Latest Blackstone Headlines
All the headlines from our Blackstone Topic Page, ordered by recency.
AIG Completes Sale of Stake in Life & Retirement Unit to Blackstone
Nov 2 2021 // American International Group and Blackstone said they have closed on the previously disclosed transaction for Blackstone to acquire a 9.9% equity stake in AIG’s Life & Retirement business and for Blackstone to...
AIG Plans Sale of Life Business to Blackstone and in IPO
Jul 14 2021 // American International Group Inc. plans to use an IPO to sell part of its life and retirement business, while Blackstone Group Inc. agreed to buy a sizeable stake, according to a person familiar with the matter. AIG and...
Allstate to Sell Life Insurance Company to Blackstone for $2.8B to Grow in P/C
Jan 27 2021 // The Allstate Corp. is selling Allstate Life Insurance Co. to entities managed by investment firm Blackstone for $2.8 billion. Explaining the move from Allstate’s perspective, Allstate CEO Tom Wilson referred to a...
Foley’s SPAC in $7.3B Deal to Take Blackstone’s Benefits Firm Alight Public
Jan 25 2021 // A blank-check firm backed by prominent investor Bill Foley has agreed to take Alight Solutions LLC, the U.S. benefits services provider owned by buyout firm Blackstone Group, public in a deal valued at $7.3 billion, the...
Blackstone Makes ‘Significant’ Investment in Florida-Based SUNZ Holdings
Jan 11 2021 // SUNZ Holdings, LLC has announced that funds managed by Blackstone Tactical Opportunities have acquired a significant stake in the company to help fuel SUNZ’s continued expansion. Terms of the transaction were not...
Blackstone Joins Brit’s Parent Fairfax in Investing in Lloyd’s Digital Venture Ki
Sep 17 2020 // Digital Lloyd’s syndicate Ki reported that it has raised US$500 million from funds managed by Blackstone Tactical Opportunities and Fairfax Financial Holdings, parent of specialty insurer Brit that is behind Ki. Ki...
Blackstone’s Lombard Could Face Legal Issue with $1B-Plus of Unsigned Policies
Oct 28 2019 // For nearly a decade, Lombard International sat on a secret. It began to unravel in May 2016 when a wealthy German walked into a Luxembourg bank. The man wanted a loan. For collateral, he offered a future payout from a...
China’s Anbang Insurance Selling $2.4 Billion in Japan Properties
Aug 14 2019 // China’s troubled Anbang Insurance Group has put its $2.4 billion property portfolio in Japan up for sale and previous owner Blackstone Group is bidding, two people familiar with the company’s plans said. The...
Nevada Security Firm Sued in 2 Deaths Involving Guards
May 15 2019 // The Las Vegas branch of a national security firm is facing two wrongful death lawsuits in Nevada stemming from encounters with guards employed by the company. The Las Vegas Review-Journal reported one lawsuit was filed in...
China’s Debt-Ridden Anbang Insurance Aims to Sell $200M of Japan Real Estate: Sources
Sep 26 2018 // Anbang Insurance Group Co. Ltd. aims to sell $200 million worth of Japanese real estate to bidders including Blackstone Group LP, about two years after buying them from the U.S. investment firm, two people with knowledge...
Hub International Buys Canadian Broker Blackstone Insurance, Benefits & Bonding
Aug 9 2018 // Hub International Ltd., the Chicago-based insurance broker, has acquired Canada’s Blackstone Insurance, Benefits & Bonding Inc. Terms of the acquisition were not disclosed. Headquartered in Saskatoon,...
Blackstone Wants to Manage More Insurance Money
Apr 23 2018 // Bets on Spanish housing and oil assets helped Blackstone Group LP mitigate stock market jitters that weighed on it in the first quarter, with earnings at the world’s largest manager of alternative assets falling less...
Former Federal Insurance Chief McRaith Joins Blacsktone’s Insurer Investment Team
Mar 20 2018 // Michael McRaith, former director of the U.S. Department of the Treasury’s Federal Insurance Office (FIO), has been named managing director for Blackstone Insurance Solutions (BIS), a newly formed business offering...
Private Equity Firm Blackstone Eyes Insurance Data Analytics Business
Mar 12 2018 // Blackstone Group LP has bigger plans for insurance companies than just managing their money. The world’s largest private equity firm is expanding into a lucrative business dominated by BlackRock Inc.: portfolio risk...
Blackstone Eyes Recapturing Anbang Insurance Assets Including Waldorf
Feb 13 2018 // Blackstone Group LP, which scored big four years ago when a company it owned sold New York’s Waldorf Astoria hotel for a record-setting price to a little-known Chinese insurer, may soon get a chance to own the iconic...
Blackstone Aims to Grow Insurance Asset Management to $100 Billion
Jan 9 2018 // Blackstone Group wants to quadruple to $100 billion the assets it manages at its new unit for insurers as it seeks to boost returns for firms struggling under low interest rates, the unit’s newly appointed chief said...
Quick Selldown of Anbang’s Overseas Assets May Prove Difficult
Aug 1 2017 // As Anbang Insurance Group Co. comes under pressure to reverse a $10 billion-plus global deal spree, a quick selldown of assets may not be so easy. China is said to have asked the acquisitive insurer to sell its overseas...
Update: Blackstone to Buy Aon’s Benefits Outsourcing Unit
Feb 9 2017 // Insurance broker Aon Plc said on Friday it agreed to sell its employee benefits outsourcing business to private equity firm Blackstone Group LP for up to $4.8 billion. Blackstone will pay $4.3 billion upfront and up to an...
China’s Anbang Eyes $2.3B Purchase of Japanese Property Assets: Sources
Nov 21 2016 // China’s Anbang Insurance Group Co. is in talks to buy as much as $2.3 billion in Japanese residential property assets from Blackstone Group, two people involved in the discussions said, in what would be Japan’s...
AXIS Capital’s New Bermuda Operation, Harrington Re, Raises $600M
Jul 6 2016 // Harrington Re, a fledgling Bermuda operation sponsored by AXIS Capital Holdings Ltd., has raised $600 million in capital designed to beef up underwriting and investment plans put forth by its sponsor. Blackstone Group will...
