Investment Officers
ACP Re Pulls Out of A.M. Best Ratings Process After Downgrade
ACP Re's late filing of financial statements earlier in 2016 has left the Bermuda reinsurance and its multiple property/casualty subsidiaries in rough straits with A.M. Best. The ratings agency ...
Buffett’s Berkshire Hathaway Seeks Greater Wells Fargo Stake
Warren Buffett's Berkshire Hathaway Inc. applied to the Federal Reserve for approval to expand its stake in Wells Fargo & Co. after reaching the 10 percent threshold that requires regulatory ...
China’s Fosun Pledges Ironshore Will Hit IPO ASAP This Year
Fosun Group, China's biggest private conglomerate, will list U.S. property/casualty insurer Ironshore Inc "as soon as possible" this year, Guo Guangchang, the company's billionaire co-founder and ...
Brexit Vote Fallout Will Not Be Solved Quickly
To leave, or not to leave: That is the question. Still. After Britain's historic vote to leave the European Union, there is no indication that a so-called Brexit will happen soon. It maybe never ...
Ironshore Freed From A.M. Best’s ‘Under Review’ Status
A.M. Best has changed its mind about Ironshore, removing the Bermuda-based specialty insurer from its status as "under review with negative implications." A year after initially taking action, the ...
Post-Brexit, UK Insurance Industry Attempts to Calm Nerves
The U.K. joined the European Union in January 1973, and yesterday, the U.K. public voted to leave. After 43 years of marriage, the divorce proceedings will soon begin. No one knows how long it will ...
Swiss Re Cuts Risky Government Bonds, Hikes Corporates
The European Central Bank has turned government bonds into one of the riskiest asset classes, prompting Swiss Re AG to move more of its investments into corporate debt, according to the reinsurer's ...
American Family Wants to Go Mutual Holding Company Route
American Family Insurance plans to become a mutual holding company. The change would, in part, strengthen its ability to make acquisitions or pursue M&A transactions with other mutual insurance ...