Latest Blackstone Headlines
All the headlines from our Blackstone Topic Page, ordered by recency.
Blackstone Acquires Major Interest in Mortgage Insurer PMI
Sep 3 2015 // Blackstone Group LP acquired a “significant equity stake” in mortgage insurer PMI Group Inc. Blackstone, the New York-based private-equity firm, will provide a loan to PMI for working capital and gains the...
Insurance Linked Securities Specialist Nephila Hired by Blackstone Vehicle
May 20 2015 // A Blackstone Group LP vehicle offering hedge fund strategies to mutual fund investors plans to allocate money to a firm backed by rival KKR & Co. The Blackstone Alternative Multi-Strategy Fund is hiring Nephila Capital...
Aviva Names Blackstone’s Tom Stoddard CFO after Regan Departs
Feb 28 2014 // Aviva Plc named Blackstone Group LP Senior Managing Director Tom Stoddard chief financial officer after its previous finance head decided to leave the company. Stoddard, Blackstone’s head of global financial...
Blackstone Settles IPO Disclosure Lawsuit for $85 Million
Aug 29 2013 // Blackstone Group LP reached an $85 million settlement with investors over claims it made misrepresentations about its initial public offering. A U.S. appeals court in 2011 reversed the dismissal of a proposed class-action...
Investment Firm KKR to Acquire Alliant Insurance from Blackstone
Nov 25 2012 // Global investment firm Kohlberg Kravis Roberts & Co. L.P. said it will acquire Alliant Insurance Services Inc., a specialty insurance brokerage firm based in California, from another investment firm, Blackstone, which...
Blackstone Backs ex-AIA Chief in ING Asia Sale Race: Source
Jul 12 2012 // Global private equity fund Blackstone Group LP is backing Mark Wilson, the former chief of AIA Group Ltd, in the bidding for ING Groep NV’s Asia insurance unit, a source directly familiar with the matter said. The...
Business Moves
Mar 19 2012 // Golden Bear Stockton, Caif.-based Golden Bear Insurance Co. has opened its first office in the Pacific Northwest. The new office is in Edmonds, Wash. It was opened by Golden Bear Vice President Carl Heckman and his team,...
AIG Sells $500 Million Stake in Blackstone
Mar 4 2012 // Bailed-out insurer American International Group Inc. sold its entire $500 million stake in private equity firm Blackstone Group LP on Friday, according to a source familiar with the situation. AIG, which became majority...
Supreme Court Allows Investor Claim Against Blackstone to Proceed
Oct 3 2011 // A lawsuit against Blackstone Group LP , alleging the private equity firm failed to disclose problem investments before its 2007 initial public offering, will go ahead after the U.S. Supreme Court rejected the...
Blackstone, Goldman, Credit Suisse Back New Insurance Brokerage
Jul 7 2009 // A group of private equity investors, including affiliates of The Blackstone Group, Goldman Sachs and Credit Suisse, is launching a new life insurance and benefits brokerage serving the middle market and small businesses,...
In Brokers We Trust
Jul 7 2008 // Alliant Insurance Services Puts Its Money Where Its Trust Is — In Teams, Not Individuals Insurance Journal Top 100 Agency Profile Alliant Insurance Services RANKING: No. 2 Headquarters: Newport Beach, Calif. Year...
Aspen Founders to Sell Shares
Jun 29 2007 // Bermuda-based Aspen Insurance Holdings Limited announced that two of its shareholders, The Blackstone Group and DLJ Merchant Banking Partners, a private equity investment affiliate of Credit Suisse, have agreed to sell...
AIG Among Winners in Blackstone Group’s Giant IPO
Jun 25 2007 // Blackstone Group LP’s shares jumped more than 13 percent last Friday on the New York Stock Exchange, after the buyout powerhouse raised $4.1 billion in its initial public offering. The highly-anticipated IPO, which...
Blackstone and DLJ Merchant to Sell Some Aspen Shares
Feb 23 2007 // Bermuda’s Aspen Insurance Holdings Limited announced that two of its shareholders, The Blackstone Group and DLJ Merchant Banking Partners, have agreed to sell a portion of their shareholdings. Blackstone will sell...
Jardine Lloyd Thompson, Blackstone Plan Joint Venture
May 3 2000 // New York investment bank Blackstone Group and British insurance broker Jardine Lloyd Thompson are taking on a joint venture to form a U.S.-based risk consultancy called Capital Risk Group. JLT will own 80 percent of the...
AIG Announces New Strategic Advisory Venture
Feb 21 2000 // American International Group, Inc. (AIG), The Blackstone Group L. P. and Kissinger Associates Inc. announced the establishment of a new venture to provide financial advisory services to corporations seeking high-level...
