Leadership & Strategy
Reinsurance Group of America Said to Postpone 40-Year Bond Sale
Reinsurance Group of America Inc. postponed an offering of $300 million of 40-year junior subordinated debt as yields on corporate bonds climb. The reinsurer formerly owned by MetLife Inc. began ...
Blackstone in Talks to Buy Stake in Goldman’s U.K. Insurer: Source
Blackstone Group LP, the world's biggest private-equity firm, is in talks to buy a stake in Goldman Sachs Group Inc.'s European insurance business, according to a person with direct knowledge of the ...
Markel Bets on Homebuilding, Acquires Virginia’s Eagle Construction
Markel Corp., the insurer that bought Alterra Capital Holdings Ltd., acquired Eagle Construction of Virginia in a bet on residential development in its home state. Eagle will be the 14th company in ...
Hong Kong’s Li Eyes Ex-AIA Deputy as CEO for New Insurer
Hong Kong businessman Richard Li, the youngest son of Asia's richest man, will appoint a former top executive at AIA Group Ltd as the CEO of his new insurance company, according to people with direct ...
Penn State Settles First of Sandusky Sex Abuse Lawsuits
Pennsylvania State University agreed to settle the first of 31 suits filed in the sex-abuse scandal involving ex-football coach Jerry Sandusky, with about 25 more set to settle, lawyers in the ...
Loeb’s Third Point Reinsurer Advances After $276 Million IPO
Third Point Reinsurance Ltd., which counts billionaire hedge-fund manager Daniel Loeb as a founding shareholder, advanced in its trading debut after raising $276 million in an initial public ...
Free Work Entices Businesses to Hire Long-Term Unemployed
After conducting almost 10,000 job interviews during 10 years as a human resources manager, Tom Kaminski says he thought he knew enough about the labor market to keep his own bout of unemployment ...
Zurich Insurance Q2 Profit Drops After Natural Disaster Losses
Zurich Insurance Group AG, the biggest Swiss insurer, said the target for its general insurance business was "challenging" after natural catastrophe losses cut second-quarter profit by 27 percent. ...