investment News
Investors See Dollar Signs in Denied COVID-19 Insurance Claims
A growing market niche where investors profit from others' legal troubles is getting a boost from Covid. Distressed-investing funds and litigation-finance boutiques are likely to be spoiled for ...
Hippo Attracts $350M Investment From Mitsui Sumitomo; Reinsurance Treaty Also Planned
Hippo Enterprises, an MGA InsurTech focused on homeowners insurance, secured a $350 million capital investment designed to help fuel further growth. A related reinsurance agreement is also part of ...
Buffett’s Berkshire Hathway Exits Remaining Travelers Stake, Slashes Goldman Sachs Investment
Warren Buffett's Berkshire Hathaway Inc said on Friday it has sold much of its stake in Goldman Sachs Group Inc, despite the billionaire's assurance that the banking sector was not a "primary worry" ...
Munich Re Buys a Madison Avenue NYC High-Rise
Munich Re Group plans to acquire a 39-story Madison Avenue high-rise in New York City. Buyer and seller declined to disclose the purchase price. CBRE advised the unnamed seller, and MEAG, which had ...
Insurers,Technology Top List for Germany’s Best-Performing Funds in 2020
Even in Europe's industrial heartland, the best investors are shunning manufacturing stocks and putting their money in local tech companies. DWS Concept Platow, this year's top-performing German ...
Startup Constellation Insurance Holdings Raises $500M to Invest in M&A, Demutualizations
Constellation Insurance Holdings, founded by industry veteran Anurag Chandra, former CEO of Prosperity Life Insurance Group, has partnered with Canadian institutional investors, Caisse de dépôt et ...
Liberty Mutual, Allianz, Generali Reportedly Seeking to Invest in BBVA Insurance Arm
European insurers Allianz and Generali are vying with U.S. rival Liberty Mutual to invest in the bancassurance business of Spanish lender BBVA, four sources familiar with the matter told Reuters. The ...
Cambridge Mobile Telematics Attracts $500M SoftBank Investment
Cambridge Mobile Telematics, whose technology is used globally by insurers and others, attracted a $500 million investment from the SoftBank Vision Fund designed to fuel global growth. "This ...