Investment Officers
France’s Axa Sells Majority Stake in Private Equity Unit
Axa SA, France's biggest insurer, sold a majority stake in its private equity unit to its management, led by founder Dominique Senequier. The transaction values Axa Private Equity, which oversees ...
China Testing Free Market with New Shanghai Financial Services Zone
Citigroup Inc. and Bank of China Ltd. said they will participate in Shanghai's free-trade zone as the Chinese government inaugurated the 11-square-mile experiment in more relaxed financial and ...
SEC Chair White Vows Big Fines to Punish Wrongdoers
The head of the U.S. Securities and Exchange Commission warned that her agency will aggressively use its powers to fine wrongdoers and is seeking other creative ways to hold companies and individuals ...
Lloyd’s Profit Dips Due to Investment Slump
The Lloyd's of London insurance market posted a decline in headline first-half profit after falling bond prices hit investment returns, offsetting robust trading by its members. In a trading ...
AIG Sells $1 Billion of 10-Year Bonds as Corporate Yields Drop
American International Group Inc., the insurer that paid back a $182.3 billion bailout package last year, sold $1 billion of 10-year notes as corporate bond yields fell to a six-week low. The New ...
Insurers Shift Bets With Uncertainty Over Fed Tapering: BlackRock
BlackRock Inc., the world's largest asset manager, said uncertainty about when the Federal Reserve will begin to slow its monthly bond purchases undermined insurers' confidence about investing in ...
AIG Said to Plan $1 Billion Sale of 10-Year Unsecured Bonds
American International Group Inc., the insurer that paid back a $182.3 billion bailout package last year, is planning a $1 billion sale of 10-year notes. The New-York based company may issue senior ...
ProAssurance to Acquire Workers’ Comp Specialist Eastern Holdings
Medical professional liability insurer ProAssurance Corp. (NYSE: PRA) said it is acquiring monoline workers' compensation insurer Eastern Insurance Holdings Inc. (NASDAQ: EIHI) in an all-cash ...