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Stock Market & Financial Investment News

News Breaks
July 22, 2014
06:43 EDTAIG, AZESYMalaysia Airlines incidents rattle insurance market, NY Times says
The aviation insurance market has been shaken up by the loss of two Malaysia Airlines planes in less than five months, according to The New York Times. The airlines has a relatively high cap of $2.25B for each plane, and its policy does not have a limit for search and rescue costs, the newspaper stated. Allianz (AZESY) was the lead insurer of the Malaysia Airlines plane that disappeared in March, although Allianz only had 9% of the exposure, the newspaper stated. The Atrium Underwriting Group is the lead underwriter for Malaysia Airlines’ war risk insurance, The Times noted. AIG (AIG) also sells aviation insurance. Reference Link
News For AZESY;AIG From The Last 14 Days
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March 20, 2015
18:12 EDTAIGU.S. Court approves AIG investors' $970.5M settlement, Reuters reports
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07:46 EDTAIGAllstate, AIG, others questioned by regulator over pricing method, WSJ says
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March 16, 2015
08:26 EDTAIGAIG to acquire controlling stake in NSM Insurance
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08:25 EDTAIGAIG acquires controlling interest in NSM Insurance Group
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