Investment Officers
Activist Investor Carl Icahn Buys More AIG Shares
Activist investor Carl Icahn has raised his stake in American International Group Inc by 5.2 percent, putting him in a better position to pressure the insurer to split into three independent ...
Allianz Asset-Management Profit Plunges 17 Percent Due to PIMCO Struggles
Allianz SE's asset-management unit, struggling to contain outflows at Pacific Investment Management Co. over the past three years, reported a 17 percent decline in first-quarter earnings as outflows ...
Unlike Buffett, S&P Sees ‘Considerable’ Climate Change Impact for Insurers
While the overall impact of climate change on the insurance industry is difficult to quantify, the multilayered effects of regulation, reputation and litigation will be "considerable" over the long ...
AIG Again Dips into ILS Financing for Mortgage Insurance Arm
AIG has nailed down nearly $300 million of indemnity reinsurance coverage for its mortgage insurance business, expanding on its initial use of ILS financing for the division nearly a year ago. The ...
Two Sigma Co-Founder Siegel: Machines Taking Over Human Jobs Worrisome
David Siegel, co-founder of $35 billion quantitative hedge fund Two Sigma, says he's "very worried" that machines could soon cost large swaths of the global workforce their jobs. "Most people in the ...
AIG, Burned by Hedge Fund Losses, Will Redeem $4.1B of Those Holdings
American International Group Inc., the insurer burned by losses on hedge funds, has submitted notices of redemption for $4.1 billion of those holdings through the end of the first quarter. "As of ...
Straight Talk From Buffett on ‘Bearded’ Reinsurers
An oversupply of capital is one factor making reinsurance less attractive for Warren Buffett these days, the chairman of Berkshire Hathaway said Saturday—making a specific reference to suppliers ...
AXIS Net Income Plunges, but Reinsurance Results Improve
Net income plunged due to the declining value of its alternative investments, but AXIS Capital Holdings touted solid gains in its reinsurance and insurance segments alike during the 2016 first ...