Industry News
Former Willis CEO Plumeri Joins Buyout Firm KKR as Senior Advisor
KKR & Co., the buyout firm run by Henry Kravis and George Roberts, hired former insurance executive Joseph Plumeri as a senior adviser to help find new deals and to work with portfolio companies. ...
Fairfax Wins Catalina’s Support for Deal to Buy American Safety
Fairfax Financial Holdings Ltd., the Toronto-based insurer led by investor Prem Watsa, won support from Catalina Holdings Bermuda Ltd. to proceed with a deal to buy American Safety Insurance Holdings ...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 ...
Fairfax Financial to Sell American Safety Reinsurance to Catalina
Fairfax Financial Holdings Ltd. agreed to sell a Bermuda-based reinsurance unit that's being acquired as part of a deal with American Safety Insurance Holdings Inc. to Catalina Holdings Bermuda Ltd. ...
U.S. Asks for Reversal of Ruling That Bernanke Must Testify in AIG Suit
The U.S. Justice Department on Friday asked an appeals court to reverse a judge's ruling last month that Federal Reserve Chairman Ben Bernanke must testify in a lawsuit about American International ...
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 ...