Anbang Insurance Group Co., the Chinese insurer buying New York’s Waldorf Astoria hotel, is planning an initial public offering that could raise about $2 billion, people with knowledge of the matter said. The Beijing-based company aims to start the share …
The Board of Equitas announced that Jeremy Heap has been appointed to succeed Jane Barker CBE as Chief Executive Officer of the Equitas Group, effective November 1st, 2014. He has “worked for Equitas from its formation in various financial roles, …
Jack Ma and Warren Buffett embody two great and contrasting businesses in finance. One sells lottery tickets and the other sells insurance. Ma pulled off the largest-ever IPO last week when he floated Alibaba in what might be called the …
Berkshire Hathaway has hired two senior executives from American International Group’s Asia operations to boost its insurance business in the region, the Wall Street Journal reported citing people familiar with the matter. Berkshire Hathaway has hired Marc Breuil, who headed …
Berkshire Hathaway’s General Re has announced a number of senior appointments in the Asia Pacific region, as follows: Pietro Toffanello will assume the role of Property/Casualty Regional Manager for Asia Pacific, in addition to his role of Managing Director of …
Bond buyers are betting more than ever on the mercy of Mother Nature as they seek to boost yields being suppressed by central banks. Demand for notes linked to insurance against hurricanes and other natural disasters is prompting investors to …
Berkshire Hathaway Specialty Insurance (BHSI), part of Omaha, Nebraska-based conglomerate holding company Berkshire Hathaway, has its eyes on overseas expansion, according to BHSI’s top executive. BHSI’s President Peter Eastwood said BHSI is “working hard at some expansion plans in Asia …
Chevy Chase, Md.-based auto insurance giant GEICO announced Thursday that to keep up with its strong policyholder growth, its regional office in Fredericksburg, Va., plans to hire more than 725 new associates for growth and replacement in 2014. The GEICO …
Since his ouster from American International Group Inc. in 2005, Maurice “Hank” Greenberg has been quietly building an insurance and investment conglomerate that people close to him describe as a mini version of Warren Buffett’s Berkshire Hathaway Inc. Greenberg’s $4.4 …
Regulators are starting to scrutinize Warren Buffett’s Berkshire Hathaway Inc. to determine whether it is important enough to the financial system to require Federal Reserve supervision, according to two people with knowledge of the matter. The U.S. Financial Stability Oversight …
