Assets & Investments
Hyperion Group’s DUAL of London to Acquire PGI Commercial in Florida
The London-based Hyperion Insurance Group, an international insurance intermediary, announced its intention to expand its underwriting agency business in the U.S. through the acquisition, by its ...
FIRREA: Government’s Key Weapon in Financial Fraud Cases
The U.S. Department of Justice appeared to have struck gold last week with the law it wielded against one of the nation's largest banks over conduct that fueled the financial crisis. To convince a ...
SEC’s Aguilar Wants Stock Exchange Execs Liable for Failures
A proposal that would require stock exchanges to be better equipped to handle market disruptions does not go far enough to hold senior officials accountable for failures, Securities and Exchange ...
China to Remain Centerpiece of Asia Expansion for Munich Re
Munich Re, the world's biggest reinsurer, said China will remain its biggest growth market in Asia as it considers countries such as India too unpredictable to step up investment. "Our biggest ...
P/C Insurance CFOs Cite Interest Rates As Top Concern
Chief financial officers with leading North American property/casualty insurers rank interest rates as their top concern, above catastrophes and pricing. Eighty-one percent list interest rates as ...
Soros-Backed Insurer Essent Seeks $1.2 Billion Valuation in IPO
Essent Group Ltd., the mortgage insurer backed by George Soros and Goldman Sachs Group Inc., is seeking a valuation of $1.2 billion in an initial public offering as the company adds capital to expand ...
N.Y. Fed Reserve Chief: Living Wills Not Enough to Fix Too Big to Fail
Reserve Bank of New York President William C. Dudley said that government plans to wind down large financial firms, while helping reduce the odds of a taxpayer bailout, don't eliminate the need for ...
Still Unprofitable Insurer NMI Holdings Seeks to File IPO
NMI Holdings Inc., the mortgage guarantor backed by Kyle Bass, Carlyle Group LP and BlueMountain Capital Management LLC, is seeking to be the first U.S. insurer since 2009 to file an initial public ...