Assets & Investments
New Breed of ‘Go-Anywhere’ Investors Transforming Emerging Markets
New types of long-term investors and flexible, "go-anywhere" investing styles are helping transform emerging markets by making the once-volatile sector less prone to the sweeping sector-wide ...
AIG, Bank of America Settle Dust-Up Over Mortgage-Backed Securities
American International Group said it will get at least $650 million from Bank of America as part of a legal settlement involving toxic residential mortgage-backed securities. With the settlement, yet ...
European Banks Seen Selling $795B of Property Assets
European banks and asset managers plan to sell or restructure 584 billion euros ($795 billion) of riskier real estate as they try to clean up their balance sheets, Cushman & Wakefield Inc. said. ...
With Volumes Soaring, Zurich Doubles Its Green Bond Commitment
Zurich Insurance Group AG said it is boosting its investment in green bonds to up to $2 billion, with plans to spread the initiative through three different European currencies. Switzerland's largest ...
ACE Takes Steps to Expand European Surety Business
ACE Group said it is launching a number of new surety products in the Netherlands, Belgium and Luxembourg, as part of a broader expansion of its surety capabilities in Europe. The new products will ...AIG Commits $1.5B to Lending Venture for Mid-Sized Cos. With Oak Hill
American International Group Inc., the largest property/casualty insurer in the U.S. and Canada, joined private-equity firm Oak Hill Capital Management to help start a lender serving medium-sized ...AIG Mulling Big Expansion of Massive Share Repurchase
American International Group Inc., the largest commercial insurer in the U.S. and Canada, said it may repurchase as much as an additional $2 billion of common stock after selling its aircraft-leasing ...
Reinsurers Are Ripe For M&A: Nomura
The reinsurance market is ripe for consolidation because the sector continues to soften, with alternative capacity in at least one area set to double over the next few years, a Nomura Equity Research ...