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News For: Pacific Insurance AnnuityIDC Deposits Corp. Provides Alternative for Exiting Private Insurance Coverage It was recently announced on Bloomberg that Kansas Bankers Surety Co. will no longer sell insurance SEC chief Cox urges regulation of debt insurance Securities and Exchange Commission chief Christopher Cox urged Congress Tuesday to regulate a type of corporate debt insurance that figured prominently in the country's financial crisis. "I urge you to provide in statute the authority to regulate these products to enhance investor protection and ensure the operation of fair and orderly markets," Cox told the Senate Banking Committee in ... Advertisement starts Reserve deal, did not identify which of AIG���s many operating units might be up for sale. Its aircraft leasing unit, International Lease Finance Corp, and its large U.S. life insurance and annuity arm American General, which it bought in 2001, could be top of the list, analysts said. The A.I.G. Bailout Takes Shape Late Tuesday night, the troubled insurance giant announced that it had signed a definitive agreement with the Federal Reserve Bank of New York, something that had been long awaited by investors and observers alike. European open: Insurers rise, banks drop European shares have advanced Thursday morning, helped by a strong insurance sector, while banks have fallen back again as investors await news of the mega US bailout plan. Nomura Agrees to Acquire Lehman's Operations in Asia-Pacific Sept. 22 -- Nomura Holdings Inc. agreed to buy bankrupt Lehman Brothers Holdings Inc. 's Asia-Pacific unit, seizing on Wall Street's crisis to speed up a push to become a global investment bank. Pacific & Western Bank closes another $43.1 Million of insured residential mortgages Pacific Western Bank of Canada, a wholly owned subsidiary of Pacific Western Credit Corp., closed an additional $43.1 million of insured residential mortgages on Monday. AIG OKs loan from Fed but still faces FBI probe American International Group Inc. may have agreed to take the U.S. government up on a two-year, $85 billion loan to help stave off bankruptcy, but now the nation's largest insurer faces an FBI investigation. |


