Insurance News
Brief insurance news and digest for the busy executives. A handy insurance news archive with main focus on Malaysia. Disclaimer: While all attempts are made to ensure the accuracy of the news herein, we will not be liable for any loss arising from the use of any information contained in this blog. You may reproduce materials published here provided the source (news.actuaries.com.my) is properly acknowledged.
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Thursday, 9 October 2008
AIG Getting Another US$37.8 bil
AIG has requested another $37.8 bil loan from the Federal Reserve, in addition to the $85 bil loan facility from the central bank."The existing $85 billion New York Fed loan facility has been used, in part, to settle transactions with counterparties returning these third-party securities to AIG. This new program will allow AIG to replenish liquidity used in settling those transactions, while providing enhanced credit protection to the New York Fed and U.S. taxpayers in the form of a security interest in these securities", according to Federal Reserve.
Source: Insurance Daily, Federal Reserve
Labels: AIA/AIG
About Me
- Name: Teh Loo Hai
- Location: Kuala Lumpur, Malaysia
Loo Hai is an actuarial recruiter cum actuarial consultant. He has over 20 years of work experience gained in Malaysia and Australia in the actuarial, insurance, takaful and pension fields.
Previous Posts
- Asia's Insurance Industry is Strong
- Boards Can't Confirm on Privatisation
- ACR Targets Malaysia, Indonesia and Brunei
- Manulife's CEO Resigns
- What Went Wrong with AIG?
- Impact on Malaysia Insurance Industry
- MAA may be Taken Private
- AIA's Next Generation Strategy
- TM Asia's Plan for Branches
- Fortis Insurance is still 100% Owned by Group
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