Articles by Greg Roumeliotis, Jessica Toonkel and Soyoung Kim

Sedgwick Claims Management Could Fetch $2 Billion: Reuters

Private equity-owned Sedgwick Claims Management Services Inc, one of the largest U.S. providers of claims services, is exploring a sale that could value it at more than $2 billion, according to four people familiar with the matter. Sedgwick, which was …

After JPMorgan $13B Deal, Banks Seek Protections in Future Bailouts

As the U.S. government closes in on a $13 billion settlement with JPMorgan Chase & Co. over its mortgage practices, lawyers specializing in bank mergers are looking for ways to protect their clients from big losses in similar cases in …

Protective Life in Lead for AXA US Insurance Assets – Sources

U.S. insurer Protective Life Insurance is the leading candidate to buy some of AXA SA’s U.S. life insurance assets in a deal that could be valued at around $1 billion, according to two people familiar with the situation. French insurer …

Goldman Looks to Sell Major Stake in Reinsurance Group

In preparation for rules requiring the bank to hold more capital, Goldman Sachs Group is looking to sell a majority stake in its $1.4 billion reinsurance group, the firm’s incoming chief financial officer, Harvey Schwartz, said Wednesday on the firm’s …

Facebook Market Makers’ Claims Against Nasdaq Likely to Top $100 Million

Claims by four of Wall Street’s main market makers against Nasdaq over Facebook’s botched IPO are likely to exceed $100 million, as they and other traders continue to deal with thousands of problems with customer orders. A technical glitch delayed …

Investors Placed Their Bets On Hurricane Irene

While people in New York and the rest of the U.S. East Coast on Friday were buying batteries and water ahead of Hurricane Irene, some investors were more focused on placing their bets just in case this really is “the …