Financial Products boss may face a New York Jury
The former head of AIG’s Financial Products unit, Joseph Cassano, and other executives may be prosecuted for securities fraud, Reuters reports.
A grand jury may be sworn in this month in New York to consider charges that executives failed to disclose the value of toxic assets to the bailed-out insurance company's outside accountants and shareholders.
"The investigation is really who knew what and when about these assets," said Reuter’s source. "They were holding toxic credit default swaps and may not have disclosed their real worth."
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.
