Investment Officers
Ex-Morgan Stanley Banker/M&A Pro Joins W.R. Berkley in Strategy Role
W.R. Berkley Corp., the Greenwich, Connecticut-based commercial insurer, named former Morgan Stanley investment banker Jared Abbey as senior vice president for corporate strategy and development. ...
Reinsurers Stock Prices Hit as Soft Market Persists: A.M. Best
While global reinsurers are continuing to withstand challenging market conditions, their stock prices, on average, are starting to take a hit as a result of the persistent soft market and its ...
Puerto Rico Insurers Urge Talks to Avoid Major Bond Default
Puerto Rico's bond insurers are urging the commonwealth to negotiate with creditors as speculation increases that the island will default July 1 for the first time on its general-obligation debt. ...
Aviva Investors to Eliminate Hundreds of Funds to Lower Costs
Aviva Investors, the asset manager for the U.K.'s second-biggest insurer by market value, plans to cut the number of funds it runs to as few as 200 within 18 months in order to slash costs. "There's ...
Reinsurance Demand Spike Likely with Solvency II: Fitch Ratings
Solvency II will increase insurers' demand for reinsurance products as they seek to strengthen their capital positions via risk transfer, according to a report published by Fitch Ratings. Reinsurance ...
A British EU Exit Could Kill 34,000 London Jobs, IUA Warns
A British exit from the European Union would cause grave damage to the London market and the loss of thousands of jobs, according to a position paper from the International Underwriting Association ...
Ex-AIG Dealmaker Schreiber Joins Carlyle Group’s Revamped Financial Services Team
Global alternative asset manager The Carlyle Group reported that Brian Schreiber, who left American International Group (AIG) in February after a 20-year career at the global insurer, will become a ...
AIG to Appeal California Ruling Allowing PIMCO Suit to Proceed
American International Group Inc. failed to persuade a judge to throw out a lawsuit by Pacific Investment Management Co. over investments that were wiped out because of the insurer's exposure to ...