Investment Officers
White Mountains Offers $308 Million for Entire IDB Stake in Clal
White Mountains Insurance Group Ltd. offered to pay 1.1 billion shekels ($308 million) for IDB Development Corp.'s 55 percent interest in Clal Insurance Enterprises Holdings Ltd. The offer will ...
Assured Guaranty, JPMorgan Agree to End Mortgage Litigation
Assured Guaranty Ltd. and JPMorgan Chase & Co. agreed to settle lawsuits filed by the bond insurer accusing the bank's EMC Mortgage and Bear Stearns units of making misrepresentations about ...
Goldman Assessing Fallout From Options Trading Glitch
Goldman Sachs Group Inc. is assessing the financial damage caused by a trading glitch that led to a flood of erroneous options trades, as U.S. regulators began looking into what caused the problem. ...
New China Trust Pulls Bid for AIG’s Plane Leasing Firm Over Regulator: Report
New China Trust, which led a Chinese investor group in a $4.2 billion bid for American International Group Inc.'s aircraft-leasing unit, pulled out of the deal on concern its ties with a Chinese ...
Detroit Bankruptcy Boosting Appeal of Insurance for Municipalities
Detroit's record bankruptcy may cost bond insurers more than $1 billion in claims. Yet the filing is also boosting the appeal of guaranteed municipal debt as the companies pledge to cover Motor City ...
Allianz Mulls Carbon Credit Expansion After Indonesia Investment
Allianz SE, Europe's largest insurer, is considering expanding its business of buying carbon emission credits after getting enough of the certificates from a project in Indonesia to help offset its ...
Cat Bonds Rally With Hurricane Season Advancing
Gains on catastrophe bonds are poised to exceed returns on speculative-grade company debt by the most since 2008 as the Atlantic hurricane season heads into its fourth month. Notes designed to ...
Family-Run Companies Deliver Better Returns
Investors seeking less volatile returns from their stock portfolios are turning their attention to family-owned firms that play for pride as well as profit. In the wake of the 2007-09 financial ...