms of its $182bn bailout of AIG during the 2008 financial crisis....
...He ruled that shareholders had been treated unfairly when the Federal Reserve received a 79.9 per cent stake in AIG in return for rescue funds....
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