HONG KONG (Reuters) – American International Group Inc’s (AIG.N) remaining shareholding in AIA Group Ltd after its listing is not of concern to investors, AIA CEO Mark Tucker said on Sunday, as the mega offer enters its home stretch. AIA, which aims to raise up to $20.5 billion through an Hong Kong initial public offering [...]
AIA CEO says AIG shareholding overhang no issue
posted by Mitchell Kirby on October 18th, 2010 under Insurance Advise
AIG bailout exit doesn’t resolve losses from TARP
posted by Mitchell Kirby on October 3rd, 2010 under Insurance Advise
NEW YORK — American International Group finally has a plan to exit the biggest of the Wall Street bailouts a month before midterm elections. But much as embattled lawmakers might wish otherwise, the book on TARP won’t close anytime soon. There’s no guarantee taxpayers who gave AIG a $182 billion bailout will be made whole [...]
Ten ways to beat the fuel hikes
posted by Mitchell Kirby on September 28th, 2010 under Insurance Advise
Make sure you fill up your car on Thursday this week, as fuel prices increase by a penny from Friday October 1. Here, we look at some of other ways you can beat rising fuel costs… Remember back in March when Alistair Darling gave what turned out to be the last budget of the Labour [...]
Should young drivers be kept off the roads?
posted by Mitchell Kirby on September 21st, 2010 under Insurance Advise
It’s a tough time to be a teenage driver; this week saw recommendations that newly qualified young drivers should be banned from driving at night, while car insurance premiums for this age group continue to soar. There’s good reason for that, of course. Young drivers are 10 times more likely to be involved in a [...]
Insurance Risk Barometer Remains Steady in Q2
posted by Mitchell Kirby on September 13th, 2010 under Insurance Advise
Risk managers can put away their stress balls for the moment, as the latest research report from TransUnion finds that risk levels aren’t rising. According to the Chicago-based credit and information management firm, its proprietary Insurance Risk Index, which had declined during each of the three previous quarters, showed a slight increase as of the [...]
Insurers get tough on fraud
posted by Mitchell Kirby on September 10th, 2010 under Insurance Advise
Insurance firms are starting to automatically check the claims histories of car insurance applicants as one in 10 fail to tell the truth when applying for cover. Here, we explain how to get the best deal on your car insurance, without resorting to fraud… Average motor insurance premiums have shot up by almost a third [...]