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Article: AIG wins Golden Eagle. (American International Group Inc.; Golden Eagle Insurance Co.)
- Article from:
- Business Insurance
- Article date:
- April 14, 1997
- Author:
CopyrightCOPYRIGHT 1997 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SACRAMENTO, Calif. - American International Group Inc. has won the bidding war for Golden Eagle Insurance Co., marking the second time AIG has picked up a financially troubled California insurer in recent years.
AIG beat out bids from rival Liberty Mutual Insurance Co., which has been serving as interim reinsurer of Golden Eagle while in rehabilitation, and nearly a dozen other insurers and reinsurers that expressed interest in the troubled company after California regulators put it on the auction block in February (BI, March 3, Feb. 10).
According to AIG's winning bid and rehabilitation plan, Golden Eagle's existing business, including related assets and ...
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Article: State regulators wrong, says Golden Eagle ...
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... ... of insurance. The San Diego-based Golden Eagle is the third largest ... the Kilbourne Co. in San Diego, said that Golden Eagle had a $531 million ... this month. CONTACT: Golden Eagle Insurance, San Diego Jim Johnston, 619 ...
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