CEO / Chief Executive
BofA Settles with FGIC, Mellon Over Mortgage Securities for $950M
Bank of America Corp., the second- largest U.S. lender, said it reached a $950 million settlement tied to residential mortgage securities backed by Financial Guaranty Insurance Co. The accord ...
Allied World Opens Branch Office in Canada
Allied World Assurance Co. Holdings announced Tuesday that it has opened a branch office in Toronto, Ontario to further expand its North American insurance operations. "Opening an office in Canada ...Travelers CEO Fishman Eyes Potential Foreign Acquisitions
Travelers Cos., which acquired Dominion of Canada General Insurance in 2013 and increased its ownership stake in its joint venture in Brazil in 2012, is likely to continue expanding internationally. ...
Will Validus Remain on Sidelines as Bermuda Consolidates?
With consolidation talk heating up in Bermuda this week, followers of the island market and its acquisition activity over the past decade wonder about the plans of Bermuda's most active acquirer in ...
Round 3: Endurance Says Aspen Offers Shareholders ‘Red Herrings’ Instead of Value With Bid Response
In the third volley of a contest between two Bermuda specialty companies on Monday, Endurance said that Aspen's rejection of a bid to buy the company for $3.2 billion ignores the best interests of ...
Aspen Board Unanimously Rejects Endurance’s $3.2B Hostile Bid
Aspen Insurance Holdings announced Monday that its board of directors has unanimously rejected a $3.2 billion takeover bid from Endurance Specialty Holdings announced hours earlier, calling the ...
Endurance Specialty Offers $3.2B to Acquire Aspen; Deal Would Create $5B Company
Endurance Specialty Holdings Ltd. announced Monday that it has delivered a proposal to the board of directors of Aspen Insurance Holdings Ltd. to acquire all of the common shares of Aspen for $3.2 ...
Aon CEO Case Defends Berkshire Deal; Sidecar Innovation ‘Good for London’
Aon Plc, the broker that was criticized by Lloyd's of London for a deal with Warren Buffett's Berkshire Hathaway Inc., said the relationship actually helps make the U.K. insurance market more ...