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Allianz to Revamp Asian Property, Casualty Business

Allianz will reorganize their Hong Kong and Singapore based companies to come under the management structure of Allianz Global Corporate and Specialty (AGCS) as of August 1st, 2010, which allows them to share resources and expertise in order to increase profitability in the Hong Kong and Singaporean markets. Both Allianz…

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Legal Conundrum: AIG Insurance Covers Goldman Sachs Executives

Directors and Officers of embattled Goldman Sachs Group Inc. (GSG) have liability cover provided by American International Group Inc. (AIG). AIG in turn is considering to sue GSG for the roughly US$2 billion (EUR 1.47 billion) in losses incurred whilst holding guarantees to Collateralised Debt Obligations (CDO) issued by GSG.

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