Assets & Investments
Swiss Re Stock Soars on Rumors That $9.6B SoftBank Investment Getting Closer
Swiss Re AG jumped after people familiar with the matter said Japan's SoftBank Group Corp. is edging closer to buying a quarter of the company, valuing the reinsurer at as much as 37 billion francs ...
Lemonade Expands Again, Into D.C. and Pennsylvania
Lemonade, an insurance startup that relies on artificial intelligence and behavioral economics, has launched in both Pennsylvania and Washington D.C. It announced the expansion on social media. These ...
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 ...
Generali Reportedly Evaluating Bids for German Life Biz
Athene Holding Ltd. and Viridium Group GmbH submitted binding bids for Assicurazioni Generali SpA's 40 billion-euro ($49 billion) German life insurance portfolio, according to people with knowledge ...
Zurich Will Pay $409M for QBE’s Latin American Operations
Zurich Insurance Group will pay $409 million for the Latin American operations of Australian insurer QBE, a deal that will help it become the top insurer in Argentina and build market share in other ...
Hurricanes, Wildfires End Berkshire Hathaway’s 14 Consecutive Years of Underwriting Profit
Buffett, 87, Also Offered Few New Hints About His Succession Plans Warren Buffett's Berkshire Hathaway's combination of insurance entities have recorded 14 consecutive years of underwriting profit ...
Prudential Financial Will Buy 13.1% Stake in Peak Re
Prudential Financial is buying a 13.1 percent stake in Hong Kong-based reinsurer Peak Reinsurance Co. Ltd. The deal is taking place through a wholly owned subsidiary of Prudential Financial Inc. ...