Strategy
Liberty Mutual Punts $3.3B in Liabilities to Berkshire Hathaway Arm
Liberty Mutual Insurance is ceding $3.3 billion in asbestos, environmental and workers compensation liabilities to Berkshire Hathaway subsidiary National Indemnity Company in one of the larger ...
M&A Adviser MarshBerry Nabs Re Broker, Investment Banker Gill & Roeser
MarshBerry has acquired the assets of Gill & Roeser, Inc., a New York City based boutique investment banking and reinsurance intermediary firm. Gill & Roeser is an independently-owned capital ...
AIG, Bank of America Settle Dust-Up Over Mortgage-Backed Securities
American International Group said it will get at least $650 million from Bank of America as part of a legal settlement involving toxic residential mortgage-backed securities. With the settlement, yet ...
NAIC Explores Revamp of How it Conducts Business
The national organization for state insurance regulators, which has been telling federal and international regulators how they should govern the industry, has decided to engage a consultant to audit ...
Deadline Approaches for Aspen Shareholders on Endurance Proposals
With the target date for a vote on two governance proposals from Endurance Specialty Holdings approaching later this month, the ball is in the court of the shareholders of Aspen Insurance Holdings. ...
Andrew Carrier Jumps from Argo to Everest Re
Bermuda holding company Everest Re Group Ltd. is bringing on Andrew Carrier as the new president of Everest Advisors, U.K. and general manager of European Operations. Carrier was most recently chief ...
Summer Reading: A Recommendation from Bill Gates and Warren Buffett
What should business executives be reading this summer? If the opinions of billionaires Bill Gates and Warren Buffett carry any weight, then the book to grab is "Business Adventures" by John Brooks. ...
Zurich Restructures Contract Surety Teams to Align with Mid-Market, National Customers
On Thursday, Zurich North America announced the creation of two dedicated contract surety teams focused on specific customer segments—one for middle market contract surety and one for large ...