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Stock Market & Financial Investment News

News Breaks
January 9, 2013
10:16 EDTAIGAIG enters $400M reinsurance transaction with Compass Re
AIG announced that it has entered into a reinsurance transaction with Compass Re, which will provide $400M of peak-zone protection against U.S. hurricanes and earthquakes.To fund its potential obligations to AIG, Compass Re issued a $400M catastrophe bond in a single tranche. The transaction closed on December 27, 2012 and provides AIG with fully collateralized coverage against the losses described above on a per-occurrence basis through December 2014 using an index trigger with state-specific payment factors.
News For AIG From The Last 14 Days
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July 1, 2015
16:51 EDTAIGCheckpoint Systems pays $9M to AIG to resolve litigation
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June 24, 2015
17:57 EDTAIGWall Street applauds Senate giving go-ahead for 'fast track' trade powers
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