American International Group Inc (AIG.N)
17 Oct 2017
NEW YORK (Thomson Reuters Regulatory Intelligence) - A recent decision by the Financial Stability Oversight Council to rescind the systemically important financial institution designation of insurer AIG(https://www.treasury.gov/press-center/press-releases/Pages/sm0169.aspx) signals more than a change in perception of riskiness of that particular firm, but raises questions about the future of the council created under the 2010 Dodd-Frank Act.
American International Group Inc said on Monday it expected to book pre-tax catastrophe losses of about $3 billion in the third quarter mainly related to hurricanes Harvey, Irma and Maria.
Oct 9 American International Group Inc said on Monday it expected to book pre-tax catastrophe losses of about $3 billion in the third quarter mainly related to hurricanes Harvey, Irma and Maria.
* AIG provides preliminary estimates of third quarter net catastrophe losses
Oct 9 American International Group Inc said on Monday it expected to book pre-tax catastrophe losses of $2.9 billion to $3.1 billion, net of reinsurance, in the third quarter mainly related to recent hurricanes.
Oct 3 American International Group on Tuesday named Charles Fry as head of reinsurance, general insurance, effective immediately.
WASHINGTON American International Group Inc poses less of a threat to financial stability because it shrank its assets by more than $500 billion, Federal Reserve Chair Janet Yellen said on Monday in explaining why she voted in favor of releasing the company from stricter oversight.
* Yellen swung vote; other Obama appointees voted against (Adds context, quotes from other regulators)
* FSOC voted on Friday to remove AIG's 'systemically risky' label
* Tokio Marine Hcc announces agreement to acquire AIG's medical stop-loss operations
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