Both A.M. Best and Standard & Poor’s issued bulletins following the announcement that Ariel Re was selling off its Bermuda-based reinsurance business to Arrow, a unit of investment Bank Goldman Sachs, and its trade credit and surety (C&S) operations, which …
Goldman Sachs Group said it is acquiring Ariel Reinsurance’s Bermuda-based insurance and reinsurance operations, which it will combine with its existing business underwritten through Lloyd’s Syndicate 1910. The purchase price of the transaction was not disclosed. The acquired business will …
Allstate Corp. is suing Goldman Sachs Group Inc., saying more than $122 million in mortgage-backed securities the insurance company bought beginning in 2006 were fraudulent. Allstate said in a statement that it filed the lawsuit in New York state court …
The U.S. regulator of credit unions this week sued Goldman Sachs & Co. for more than $491 million in damages over losses incurred by two failed credit unions that purchased mortgage-backed securities underwritten by the investment bank. The complaint filed …
Boston-based Liberty Mutual Insurance Co. and several of its subsidiaries have sued investment banker Goldman, Sachs & Co. for “making materially misleading statements and omissions” in a preferred stock offering of mortgage lender Freddie Mac in November 2007. The insurers …
Goldman Sachs has bought a 12.02 percent stake worth more than $900 million in China’s Taikang Life Insurance Co. Ltd, giving the Wall Street giant a foothold into the world’s biggest insurance market. Goldman’s long-overdue purchase could pave the way …
Goldman Sachs has bought a 12.02 percent stake worth more than $900 million in China’s Taikang Life Insurance Co Ltd, giving the Wall Street giant a foothold into the world’s biggest insurance market. Goldman’s long-overdue purchase could pave the way …
Insurer American International Group Inc. paid Goldman Sachs Group Inc. $2.9 billion for the investment bank’s own account, a report said Thursday, adding new fuel to old accusations that AIG’s rescue was a backdoor bailout for Goldman. A report from …
