U.S.
Top Shareholders Urge Ambac CEO to Leave Due to Claims-Payment Delays
Three of Ambac Financial Group Inc's top ten shareholders are calling on its new CEO Nader Tavakoli to step down, according to people familiar with the matter. One of the reasons they give is that he ...
Uber Will Help California Ex-Felons Ready for Driver Jobs
Uber Technologies Inc. says it's trying to help people convicted of non-violent felonies in California get jobs as drivers. The company said Wednesday it's steering prospective drivers with felony ...
Fed Could Clear Up SIFI Uncertainty This Year
The designation of MetLife as a systemically important financial institution by the Financial Stability Oversight Council is a done deal. But exactly what that means in terms of higher regulatory ...
P/C Execs Predict Cyber Growth and a Democrat in the White House
Leaders of the property/casualty insurance industry expect 2016 to be a profitable year much like 2015 but do not see any increase in profitability this year for most lines of insurance, and they do ...
A.M. Best Separates Ratings Services from Publications in Restructuring Move
A.M. Best has restructured its operations to separate its rating and research services from its publications and other information products, attributing the action to increased regulation of credit ...
ACE and Chubb Set to Close Their Mega-Merger Deal
ACE Ltd. and Chubb were set to close their $29.7 billion merger agreement on Jan. 14 – a scant six months after the companies first announced their surprise deal. The Chubb name will represent the ...
Paulson Hedge Fund Pulls Plug on Bermuda Reinsurer PacRe
Billionaire John Paulson's New York hedge fund firm has shut an operation in Bermuda that had been targeted by a Democratic lawmaker as a tax shelter. Paulson's venture, a reinsurer named PacRe Ltd., ...
MetLife Considers Spinning Off Retail Business to Ease Regulation
MetLife Inc., the largest U.S. life insurer, plans to separate much of its domestic retail business as Chief Executive Officer Steve Kandarian works to shrink the company amid tighter government ...