Free Trial

Reactions Copying and distributing are prohibited without permission of the publisher

AIG draws another $2.2bn from Treasury

18 March 2010

AIG has secured an additional $2.2bn from the Treasury Department to strengthen its property/casualty divisions, Bloomberg reports.

Read more: [AIG] [Treasury Department] [Federal Reserve] [Robert Benmosche] [AIA]

AIG has secured an additional $2.2bn from the Treasury Department to strengthen its property/casualty divisions, Bloomberg reports. The insurer,...


Poll

How big would insured catastrophe losses this hurricane season have to be to move reinsurance pricing up?

$0-15bn
7%
$15bn-$30bn
12%
$30bn-$50bn
38%
$50bn-$75bn
31%
$75bn-$100bn
7%
>$100bn
5%

Quote

CEOs won’t move prices until they see blood in the street and have the concern that some of it might be theirs.

Tom Bolt, director of underwriting performance at Lloyd’s of London