Investment Officers
Insurers, Banks See Red Flag in British Property Panic
The run on British property funds has drawn attention to the vulnerability of the commercial real estate sector, largely funded by domestic banks and building societies but increasingly by foreign ...
Insurers Seek Influence on Next Round of Transatlantic Trade Negotiations
Insurers are doing what they can to shape the next negotiating round for the Transatlantic Trade and Investment Partnership, which is set to begin the week of July 11. The TTIP is designed to boost ...
AXIS Capital’s Fledgling Harrington Re Raises $600M
Harrington Re., a fledgling Bermuda operation sponsored by AXIS Capital Holdings Ltd., has raised $600 million in capital designed to beef up underwriting and investment plans put forth by its ...
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 ...