Boardroom Agenda
Brexit Risks Making London Lose Ground to New York as Global Financial Center
The U.K.'s exit from the European Union will be a watershed moment for the City of London and weaken its role as one of the world's leading financial centers, Bundesbank Executive Board Member ...
Buffett’s Berkshire Hathaway Boosts Stake in Apple, Buys Teva Shares
Warren Buffett's Berkshire Hathaway Inc on Wednesday disclosed a new stake in generic drugmaker Teva Pharmaceutical Industries Ltd and said it bought more shares of Apple Inc, which surpassed Wells ...
Kemper, After Tough Q4, Will Pay $1.3B for Infinity Property and Casualty
Insurer Kemper Corp will acquire Infinity Property and Casualty Corp for about $1.3 billion in cash and stock to boost its nonstandard auto insurance business, the two companies said on Tuesday. ...
Executives On The Move at Hiscox and Swiss Re
Hiscox named a new chief financial officer for its U.S. business. Swiss Re has a new head of sales in North America for its Corporate Solutions unit. *** International specialist insurer Hiscox ...
Rash of Natural Disasters Made Reinsurers Desirable Acquisition Targets
The $500 billion reinsurance industry is experiencing a flurry of deal talks. One reason: Companies are finally for sale as a rash of natural disasters has depressed valuations and a influx of ...
AIG Reports $6.7B Loss Attributed to Catastrophes and Tax Reform
American International Group Inc posted a $6.7 billion fourth-quarter loss on Thursday as the U.S. insurer booked a big charge related to U.S. tax reform and losses from global catastrophes. ...
XL Group Is Reportedly Drawing Potential Suitors, Including Allianz
Bermuda-based insurer XL Group Ltd. is attracting interest from rivals including Allianz SE of Germany, according to people with knowledge of the matter. Interest from insurers in potentially ...
Swiss Re in Talks Over a Possible Huge Investment From Japan’s SoftBank
SoftBank Group Corp. is in talks to buy as much as a third of reinsurance giant Swiss Re AG, according to people familiar with the discussions. Swiss Re confirmed the talks and said they are at a ...