U.S.
Third Point Re With No U.S. Staff Claims Eligibility for JOBS Act Disclosure Limits
Billionaire hedge-fund manager Daniel Loeb's Third Point Reinsurance Ltd., which has no staff in the U.S., said it can limit financial disclosure after a public offering because of rules promoting ...
Goldman Sachs to Sell Its European Insurance Business
Goldman Sachs Group Inc. said it probably will sell a majority stake in its European insurance business in the next 12 months. The business, known as Rothesay Life Ltd. and run by Addy Loudiadis, had ...
As the insurance market continues to stabilize, the next phase of the market will reward independent agencies that can respond...
60% of Customers Who Leave Independent Agents Eventually Return: Survey
Many customers who are lured away from independent agents by direct insurers promising lower prices will ultimately return to an independent agent. According to a recent study commissioned by The ...
Nuveen Investments Sues AIG, Former Executives Alleging Securities Fraud
Twenty-five Nuveen Investments Inc. funds sued American International Group Inc., claiming the company committed securities fraud in the months leading up to the U.S. financial crisis in 2008. Also ...
Ebix Says Money Laundering Allegations Are False
Ebix Inc. said allegations that it was involved in money laundering were false, after its shares tumbled on a Bloomberg report that federal investigators were reviewing the insurance software maker's ...
Insurance Tech Firm Ebix Is Subject of Money Laundering Allegations
Federal investigators are reviewing Ebix Inc.'s cross-border financial transactions to see whether the Atlanta-based software company engaged in money laundering, according to three people with ...AIG’s Bond Portfolio Dropped $9 Billion Due to Interest Rate Rise
American International Group Inc., the insurer that repaid a U.S. bailout last year, said a surge in interest rates in the second quarter fueled a $9 billion reduction in its bond portfolio as ...
Insurer Loses Lawsuit Over $560 Million in U.S. Taxes
John Hancock Life Insurance Co.'s claims for deductions for a series of leveraged lease transactions were denied by the U.S. Tax Court, a decision that could cost the company as much as $560 million. ...