International

The US Government has restructured its bailout of AIG, increasing its financial rescue package to $US150 billion ($228 billion)...

AIG reported a $US24.47 billion ($38.27 billion) net loss for the third quarter, compared to a profit of $US3.09 billion ($4.8 billion) for the third quarter of last year...

Zurich Financial Services has reported a 90% drop in profit for the third quarter due to the financial crisis and an expensive US hurricane season...

Allianz may have finally sold Dresdner Bank, but losses from the bank have forced the German insurer to abandon forecast earnings for its life insurance and asset management businesses...

A $US697 million ($1.08 billion) liability from Hurricanes Ike and Gustav has blown a hole in third-quarter earnings at Liberty Mutual Group, with the insurer haemorrhaging 98.5% of net income...

The British Government has set up a new industry group to focus on the long-term needs of the insurance and investment industry...

A Financial Services Authority review of British insurance comparison websites has found most sites are improving but some still have a way to go...

Dutch group ING reported its first quarterly loss last week, as it wrote down the value of investments impacted by the market crisis...

A Canadian law firm is mounting a class action against AIG, claiming it has caused “massive losses to Canadian investors”...

The insurance businesses of billionaire investors Warren Buffett and Wilbur Ross are close to buying all or part of Financial Security Assurance, the US bond insurance unit of Dexia bank...