1/12 Yahoo! Finance: Property & Casualty Insurance Industry News

Yahoo! Finance: Property & Casualty Insurance Industry News         AIG agrees $2.2 billion sale of Taiwan unit after long delay January 12, 2011 at 8:59 AM   [Reuters] - American International Group Inc accepted a $2.16 billion cash offer for its Taiwan Nan Shan Life unit from a group led by local conglomerate Ruentex, marking the beginning of the end of a drawn-out process fraught with political wrangling.         AIG to Sell Taiwan's Nan Shan Life Unit to Ruentex Group for $2.16 Billion January 12, 2011 at 8:57 AM         AIG agrees $2.2bn Taiwan disposal January 12, 2011 at 8:50 AM   [at Financial Times] - AIG has agreed to sell its Taiwan life assurance unit to a consortium led by local industrial groups Ruentex and Pou Chen for $2.16bn, its second attempt to divest Nan Shan as part of efforts to repay US government bail-out funds received during the financial crisis.         A.I.G. to Sell Nan Shan to Taiwan Group January 12, 2011 at 8:19 AM         AIG sells Taiwan unit for $2.16 billion January 12, 2011 at 8:14 AM         AIG sells stake in Taiwan insurance unit January 12, 2011 at 7:40 AM   [AP] - American International Group Inc. has agreed to sell its 97.6 percent stake in Taiwan's third-biggest insurer to Ruentex Group for $2.16 billion, five months after regulators nixed AIG's first attempt to sell the business.         AIG Enters into Agreement to Sell Nan Shan to Taiwan-Based Consortium Led by the Ruentex Group January 12, 2011 at 7:00 AM   [Business Wire] - American International Group, Inc. today announced an agreement to sell its 97.57% interest in Nan Shan Life Insurance Company, Ltd. to Ruen Chen Investment Holding Co., Ltd. , a company owned 80% by the Ruentex Group, the Taiwan-based conglomerate, and 20% by Pou Chen Corporation, the Taiwan Stock Exchange-listed footwear manufacturer, for $2.16 billion in cash.         AIG to Sell Nan Shan Unit to Ruentex Group for $2.16 Billion January 12, 2011 at 6:52 AM         AIG to sell Taiwan unit for $2.15 billion: WSJ January 12, 2011 at 5:47 AM         AIG set to announce sale of Taiwan unit: reports January 12, 2011 at 4:43 AM   [Reuters] - American International Group Inc could announce as early as Wednesday the sale of its Taiwan Nan Shan Life unit to conglomerate Ruentex Group for up to $2.5 billion, according to Taiwan newspapers.         Ruentex, Pou Chen Gain in Taipei Trading After AIG Report January 12, 2011 at 2:21 AM         The coffee king of modern India January 11, 2011 at 11:26 PM   [at Financial Times] - V.G. Siddhartha is a reluctant interviewee. Initially rebuffing a request from the Financial Times, he politely e-mailed: "I don't think I have got any great story at this time."         [$$] Where Buyers Still Reign January 11, 2011 at 10:49 PM         AIG Expects Release of Reserves Will Contribute Less to Earnings This Year January 11, 2011 at 10:33 PM         AIG Expects Reserves to Contribute Less to Earnings This Year January 11, 2011 at 10:33 PM         Allied World Schedules Fourth Quarter 2010 Earnings Announcement and Conference Call January 11, 2011 at 10:30 PM   [PR Newswire] - Allied World Assurance Company Holdings, AG today announced that it will release its financial results for the fourth quarter and for the year ended December 31, 2010, after the close of market on Thursday, February 17, 2011.         CNA Announces Mark Verheyen as Chief Risk Officer January 11, 2011 at 10:30 PM   [Business Wire] - Today, CNA Financial Corporation announced the appointment of Mark Verheyen to senior vice president and chief risk officer. In this role, Verheyen will lead company-wide risk management efforts, including determining risk tolerances as well as measuring and monitoring risk throughout CNA.         Berkshire Hathaway Finance Says It Issues Notes January 11, 2011 at 9:42 PM         Fed profit hits $81 billion January 11, 2011 at 9:10 PM         A.M. Best Assigns Ratings to State Auto National Insurance Company Following Acquisition by Hallmark Insurance Company January 11, 2011 at 8:30 PM   [Business Wire] - A.M. Best Co. has assigned a financial strength rating of A- and issuer credit rating of "a-" to State Auto National Insurance Company , following its December 31, 2010 acquisition by Hallmark Insurance Company from State Auto Financial Corporation.         Inland Homeowners in Path of Higher Hurricane-Insurance Costs January 11, 2011 at 7:59 PM         Berkshire vice chair gives $3M of stock to library January 11, 2011 at 6:09 PM   [AP] - Berkshire Hathaway Inc.'s Vice Chairman Charlie Munger gave stock worth nearly $3 million to the nonprofit Huntington Library in southern California.         5-Star Stocks Poised to Pop: Universal Insurance January 11, 2011 at 5:52 PM         Is Travelers' Stock a Bargain by the Numbers? January 11, 2011 at 5:42 PM         Cincinnati's tallest building opens today January 11, 2011 at 5:05 PM         Allied World Announces New Risk Management Services Privacy 403v2 January 11, 2011 at 4:30 PM   [PR Newswire] - Allied World Assurance Company Holdings, AG announced new strategic risk management relationships with the law firm of Hogan Lovells US LLP and eRisk Hub® available for Privacy 403v2 policyholders.         PartnerRe Ltd. Publishes Redefined Financial Reporting Segments January 11, 2011 at 3:00 PM   [Business Wire] - Regulatory News:         AXIS Capital Announces Revised Conference Call Time for Fourth Quarter and Year End 2010 Financial Results January 11, 2011 at 2:59 PM   [Business Wire] - AXIS Capital Holdings Limited will hold a conference call to discuss financial results for the fourth quarter and year ended December 31, 2010 on Wednesday, February 9, 2011, at 9:00am ET, which is one hour later than its originally-scheduled time.         Helzberg Diamonds Renews and Expands Relationship With Epsilon for Multichannel Marketing Support January 11, 2011 at 1:30 PM   [PR Newswire] - Alliance Data Systems Corporation , a leading provider of loyalty and marketing solutions derived from transaction-rich data, today announced that its Epsilon subsidiary has signed a multi-year renewal and expansion agreement with Kansas City, MO.-based Helzberg Diamonds, a trusted diamond jeweler since 1915.         Blackstone's Peterson Warns About U.S. Debt After Winning Award January 11, 2011 at 8:31 AM         Fed's Net Soars on Crisis-Era Holdings January 11, 2011 at 3:53 AM             This email was sent to bruno.jovanov.insurance@blogger.com. 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