Strategy
Bitcoins are Emerging as the Next Cyber Insurance Risk
Consumers around the world are racking up more than 100,000 financial transactions every day without using cash, credit cards or a barter system, How are all those buyers doing it? With Bitcoins, of ...
Buffett Expects Berkshire Hathaway Conglomerate to Continue Without Him
Warren Buffett, the billionaire chairman and chief executive officer of Berkshire Hathaway Inc., said his life's work won't be broken apart by activist investors once he's no longer at the helm. "The ...
AXIS and EXOR Escalate Their Fight For PartnerRe
Plans for AXIS Capital Holdings Ltd. and PartnerRe to merge are getting even more complicated, as they affirm their plans to combine and a rival bidder shows no sign of giving up. Both companies ...
Buffett Scoffs at Notion of Berkshire Hathaway Being ‘Too Big to Fail’
Warren Buffett on Saturday rejected the idea that Berkshire Hathaway Inc, a sprawling conglomerate he has built over 50 years, has grown so big that it is now too big to fail and requires tighter ...
UPDATED: China’s Fosun International to Combine With Ironshore in $1.84B Merger
Fosun International Ltd., the investment arm of China's biggest closely held conglomerate, is planning a $1.84 billion merger with Ironshore Inc. after buying the shares it doesn't already own in the ...
With Merger Complete, XL Catlin Debuts
XL Group Plc.'s approximately $4 billion deal to buy Catlin Group Ltd. closed on May 1. Beginning Monday, May 4, the global insurer and reinsurer debuts a new name: XL Catlin. "After nearly two years ...
XL CEO: Illiquid Securities and Infrastructure Will Boost Portfolio Yields
XL Group Plc Chief Executive Officer Mike McGavick said the insurer is looking to illiquid securities and infrastructure investments to boost portfolio yields squeezed by interest rates that are near ...
AIG Commercial P/C Profit Soars; $3.5B Stock Repurchase Planned
American International Group Inc. said it will repurchase another $3.5 billion in stock after first- quarter profit climbed 53 percent on gains at the unit selling property and casualty insurance to ...