10/26 Yahoo! Finance: Property & Casualty Insurance Industry News

Yahoo! Finance: Property & Casualty Insurance Industry News         AIG bailout loss was concealed due to valuation: report October 26, 2010 at 9:46 AM   [Reuters] - The U.S. Treasury concealed $40 billion in likely taxpayer losses on the bailout of American International Group , the New York Times said, citing a report by Neil Barofsky, the special inspector general for the Troubled Asset Relief Program.         Reinsurers Should Preserve Capital on Regulation, Swiss Re Says October 26, 2010 at 7:56 AM         Buffett Hires an Outsider to Oversee Investments October 26, 2010 at 7:15 AM         Treasury Hid A.I.G. Loss, Report Says October 26, 2010 at 7:00 AM         Buffett Names Castle Point's Combs to Investment Post October 26, 2010 at 3:31 AM         New Berkshire Hire May Be Buffett Successor October 26, 2010 at 2:50 AM         Berkshire Hire May Be Buffett Successor October 26, 2010 at 2:50 AM         Buffett-Backed BYD's Profit Plunges More Than 99% as Sales Drop October 26, 2010 at 2:39 AM         A.I.G. Discloses Its Chief Executive Has Cancer October 26, 2010 at 1:56 AM         AIG hit by revelation of Benmosche's cancer October 26, 2010 at 1:28 AM   [at Financial Times] - AIG has been rocked by news that Robert Benmosche, its chief executive, has cancer and is undergoing "aggressive chemotherapy", raising questions over his future at the government-owned insurer.         Arch Capital profit declines in 3Q October 26, 2010 at 1:18 AM   [AP] - Arch Capital Group Ltd. said Monday its third-quarter profit tumbled 48 percent as the insurer's revenue dropped sharply compared with a year earlier.         Regulator attacks US bail-out results October 26, 2010 at 1:17 AM   [at Financial Times] - It is "far too early" to celebrate a successful end to the US government's bail-out programme, according to a top watchdog, who also accused the Treasury of misleading accounting of its investment in AIG, the insurance group.         Lightning Round OT: Berkshire Hathaway, Cummins and More October 26, 2010 at 1:06 AM         AIG Chief Is Being Treated for Cancer October 26, 2010 at 1:05 AM         AIG Says Benmosche Has Cancer, Undergoing Treatment October 26, 2010 at 12:54 AM         AIG chief executive diagnosed with cancer October 26, 2010 at 12:51 AM   [at CNNMoney.com] - Robert Benmosche says he will continue working his normal schedule, despite being diagnosed with an unspecified cancer.         Berkshire's Hiring of Hedge Fun Manager Creates Instant Leading Contender for Warren Buffett's Investment Role October 26, 2010 at 12:36 AM         AIG says CEO Benmosche has cancer October 26, 2010 at 12:31 AM   [at MarketWatch] - Chief Executive Robert Benmosche has been diagnosed with cancer and is undergoing "aggressive" chemotherapy, says the company.         A.I.G. Reveals Chief Executive's Cancer Diagnosis October 26, 2010 at 12:17 AM         AIG Chief Diagnosed With Cancer October 26, 2010 at 12:08 AM         AIG says CEO Benmosche diagnosed with cancer October 25, 2010 at 11:36 PM         Buffett Hires Manager for Big Part of Portfolio October 25, 2010 at 11:34 PM         AIG Chief Executive Benmosche Has Cancer, Works Normal Schedule October 25, 2010 at 11:28 PM         [video] AIG Benmosche Undergoes Chemotherapy October 25, 2010 at 11:28 PM         Castle Point Capital winding down as Combs leaves October 25, 2010 at 11:24 PM         AIG Discloses Health Condition of CEO Bob Benmosche October 25, 2010 at 11:23 PM   [Business Wire] - American International Group, Inc. today announced that its President and Chief Executive Officer, Robert H. Benmosche, has been diagnosed with cancer and is undergoing aggressive chemotherapy.         Infinity Property and Casualty Corporation to Announce Third Quarter 2010 Results October 25, 2010 at 10:57 PM   [PR Newswire] - Infinity Property and Casualty Corporation expects to release its third quarter 2010 results on Thursday, November 4, 2010 before the market opens.  The earnings release will be available shortly thereafter on Infinity's website at http://www.infinityauto.com.         Buffett names new investment manager October 25, 2010 at 10:51 PM   [at CNNMoney.com] - Todd Combs will manage "a significant portion" of Berkshire Hathaway's investments.         W. R. Berkley Corporation Reports Third Quarter Results October 25, 2010 at 10:46 PM   [Business Wire] - W. R. Berkley Corporation today reported net income for the third quarter of 2010 of $94 million, or 61 cents per share, compared with $98 million, or 59 cents per share, for the third quarter of 2009.         The National Security Group, Inc. Declares Cash Dividend October 25, 2010 at 10:30 PM   [Business Wire] - On October 22, 2010, the Board of Directors of The National Security Group, Inc. , declared a quarterly dividend of $.15 per share. This represents an annual indicated dividend rate of $.60 per share.         First Mercury Financial Corporation to Release Third Quarter 2010 Financial Results on November 2, 2010 October 25, 2010 at 10:27 PM   [PR Newswire] - First Mercury Financial Corporation today announced that it will issue a press release with its third quarter 2010 financial results on Tuesday, November 2, 2010, after the market closes.         Berkshire names new investment manager October 25, 2010 at 10:18 PM   [at MarketWatch] - Combs, a 39 year-old manager from Castle Point Capital, to join insurance-focused conglomerate after a three-year search by Chairman Warren Buffett and Vice Chairman Charlie Munger.         Buffett Names Castle Point's Combs to Investment Post October 25, 2010 at 10:16 PM         Arch Capital Group Ltd. Reports 2010 Third Quarter Results October 25, 2010 at 10:13 PM   [Business Wire] - Arch Capital Group Ltd. reports that net income available to common shareholders for the 2010 third quarter was $141.6 million, or $2.77 per share, compared to $274.4 million, or $4.39 per share, for the 2009 third quarter.         RLI Corp. Downgraded to Neutral October 25, 2010 at 10:10 PM         Berkshire says Combs joining as investment manager October 25, 2010 at 10:09 PM         PartnerRe Ltd. Increases Quarterly Common Share Dividend by 10% to $0.55 from $0.50 per Share October 25, 2010 at 10:05 PM   [Business Wire] - Regulatory News:         Berkshire Hathaway Says Todd Combs to Join as Investment Manager October 25, 2010 at 10:01 PM         Berkshire Hathaway Inc. News Release October 25, 2010 at 10:00 PM   [Business Wire] - — Berkshire Hathaway is pleased to announce that Todd Combs will soon be joining Berkshire as an investment manager.         AIA Individual Investors Have 60% Chance of Stock, Standard Says October 25, 2010 at 9:50 PM         Buffett Hasn't Received Goldman Notice About Stake, Fox Says October 25, 2010 at 9:18 PM         XL Insurance and Falvey Yacht Insurance Announce New Underwriting Agreement to Provide Global Physical Damage Coverage October 25, 2010 at 8:30 PM   [PR Newswire] - XL Insurance, the global insurance operations of XL Group plc , and Falvey Yacht Insurance, a yacht insurance specialist headquartered in North Kingston, Rhode Island, today announced a new joint underwriting agreement to provide a comprehensive, global insurance program offering marine coverage for yachts and yacht charter companies.         SigTARP: Treasury used funny math on AIG bailout October 25, 2010 at 8:14 PM   [at CNNMoney.com] - The special investigator for TARP says Treasury uses an overly rosy calculation in its estimate of limited losses on the insurer, as well as in the number of homeowners it helped.         Travelers An Industry Standout October 25, 2010 at 8:10 PM         A.I.A.'s I.P.O. Is Good for Everyone Involved October 25, 2010 at 8:00 PM         Cincinnati Financial's Dividends May Not Last Forever October 25, 2010 at 7:25 PM         Alterra Capital Executives Recognized by Peers October 25, 2010 at 7:00 PM   [Business Wire] - Alterra Capital Holdings Limited today announced that Stephen J. Vaccaro, Jr., Chief Executive Officer of Alterra Specialty, has been presented with the Service to Industry Award by The Professional Insurance Wholesalers Association of New York State .         Goldman upgrades U.S. life insurance sector October 25, 2010 at 5:43 PM         Hurricane Richard Downgraded October 25, 2010 at 5:42 PM             This email was sent to bruno.jovanov.insurance@blogger.com. Delivered by Feed My Inbox 230 Franklin Road Suite 814 Franklin, TN 37064 Create Account Unsubscribe Here