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Update: NAIC Hires Pimco to Model Residential Mortgage-Backed Securities
(Corrects the year in the third paragraph. U.S. insurers owned about 18,000 residential mortgage-backed securities at year-end 2008.) The Nat
Date: 11/20/2009     Source: Bestwire

NAIC Hires Pimco to Model Residential Mortgage-Backed Securities
The National Association of Insurance Commissioners has hired Pimco, a unit of Allianz SE, as a third-party financial modeler to help state regulators
Date: 11/19/2009     Source: Bestwire

Singapore's Regulator: Asia's Growth Potential Barely Tapped
Rapid economic growth and good long-term fundamentals in Asian markets are fueling reinsurance revenue and positioning the region as a key element in
Date: 11/17/2009     Source: Bestwire

NAIC Advances Plan to Rate Mortgage-Backed Securities
The National Association of Insurance Commissioners is developing a plan for a new mechanism to produce ratings designations for approximately 18,000
Date: 11/09/2009     Source: Bestwire

Life Insurer Phoenix Forms Distribution Company as It Posts Fifth Straight Net Loss
As Phoenix Cos. posted its fifth straight net loss in the third quarter, the U.S. life insurer said it formed a distribution company, which inked a de
Date: 11/04/2009     Source: Bestwire

Lawsuit Claims AIG Acted as an 'Unregulated Hedge Fund'
American International Group Inc. said it would "vigorously" defend itself against a California lawsuit that accuses the multiline insurer of acting a
Date: 11/02/2009     Source: Bestwire

MetLife Posts Third-Straight Net Loss, Is Hurt by Derivatives
MetLife Inc. posted its third straight quarterly net loss, hurt by millions in losses on derivatives, but operating income for the largest U.S. life i
Date: 10/30/2009     Source: Bestwire

U.S. Life Insurer Lincoln National Posts Third-Quarter Profit After Three Straight Net Losses
After three consecutive quarterly net losses, U.S. life insurer Lincoln National Corp. posted a profit, helped by the sale of its operations in the Un
Date: 10/29/2009     Source: Bestwire

New York Life Chief: Industry Should Use Judgment Over Financial Models
A lesson the life industry likely has learned following the financial crisis is that it's better to use personal judgment than rely too much on sophis
Date: 10/27/2009     Source: Bestwire

MassMutual, Hedge Fund Unit Face Suit Over Madoff-Linked Losses
Massachusetts Mutual Life Insurance Co., its hedge-fund unit and affiliates are facing another lawsuit related to the fraud of Bernard L. Madoff, the
Date: 10/21/2009     Source: Bestwire