Assets & Investments
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 ...
Analyst’s Survey: Investors Back Icahn on AIG Breakup
Most American International Group Inc. investors believe that billionaire activist Carl Icahn is right that the insurer needs a new strategy, according to a Sanford C. Bernstein & Co. analyst who ...
The New Venture Capitalists: Insurance Companies
Property and casualty insurers are rich as Croesus, awash in capital and having a tough time figuring out where to put it. They can certainly invest (and largely do) in the equity and bond markets, ...
Willis, Towers Watson Shore Up Merger Support Ahead of Nov. 18 Vote
Willis Group Holdings and Towers Watson, facing some opposition, are working aggressively to shape stockholder opinions in favor of their proposed merger in advance of a Nov. 18 shareholder vote ...
Zurich Favors Spending Its $3B on Acquisitions; Q3 Net Income Plunges
Zurich Insurance Group would rather invest the company's $3 billion in excess capital on acquisitions than return the cash directly to shareholders, Chief Financial Officer George Quinn said in an ...
Conning to Buy Octagon, Add $12.8B of Assets
Asset manager Conning has agreed to buy Octagon Credit Investors to push into below-investment-grade debt markets. Octagon, which oversees $12.8 billion in assets, focuses on collateralized loan ...
China and Germany Agree on Halt to Economic Cyber War
China and Germany agreed to work on stopping economic cyber spying between the two nations amid mounting concern that the thousands of small- and medium-sized companies that form the backbone of ...