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Article: For the Record.
- Article from:
- Business Insurance
- Article date:
- July 31, 2000
CopyrightCOPYRIGHT 2000 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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AIG POSTS GAINS American International Group Inc. reported gross revenues of $22.32 billion for the first half of 2000, an 11.5% increase over the comparable period in 1999. Profits rose 11.2% to $2.48 billion. AIG's worldwide property/casualty net written premiums increased 5.9% to $8.73 billion. Overall, AIG's results have benefited from a hardening insurance market, Chairman and Chief Executive Officer Maurice R. Greenberg, said in a statement. "While the trend is in the right direction, it is important to remember that rates declined significantly over the past eight or nine years, and, therefore, further increases are necessary," Mr. Greenberg said. The sharpest rate ...
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Article: Tempest Re USA Expands Executive Team.
A.M. Best Newswire;
July 25, 2000 ;
543 words
...STAMFORD, Conn., Jul 24, 2000, Tempest Re USA, a unit of Ace INA Holdings Inc. that underwrites on behalf ... list of reinsurance professionals recently hired at Tempest Re USA: -- Bruce L. Kessler, senior vice president, casualty ...
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