Reinsurer Validus Holdings increased the pressure on its target Transatlantic Holdings Wednesday, filing paperwork with regulators to ultimately replace Transatlantic’s board of directors. Transatlantic shareholders are due to vote next Tuesday on an all-stock offer from Allied World, which three …
Warren Buffett advanced his succession plan Monday by naming Ted Weschler, a low-profile hedge fund manager who has produced out-sized returns in the last decade, to help manage the investments of Berkshire Hathaway Inc. Weschler, 50, will start at the …
AIG’s aircraft leasing unit, International Lease Finance Corp., filed for an initial public offering Friday despite deep uncertainty in equity markets that could delay an offering until next year. ILFC Holdings Inc., as the company will be called, is the …
Loss estimates from Hurricane Irene continued to fall and ratings agencies said insurers would have no problem with claims, helping boost insurance industry shares Wednesday. The relatively limited losses that Irene appears to have caused to the private insurance industry …
The only thing worse than getting flooded out of your home once is getting flooded out of it twice. Or, for that matter, over and over again. Margaret Wert bought her Wayne, New Jersey house in 1999, relying on assurances …
Hurricane Irene is expected to have caused substantial property losses, though figures are still hard to come by because of uncertainty about wind damage, catastrophe modeling company Eqecat said Monday. The storm may have been something of a worst-case scenario …
Hurricane Irene caused between $200 million and $400 million in insured losses in the Carolinas, catastrophe modeling company EQECAT said Sunday, suggesting the storm may have been far less severe than the insurance industry feared. The bigger question, though, is …
Hurricane Irene is likely to cause more insured losses in the Bahamas than 1999’s devastating Hurricane Floyd, catastrophe modeler AIR Worldwide said Thursday, even as the storm increasingly tracks toward a weekend landfall in the greater New York City area. …
Warren Buffett will invest $5 billion in Bank of America Corp., stepping in to shore up the largest U.S. bank in the same way he helped prop up Goldman Sachs and General Electric during the financial crisis. Bank of America …
In the annals of natural disasters, it doesn’t get much worse than a major hurricane directly striking New York City and Long Island. Hurricane Irene is on a course that will take it up the East Coast from the weekend. …
