A Northbrook, Ill.-based insurer sued Goldman Sachs and its affiliates for allegedly selling the insurer more than $123 million in securities backed by poor-quality mortgages between 2006 and 2007.

Chad J. Berhance joined NewOak Capital as managing director and head of New Oak Solutions, a portfolio risk analytics, credit and advisory service provider to institutional investors globally.

Having survived a scandal of its own, American International Group may be dropping one of its long-term partners under intense scrutiny by federal authorities.

With the cost of containment and cleanup of a massive oil spill in the Gulf of Mexico rising into the billions of dollars every day, the financial impact for oil company BP will be limited because of its insurance coverage.

Goldman Sachs, the venerable Wall Street investment banking firm, is getting heat from at least one of its clients over its current compensation practices.

In response to reported compensation and bonuses …  Read →

Primerica Life Insurance Co. and two of its subsidiaries had their ratings placed under review by A.M. Best with negative implications.

Citigroup Inc. hopes to raise $100 million through an initial public offering of its life insurance and investment vehicle, Primerica, Inc.

The nation’s bank holding companies’ total insurance revenue remained steady for the first half of the year compared to the same period last year.

A Scott Township, Pa., man was charged with insurance fraud and other charges after allegedly etting fire to his house the day before it was to be auctioned at a …  Read →

Two securities firms – Citigroup Global Markets and Banc of America Securities¬ will pay nearly $1.3 million to Virginia regulators to settle allegations that they misled investors about the safety …  Read →