Deal puts US taxpayers at risk, challenges senior Republican
Senate Finance Committee Republican Charles Grassley wants Treasury Secretary Timothy Geithner and the Federal Reserve Bank of New York (FRBNY) to say how taxpayers get a better deal from AIG equity instead of debt, Bloomberg and Dow Jones report.
"Exchanging debt for equity still leaves taxpayer dollars at substantial risk," Grassley's letter says.
"There seems to be no reason for this giveaway of taxpayer funds other than to manipulate the rating agencies into giving AIG an artificially higher rating than it deserved," Grassley wrote.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
