Max Specialty, Guaranty Casualty Max Specialty Insurance Co., of Richmond, Virginia, the U.S. excess and surplus lines unit of Max Capital Group Ltd., reports it has acquired Commercial Guaranty Casualty Insurance Co., an insurance entity licensed to write business in …
Asian Insurers May Buy in U.S., E.U.; Bermuda Beefs Up Regulators; Zurich Favored for Acquisition Asian insurers may go on a buying spree. A number of companies, particularly China’s major players, are likely to seize the credit crunch as an …
Main Street America, Great Lakes Casualty The Main Street America Group, a regional property/casualty insurer based in Jacksonville, Fla. that writes business up and down the East Coast, is expanding to the Midwest. The insurer said it has agreed to …
Initial, informal offers for Royal Bank of Scotland’s insurance arm are unlikely before next week after a first deadline was delayed on the request of several suitors, sources close to the process said. First-round bids for RBS Insurance, Britain’s largest …
Italy’s Generali dropped out of the running for Royal Bank of Scotland’s insurance arm on Wednesday, hours ahead of a first bid deadline, prompting speculation that interest in the asset is fading. RBS, Britain’s second-largest bank, had been expected to …
Rivals are circling Royal Bank of Scotland’s insurance arm as a bid deadline approaches, but aside from Zurich Financial Services, few may have the desire and firepower to buy Britain’s largest motor insurer. RBS Insurance was put on the block …
Rivals are circling Royal Bank of Scotland’s insurance arm as a bid deadline approaches, but aside from Zurich Financial Services, few may have the desire and firepower to buy Britain’s largest motor insurer. RBS Insurance was put on the block …
A U.S. judge who oversaw the trial of executives accused of helping American International Group Inc. inflate reserves said there was sufficient evidence to show the conspiracy started with a phone call from the insurer’s former chief executive, Maurice “Hank” …
U.S. investor Warren Buffett is not interested in bidding for Royal Bank of Scotland’s (RBS) insurance arm and expects fallout from the credit crunch to keep roiling financial markets, he said on Monday. “I have ruled out doing anything with …
Standard & Poor’s Ratings Services has affirmed its ‘AAA’ counterparty credit, ‘A-1+’ commercial paper, and ‘AAA’ senior unsecured debt ratings on Berkshire Hathaway Inc. (BRK). The outlook remains stable. S&P noted that although Berkshire’s net income declined to $940 million …
