Validus Holdings News
Wait Before You Ask About AIG’s Next M&A Target
Now that American International Group has finally closed its $5.6 billion acquisition of Validus Holdings, an unspoken question has been: What's the next acquisition target? The issue came up during ...
AIG Confronts Q2 Underwriting Loss and an Investment Income Slump
American International Group Inc.'s second-quarter earnings took a hit on a slump in income from the insurer's investment portfolio. The stock fell as much as 6.1 percent. Profit in the period fell ...
Validus, Prepping to Be Acquired by AIG, Lost Money in Q1
Validus Holdings reported it lost money during the 2018 first quarter, due partly to more expenses, an underwriting loss in its insurance segment and a drop in income for the carrier's reinsurance ...
Executives On The Move at Allianz, Great American and Validus Specialty
Allianz promoted an executive to the new role of chief business transformation officer. Great American Insurance Group has a new head of its annuity group. Validus Specialty added a senior ...
Rash of Natural Disasters Made Reinsurers Desirable Acquisition Targets
The $500 billion reinsurance industry is experiencing a flurry of deal talks. One reason: Companies are finally for sale as a rash of natural disasters has depressed valuations and a influx of ...
AIG Reports $6.7B Loss Attributed to Catastrophes and Tax Reform
American International Group Inc posted a $6.7 billion fourth-quarter loss on Thursday as the U.S. insurer booked a big charge related to U.S. tax reform and losses from global catastrophes. ...
After Validus, AIG CEO Duperreault Envisions Select, Strategic Acquisitions
American International Group's newly announced plan to pay nearly $5.6 billion for Validus Holdings is likely just the beginning of the insurer's acquisition goals in the coming months. AIG President ...
Hedge Funds Are Betting on a Reinsurance Recovery
Hedge funds bought reinsurance stocks in the third quarter after prices tumbled on widespread losses after multiple hurricanes in North America, filings showed on Wednesday. Hurricanes in the United ...