Investment Officers
AXA Hires Barclays’ Porter to Oversee $515 Billion of Bonds
Axa Investment Managers, a division of France's largest insurer, hired John Porter from Barclays Plc to oversee 380 billion euros ($515 billion) in bonds. Porter, as global head of Axa's fixed-income ...Markel Authorizes Repurchase of $300 Million of Insurer’s Stock
Markel Corp., the insurer that bought Alterra Capital Holdings Ltd., authorized the repurchase of up to $300 million of its shares. The insurer replaced a 2010 buyback program under which about $101 ...
Hartford’s McGee Shares Lessons from Clash with Activist Investor Paulson
Liam McGee, who led a rebound at Hartford Financial Services Group Inc. after shunning John Paulson's call to split the insurer, said executives shouldn't be defensive when handling activist ...
German Finance Minister Vows to Help Insurers Burdened by Low Interest Rates
German Finance Minister Wolfgang Schaeuble issued an unusual warning to the European Central Bank on Thursday, saying rate decisions must not offer "false stimulus" and that monetary policy alone ...
Obama Administration Opposes Privatizing Fannie Mae, Freddie Mac
President Barack Obama would reject proposals by hedge funds to recapitalize Fannie Mae and Freddie Mac, National Economic Council Director Gene Sperling said. "I want to make clear, the Obama ...
Treasury Nominee Raskin Says Bank Rules Do Not Fit Insurers
President Barack Obama's nominee to serve as deputy U.S. Treasury Secretary told lawmakers on Wednesday she believes that large systemically important insurance companies should not face the same ...
State Farm Sold 23 Buildings in Leaseback Deal with Lone Star
Lone Star Funds, the private-equity firm led by Chairman John Grayken, bought 23 buildings from State Farm Mutual Automobile Insurance Co. and will lease them back to the largest U.S. ...
Fed Nominee Yellen Promises to ‘Carefully Consider’ SIFI Rules for Insurers
Federal Reserve Vice Chairman Janet Yellen said the central bank will "carefully consider" how to apply new regulatory standards to insurance companies that fall under the central bank's supervision. ...