U.S. Will No Longer Enforce Mask Mandate on Airplanes, Trains After Court Ruling April 19, 2022 By David Shepardson, Mike Stone and Rajesh Kumar Singh The Biden administration will no longer enforce a U.S. mask mandate on public transportation, after a federal judge in Florida...
China’s Anbang Insurance Ups Offer for Starwood Hotels to $14B March 28, 2016 By Greg Roumeliotis and Mike Stone China’s Anbang Insurance Group Co. has raised its offer for Starwood Hotels & Resorts Worldwide Inc. to almost $14 billion...
China Insurer Anbang Offers $6.5 Billion to Buy Major U.S. Hotel Group March 13, 2016 By Mike Stone China’s Anbang Insurance Group has agreed to acquire Strategic Hotels & Resorts Inc. for around $6.5 billion, as the owner...
AIG Eyes Partial Spinoff of Mortgage Insurance Unit: Reuters January 24, 2016 By Michael Flaherty and Mike Stone American International Group Inc. has decided to pursue a spin-off of its mortgage insurance business, according to people familiar with...
Willis Weighs Increasing Offer for Towers Watson, Amid Opposition to Deal November 18, 2015 By Michael Flaherty and Mike Stone Willis Group Holdings is considering increasing its offer for Towers Watson & Co after failing to muster enough shareholder support...
Wells Fargo Considers Selling Crop Insurance Unit August 12, 2015 By Mike Stone Wells Fargo & Co may divest its crop insurance business, one of the biggest in the United States, a spokeswoman...
PartnerRe ‘Now Willing’ to Open Talks with EXOR: Sources July 30, 2015 By Agnieszka Flak and Mike Stone PartnerRe Ltd, the reinsurance company that has a $6.6 billion merger agreement with AXIS Capital Holdings, has indicated that it...
Japanese Insurers Eye More Acquisitions in U.S. July 17, 2015 By Mike Stone Japanese insurers including MS&AD Insurance Group Holdings Inc. and Sompo Japan Nipponkoa Insurance Inc. are seeking mergers with peers in...
AXIS & PartnerRe Consider Sweetening $6.2B Merger Agreement: Sources July 9, 2015 By Mike Stone Reinsurers AXIS Capital Holdings Ltd and PartnerRe Ltd are considering tweaking their $6.2 billion merger agreement in a bid to...
AXIS Capital Not Engaged in Buyout Talks with Arch – Sources June 19, 2015 By Mike Stone AXIS Capital Holdings Ltd. has not communicated with any potential acquirer, including Arch Capital Ltd., since it engaged in merger...