TITLE

New Zealand: AMI seeks fresh capital to avoid bailout

PUB. DATE
June 2011
SOURCE
Asia Insurance Review;Jun2011, p48
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that MI Insurance is looking for fresh capital to satisfy the government's wish to avoid having to bail it out. The insurer, with about 450,000 policy holders across the country aims to cover all its claims with the fresh capital and has called in Goldman Sachs & Co. for advice. AMI said that the company was free to use its own capital of 350 million dollars to meet claims.
ACCESSION #
67503468

 

Related Articles

  • Top ten most read stories this week. O'Donovan, Debi // Fundweb;8/16/2013, p8 

    The article focuses on the most popular and read stories of the periodicals. It discusses top ten most visited articles on the website of the periodical between August 9-15, 2013 including recommendations published on benefits tax rules, Barclays Cycle Hire staff strike over pay, and Goldman...

  • Goldman Recuses Itself. Kaske, Michelle // Bond Buyer;12/20/2010, Vol. 374 Issue 33435, p9 

    The article reports on the decision of Goldman, Sachs & Co. to limit its underwriting presence in Massachusetts after Neil Morrison, one of its public finance bankers, helped Timothy Cahill, the state's Treasures, in his unsuccessful bid for governor.

  • Rothesay Life Acquires MetLife's UK Bulk Annuity Arm. Pfeuti, Elizabeth // AiCIO News;2014, p1 

    The article reports that Goldman Sachs' pension fund insurer Rothesay Life acquired its competitor MetLife Assurance, MetLife's bulk annuity business in Great Britain. It mentions that the acquisition will turn Rothesay as the largest defined benefit de-risking solutions provider in Great...

  • Rothesay Life Secures £484M Buy-in With Philips Pension Fund. Thomas, Charlie // AiCIO News;2013, p1 

    The Goldman Sachs-owned insurer is ramping up the pension risk transfer deals ahead of its sale next year.

  • Graphic: The Changing Face of Corporate Bond Ownership. Orr, Leanna // AiCIO News;2014, p1 

    The article discusses the decline of the pension funds and insurance companies in the corporate debt market according to investment banking firm Goldman Sachs. Topics discussed include decline of the ownership of pension funds and insurance companies in the market by 10 percent and 20 percent...

  • Aetna Announces Appearance at Goldman Sachs 32nd Annual Global HealthCare Conference.  // Biomedical Market Newsletter;6/9/2011, p1046 

    The article reports on the presentation of Aetna Inc. president Mark T. Bertolini at the Goldman Sachs & Co. 32nd Annual Global HealthCare Conference in Palos Verdes Peninsula, California on June 8, 2011. It says that the presentation will be available at the website...

  • President Out as Bond Insurance Startup BondFactor Struggles for Capital. Renick, Oliver // Bond Buyer;12/17/2013, Vol. 122 Issue 34029, p1 

    The article informs that a bond insurance startup BondFactor Co. launched by the multinational investment banking firm Goldman Sachs & Co.'s public finance veterans has pushed its president Bradley Wendt out of it in November 2013, due to an unsuccessful capital fundraising campaign of the...

  • Goldman Sachs warns EU exit would hit financial services. Dale, Samuel // Fundweb;5/21/2013, p16 

    The article reports on a warning from Goldman Sachs & Co. economic analyst Kevin Daly that the exit of Great Britain from the European Union (EU) would have an effect on its ability to sell financial services across the continent. Daly said the exit of Britain would amount to a loss/loss...

  • Gold man loses its lustre.  // Money Management;6/10/2010, Vol. 24 Issue 20, p32 

    The article presents the author's views on Goldman Sachs and Co.'s abuse of the financial system and on the moves of various politicians to reform the financial services industry in the U.S.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics