The Agnelli family’s EXOR SpA, known for investments in cars and soccer, is dismissing the prevailing reinsurance strategies as it seeks to push into the industry with a $6.4 billion takeover. EXOR is shunning the idea that it should take …
Third Point Reinsurance Ltd., which counts Dan Loeb as a founder, said it’s more than just a hedge fund investing vehicle as the Internal Revenue Service weighs tightening regulation for offshore companies. “Anyone that spent a day in our office …
The U.S. Treasury Department said it’s considering ways to end a “loophole” that allows hedge- fund managers to avoid taxes by routing their investments through an insurance company in low-tax countries like Bermuda. The Treasury, in an Aug. 9 letter …
Liam McGee, who led a rebound at Hartford Financial Services Group Inc. after shunning John Paulson’s call to split the insurer, said executives shouldn’t be defensive when handling activist investors. “You can’t circle the wagons,” McGee, Hartford’s chief executive officer, …
Billionaire hedge fund manager John Paulson cut his third and fourth biggest portfolio holdings and made a bigger bet on a gold mining firm, according to a regulatory filing released on Thursday. New York-based hedge fund Paulson & Co. cut …
Prudential Financial Inc. will buy the individual life insurance business of Hartford Financial Services Group Inc. for $615 million in cash, the companies said on Thursday. Prudential said the deal would add scale to its own individual life business, while …
John Paulson, the hedge fund manager who has been pressuring The Harford to break itself apart to maximize shareholder value, appears satisfied with the insurer’s restructuring effort. Paulson’s hedge fund firm, Paulson & Co. Inc., announced in a federal regulatory …
Hartford Financial Services Group’s independent brokerage unit Woodbury Financial Services hasn’t posted a profit for at least five years, but some investment bankers say that won’t deter a small circle of expansion-minded rivals from bidding on the business. Last week …
John Paulson, a billionaire hedge fund manager and the largest shareholder of The Hartford Financial Services Group, says the company’s plan to exit most of its life insurance businesses is a good start — but just a first step. Paulson …
The Hartford Financial Services Group Inc., under pressure to boost its stock price from hedge fund manager John Paulson, said it would get rid of most of its life insurance-related operations and focus on being a property insurance and group …
