CEO / Chief Executive
Cat Bonds Rally With Hurricane Season Advancing
Gains on catastrophe bonds are poised to exceed returns on speculative-grade company debt by the most since 2008 as the Atlantic hurricane season heads into its fourth month. Notes designed to ...QBE Profit Plunges 37%; CEO Neal Targets Costs
QBE Insurance Group Ltd., Australia's largest insurer by market value, fell the most in nine months in Sydney trading after reporting a 37 percent drop in first-half net income. QBE shares were 8.3 ...
Lloyd’s Insurers Face More Bond Losses on Fed Reserve Tapering
Insurers in the Lloyd's of London market, sideswiped by the Federal Reserve's plan to scale back debt purchases, may face more losses as rising Treasury yields erode the value of their short-term ...
Former Willis CEO Plumeri Joins Buyout Firm KKR as Senior Advisor
KKR & Co., the buyout firm run by Henry Kravis and George Roberts, hired former insurance executive Joseph Plumeri as a senior adviser to help find new deals and to work with portfolio companies. ...
Fairfax Financial to Sell American Safety Reinsurance to Catalina
Fairfax Financial Holdings Ltd. agreed to sell a Bermuda-based reinsurance unit that's being acquired as part of a deal with American Safety Insurance Holdings Inc. to Catalina Holdings Bermuda Ltd. ...
Blackstone in Talks to Buy Stake in Goldman’s U.K. Insurer: Source
Blackstone Group LP, the world's biggest private-equity firm, is in talks to buy a stake in Goldman Sachs Group Inc.'s European insurance business, according to a person with direct knowledge of the ...
Markel Bets on Homebuilding, Acquires Virginia’s Eagle Construction
Markel Corp., the insurer that bought Alterra Capital Holdings Ltd., acquired Eagle Construction of Virginia in a bet on residential development in its home state. Eagle will be the 14th company in ...
Hong Kong’s Li Eyes Ex-AIA Deputy as CEO for New Insurer
Hong Kong businessman Richard Li, the youngest son of Asia's richest man, will appoint a former top executive at AIA Group Ltd as the CEO of his new insurance company, according to people with direct ...