1/13 Yahoo! Finance: Property & Casualty Insurance Industry News

Yahoo! Finance: Property & Casualty Insurance Industry News         AIG Share Sale May Place Investor Focus on CEO Succession Plan January 13, 2011 at 6:00 AM         Moody's Lowers AIG Ratings by One Notch; Outlook Stable January 13, 2011 at 3:41 AM         AIG reaches milestones on paying back US January 13, 2011 at 2:49 AM   [at Financial Times] - AIG reached two milestones in its efforts to repay US government bail-out funds, agreeing to sell its Taiwan life unit to a consortium led by local industrial groups for $2.16bn and taking the final step before giving the US Treasury a 92 per cent stake in the insurer.         Ruentex Industries Gains After Agreement to Buy AIG's Unit January 13, 2011 at 2:03 AM         AIG expects to repay government on Friday January 13, 2011 at 1:19 AM         Argo Group Updates Its Loss Estimate for the 2010 Earthquake in New Zealand January 13, 2011 at 1:05 AM   [Business Wire] - Argo Group International Holdings, Ltd. announced today it expects to report in its 2010 fourth quarter financial results approximately $12 million of additional estimated pre-tax loss provisions, net of reinsurance and reinstatement premium, related to new and updated information reported from insureds and cedents on the earthquake that struck New Zealand in September 2010.         AIG to fully repay U.S. government January 13, 2011 at 12:59 AM         AIG Readies for Recapitalization January 13, 2011 at 12:05 AM         AIG Warrants to Be Issued Next Week as It Works to Repay Rescue January 12, 2011 at 11:48 PM         AIG plans to repay government on Friday January 12, 2011 at 11:48 PM         AIG Warrants to Be Issued Next Week as It Works to Repay Government Rescue January 12, 2011 at 11:48 PM         AIG Says Satisfaction of Condition to Issuance of Warrants January 12, 2011 at 11:10 PM         AIG Announces Satisfaction of Condition to Issuance of Warrants via Dividend January 12, 2011 at 11:08 PM   [Business Wire] - American International Group, Inc. announced today that the condition to its previously announced dividend of approximately 75 million warrants has been satisfied. AIG also expects, assuming no material change in the relevant facts, circumstances and conditions, to close its previously announced recapitalization on January 14, 2011, although there can be no assurance in that regard.         AIG Sells Nan Shan 4 Months After Primus Deal Failed: Timeline January 12, 2011 at 7:55 PM         AIG to sell Taiwan insurance unit for $2 billion January 12, 2011 at 7:51 PM   [AP] - American International Group Inc. said Wednesday it had agreed to sell its 97.6 percent stake in Nan Shan Life Insurance Co., Taiwan's third-biggest insurer, to a local business group for $2.2 billion.         AIG Sells Nan Shan Unit For $2B January 12, 2011 at 7:35 PM         Fremont Michigan InsuraCorp, Inc. Issues Statement Regarding Revised Offer from Biglari Holdings Inc. January 12, 2011 at 7:00 PM   [PR Newswire] - Fremont Michigan InsuraCorp, Inc. , a Michigan-exclusive property and casualty insurance carrier, today issued a statement regarding a revised unsolicited offer from Biglari Holdings Inc.  Fremont confirmed that it has received the revised proposal from Biglari Holdings Inc. seeking to acquire the remaining shares of Fremont that it does not already own at a revised offer price of $31.00 per share.  Fremont's Board of Directors previously established a special committee to consider the prior offer and will include this new information as it continues to evaluate the offer.         Greenberg Says AIG Asset Sales Make Company Weaker: Video January 12, 2011 at 6:59 PM         AIG's Nan Shan sale toil persists January 12, 2011 at 6:49 PM   [at Financial Times] - There was a sense of deja vu on Wednesday when Richard Bender, chief executive of AIG's Nan Shan unit, walked into a packed auditorium at the life assurer's Taipei headquarters to announce its new owner.         AIG Asset Sales Weaken Company, Ex-CEO Greenberg Says January 12, 2011 at 6:17 PM         Fairholme, St. Joe end standstill agreement January 12, 2011 at 6:11 PM         Mercury General Corporation to Report Results on February 7, 2011 January 12, 2011 at 6:10 PM   [PR Newswire] - Mercury General Corporation reported that on Monday, February 7, 2011, the Company will release results for its fourth quarter and twelve month period ended December 31, 2010.  The Company will host an investor conference call and webcast that same day at 10:00 A.M.         PacifiCorp warns dam removal could be delayed January 12, 2011 at 5:01 PM   [AP] - In the first test of the landmark agreement to remove dams from the Klamath River, PacifiCorp formally complained Tuesday it was not properly consulted by federal agencies before they cut river flows that affect power production by the dams.         Employers' Stephen Festa Named Secretary and Treasurer of California Insurance Guarantee Association Board January 12, 2011 at 5:00 PM   [PR Newswire] - EMPLOYERS® , America's small business insurance specialist®, today announced that Stephen V. Festa, senior vice president and  chief claims officer, has been named secretary and treasurer on the Board of Governors of the California Insurance Guarantee Association , a state-run body that pays the claims of insolvent property and casualty insurance carriers.           XL Group plc to Announce Fourth Quarter and Full Year 2010 Results on Tuesday, February 8, 2011 January 12, 2011 at 4:25 PM   [PR Newswire] - XL Group plc announced today that it intends to release its Fourth Quarter and Full Year 2010 results after the close of regular stock market trading hours on Tuesday, February 8, 2011.  A conference call to discuss the Company's results will be held at 5 p.m.         Aspen Insurance Holdings Limited Announces Director Will Not Be Standing for Re-Election January 12, 2011 at 3:45 PM   [Business Wire] - Aspen Insurance Holdings Limited today announced that Mr. David Kelso will not stand for re-election to the Board of Directors when his current term expires at the next Annual General Meeting on April 28, 2011.         S&P shifts overseas rules by listing Noble and Ace January 12, 2011 at 3:36 PM         [$$] AIG Plans $2.16 Billion Sale of Taiwan Unit January 12, 2011 at 3:10 PM         AIG / Nan Shan January 12, 2011 at 2:54 PM   [at Financial Times] - In its first year, AIG's attempt to sell its Taiwanese insurance arm was imbued with a sense of urgency. In its second, as regulators held sway, it was tainted with intrigue. In its third, it is verging on farce.         A.I.G. to Sell Taiwan Unit for $2.16 Billion January 12, 2011 at 2:10 PM         AIG sells stake in Taiwan insurance unit January 12, 2011 at 12:34 PM   [AP] - American International Group Inc. has agreed to sell its 97.6 percent stake in Taiwan's third-biggest insurer to the Ruen Chen consortium for $2.16 billion, five months after regulators nixed AIG's first attempt to sell the business.         Futures Remain Higher After Portugal Auction January 12, 2011 at 12:08 PM         AIG to Sell Nan Shan in Taiwan to Ruen Chen for $2.16 Billion January 12, 2011 at 11:30 AM         Taiwan Regulator to Review AIG Unit Sale to Ensure Compliance January 12, 2011 at 11:11 AM         AIG to Sell Nan Shan for $2.16B Cash January 12, 2011 at 10:30 AM         AIG sells stake in Taiwan insurance unit January 12, 2011 at 10:26 AM   [AP] - American International Group Inc. has agreed to sell its 97.6 percent stake in Taiwan's third-biggest insurer to the Ruen Chen consortium for $2.16 billion, five months after regulators nixed AIG's first attempt to sell the business.         Met Museum Given $10 Million From Tisch Foundation for Costume Institute January 12, 2011 at 10:14 AM         Nan Shan IPO in Taiwan Is an Option, AIG's Borodach Says January 12, 2011 at 9:59 AM         Ruentex-Led Group Plans Funding Options for AIG Unit January 12, 2011 at 9:40 AM         Ruentex-Led Group to Fund AIG Taiwan Unit Purchase Through Debt January 12, 2011 at 9:20 AM             This email was sent to bruno.jovanov.insurance@blogger.com. 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