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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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July 28, 2015
08:32 EDTAIGAIG to acquire First Principles, terms not disclosed
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08:31 EDTAIGAIG names Douglas Dachille as Chief Investment Officer
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July 16, 2015
09:09 EDTAIGAIG expands presence in Chinese-American life insurance market
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08:54 EDTAIGBofA/Merrill U.S. life insurance analyst holds analyst/industry conference call
U.S. Life Insurance Analyst Weiss, along with Jill Hoffman, VP of Government Affairs and Felicia Smith, VP & Senior Counsel for Regulatory Affairs from the Financial Services Roundtable, discuss the Labor Department's recent proposal to impose fiduciary standards on the sale of retirement products on an Analyst/Industry conference call to be held on July 20 at 11 am.
08:05 EDTAIGAIG launches design, construction risk mitigation service for luxury homes
AIG Private Client Group said it introduced the insurance industry’s first risk management and mitigation service for residential construction projects with budgets of $5M or more. The service seeks to minimize risks related to natural catastrophe, water damage, security, fire and life safety, and potential threats to fine art or other collections that will be located in a home. AIG’s Smart Build recommendations come from the company’s deep experience protecting some of the world’s largest luxury homes, as well as extensive analysis of AIG claims data and overall loss trends.

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