Articles by David French

Cigna Eyes Sale of Group Life, Disability Business to Concentrate on Health: Reuters

U.S. health insurer Cigna Corp is exploring a sale of its group benefits insurance business, which could be valued at as much as $6 billion, four people familiar with the matter said on Tuesday. The unit for sale offers disability …

Berkshire Hathaway in Talks to Sell Workers’ Compensation Unit Applied Underwriters

Warren Buffett’s Berkshire Hathaway Inc. is in advanced discussions to sell its Applied Underwriters workers compensation unit to a consortium of insurance firms, people familiar with the matter said on Friday. The deal would be a rare divestment by Buffett, …

China Oceanside’s Acquisition of Genworth Again Delayed by U.S. Review

The closing deadline for China Oceanwide Holdings Group Co.’s proposed purchase of Genworth Financial Inc .has been extended for a second time, to April 1, to allow them to satisfy a U.S. review on foreign takeovers, they said on Wednesday. …

GOP Tax Plan Jeopardizes Bermuda Reinsurer Loophole

U.S. money managers with reinsurance companies in Bermuda and the Cayman Islands could lose a valuable loophole under Republican proposals to overhaul the tax code unveiled on Thursday. The plan includes a 20 percent excise payment on payments from domestic …

Stake in Insurance Broker HUB International Could be Sold: Reuters

Hellman & Friedman LLC is exploring the sale of a stake in HUB International Ltd. in a deal that could value one of the largest North American insurance brokerages at between $6 billion and $7 billion, including debt, people familiar …