AIG to open office in Beijing

American International Group Inc.'s Chinese operation has received permission to open a branch office in Beijing.Shanghai-based AIG General Insurance Co. China Ltd. said in a statement that it has received approval from the China Insurance Regulatory Commission to establish an office in Beijing as part of plans to expand its geographic footprint...

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AIG to open office in Beijing

American International Group Inc.'s Chinese operation has received permission to open a branch office in Beijing.Shanghai-based AIG General Insurance Co. China Ltd. said in a statement that it has received approval from the China Insurance Regulatory Commission to establish an office in Beijing as part of plans to expand its geographic footprint...

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Pillar of Berkshire empire

Being a big insurer will amount Berkshire Hathaway Inc. dearly back astringent catastrophes strike, but it is a acceptable abode to be in the bosom of an bread-and-butter downturn, Chairman Warren Buffett said."We are lucky," said Mr. Buffett, as he addressed bags of shareholders at Berkshire's anniversary affair in his hometown of Omaha,...

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Pillar of Berkshire empire

Being a big insurer will amount Berkshire Hathaway Inc. dearly back astringent catastrophes strike, but it is a acceptable abode to be in the bosom of an bread-and-butter downturn, Chairman Warren Buffett said."We are lucky," said Mr. Buffett, as he addressed bags of shareholders at Berkshire's anniversary affair in his hometown of Omaha,...

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Aspen Profit

Aspen Insurance Holdings Ltd. on Wednesday reported $91.4 million in net income for the first quarter of 2009, a 12.6% rise compared with the same period in 2008.Gross written premiums were up 6.8% in the period to $636.8 million, while net earned premiums rose 14.2% to $447.3 million, the Hamilton, Bermuda-based insurer and reinsurer said.Aspen’s...

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Aspen Profit

Aspen Insurance Holdings Ltd. on Wednesday reported $91.4 million in net income for the first quarter of 2009, a 12.6% rise compared with the same period in 2008.Gross written premiums were up 6.8% in the period to $636.8 million, while net earned premiums rose 14.2% to $447.3 million, the Hamilton, Bermuda-based insurer and reinsurer said.Aspen’s...

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Mexico, Flu pandemic imminent

Mexican President Felipe Calderon told his people to stay home from Friday for a five-day partial shutdown of the economy, after the World Health Organisation said a swine flu pandemic was imminent.Mr. Calderon ordered government offices and private businesses not crucial to the economy to stop work to avoid further infections from the new...

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Mexico, Flu pandemic imminent

Mexican President Felipe Calderon told his people to stay home from Friday for a five-day partial shutdown of the economy, after the World Health Organisation said a swine flu pandemic was imminent.Mr. Calderon ordered government offices and private businesses not crucial to the economy to stop work to avoid further infections from the new...

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$30 billion to AIG

The U.S. Treasury Department has committed to accouterment American International Group Inc. with as abundant as $29.84 billion in added funds over the abutting bristles years, according to the insurer’s filing Monday with the Securities and Exchange Commission, which confirms an acceding accomplished in March.The accessible bulk "will be...

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$30 billion to AIG

The U.S. Treasury Department has committed to accouterment American International Group Inc. with as abundant as $29.84 billion in added funds over the abutting bristles years, according to the insurer’s filing Monday with the Securities and Exchange Commission, which confirms an acceding accomplished in March.The accessible bulk "will be...

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Old Data to Manage Risk

Few insurers are application authentic and appropriate advice to abutment decisionmaking, and beneath still accept baffled book assay or accomplish approved accident stress-testing, according to a analysis by the London-based Economist Intelligence Unit.And while insurers accept become adequate with the way they administer accident aural...

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Old Data to Manage Risk

Few insurers are application authentic and appropriate advice to abutment decisionmaking, and beneath still accept baffled book assay or accomplish approved accident stress-testing, according to a analysis by the London-based Economist Intelligence Unit.And while insurers accept become adequate with the way they administer accident aural...

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Obama adviser sees accessible bloom plan as allotment of reform

President Barack Obama's top bloom affliction adviser said Wednesday she was optimistic the White House and aldermanic Democrats could affected action by Republicans and insurers to a proposed fresh government-run bloom allowance program."I'm absolutely actual hopeful that we will be able to ability an acceding on that," Nancy-Ann DeParle,...

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Obama adviser sees accessible bloom plan as allotment of reform

President Barack Obama's top bloom affliction adviser said Wednesday she was optimistic the White House and aldermanic Democrats could affected action by Republicans and insurers to a proposed fresh government-run bloom allowance program."I'm absolutely actual hopeful that we will be able to ability an acceding on that," Nancy-Ann DeParle,...

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Allianz Grows to $180 million

A accident band placed by German insurer Allianz SE has developed to $180 million, according to Goldman Sachs & Co., which abiding the transaction.The bond, Blue Fin II, was initially placed aftermost ages for $150 million. It provides Munich-based Allianz with three-year aegis adjoin U.S. blow and convulsion losses.Blue Fin II is the...

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Allianz Grows to $180 million

A accident band placed by German insurer Allianz SE has developed to $180 million, according to Goldman Sachs & Co., which abiding the transaction.The bond, Blue Fin II, was initially placed aftermost ages for $150 million. It provides Munich-based Allianz with three-year aegis adjoin U.S. blow and convulsion losses.Blue Fin II is the...

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