Blackstone News
AmTrust MGAs to Spin Off in Deal with Blackstone
Some of the managing general agencies and fee businesses of global property/casualty insurer AmTrust Financial Services are set to be spun-off in a deal announced by AmTrust Financial Services, Inc. ...
Insurers Plan to Boost Their Private Market Investments: BlackRock
Insurers plan to increase their allocations to private markets to 14% from 11% over the next two years in the hunt for yield, as they add more money to environmentally focused investment funds, ...
AIG Closes Sale of Life & Retirement Unit Stake to Blackstone
Part of American International Group's plans to spin off part of its Life & Retirement business have come to fruition. AIG and Blackstone said they have closed on a previously announced agreement ...
China’s Troubled Anbang Insurance Group Puts Japan Properties Up for Sale
China's troubled Anbang Insurance Group has put its $2.4 billion property portfolio in Japan up for sale and previous owner Blackstone Group is bidding, two people familiar with the company's plans ...
Former FIO Director McRaith Takes Private-Sector Position With Blackstone
Michael McRaith, the former director of the Federal Insurance Office, has joined up with global investment firm Blackstone. McRaith will be managing director of the newly formed Blackstone Insurance ...
Blackstone Eyes Insurance With Expansion Into Portfolio Risk Analytics
Blackstone Group LP has bigger plans for insurance companies than just managing their money. The world's largest private equity firm is expanding into a lucrative business dominated by BlackRock ...
AXIS Capital’s Fledgling Harrington Re Raises $600M
Harrington Re., a fledgling Bermuda operation sponsored by AXIS Capital Holdings Ltd., has raised $600 million in capital designed to beef up underwriting and investment plans put forth by its ...
Blackstone Buying Chicago Willis Tower for $1.3B
Blackstone Group LP agreed to buy Chicago's Willis Tower, the second-tallest building in the U.S., with plans to upgrade the retail and observatory space in a bet on growth in the city. The price was ...