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Showing 151 - 160 of 212 results for "AiG"

AIG gets another A$57 billion bail-out

ALEX DUNNIN  |  TUESDAY, 11 NOV 2008
Concerns by the US Treasury that AIG in the US is still struggling, the insurer has been granted another A$57 billion in federal funding. The latest arrangement will see AIG hand over yet more stock to the government. The decision follows AIG in the ...

Sisyphian challenge

BENJAMIN ONG  |  TUESDAY, 11 NOV 2008
... of hand. Last night, the US Treasury was pushing up the boulder again. The Treasury expanded and changed the terms of the AIG bailout. The original US$85 billion loan has been reduced US$60 billion. The terms of the loan have been reduced from LIBOR ...

I'll have what she's having

BENJAMIN ONG  |  MONDAY, 27 OCT 2008
... In the same week that these institutions are begging to be included in the rescue lifeboat, American International Group (AIG) warned the Fed that it would probably need more than the US$123 billion of the taxpayer-funded loan the government has provided. ...

More pain for insurance firms

RUTH LIEW  |  FRIDAY, 24 OCT 2008
Global insurance brokerage firm Aon has warned that following AIG's troubles and government rescue, there will be more bad news from insurers as the sector undergoes mass asset depletion and capital shortage. Speaking yesterday at Aon's 2008 Advanced ...

Insurance stays afloat

RUTH LIEW  |  TUESDAY, 21 OCT 2008
... sound portfolio management. According to Datamonitor, insurance companies have been hobbled but are not facing a meltdown. AIG's situation was fuelled by a small group of writing credit default swaps, not its insurance business - an exceptional occurrence ...

AIG secures extra A$54bn in liquidity

ALEX DUNNIN  |  FRIDAY, 10 OCT 2008
The future of AIG Life Australia might be assured, but the US government has been forced to extend the lifeline extended to AIG in the US by another A$54 billion. The new arrangement is being structured through a securities lending agreement where the ...

AIG Australia to be retained

ALEX DUNNIN  |  TUESDAY, 7 OCT 2008
AIG international has advised the market and policyholders that it will be retaining a majority interest in its Asian insurance companies, including its Australian life insurance operation AIG Life Australia. The announcement is part of AIG's commitment ...

AIG not impacted by bail-out failure

ALEX DUNNIN  |  TUESDAY, 30 SEP 2008
This morning's bail-out failure does not impact AIG, whose funding has already been approved and put in place. Congress this morning rejected the bail-out legislation 228 votes to 205 after two-thirds of Republican legislators dismissed the bill's pre-conditions ...

Super funds are not 'blameless'

MICHAEL HOBBS  |  THURSDAY, 25 SEP 2008
... them to the flow-on risks of the US sub-prime mortgage crisis, particularly with what happened with Fannie Mae, Freddie Mac, AIG and Lehman Brothers. The credit crisis has highlighted the need for pension funds to better understand their role in the ...

TOWER and BNY Mellon clarify position

MICHAEL HOBBS  |  FRIDAY, 19 SEP 2008
... services firm, Bank of New York Mellon have been quick to clarify the firms have little to no exposure to Lehman Brothers and AIG. In an Australian Securities Exchange (ASX) statement, TOWER Australia said it has "negligible exposures to AIG and Lehman ...