Articles by Sonali Basak

Oaktree Capital Group LLC is among investors backing a Bermuda insurance venture that’s seeking to raise $2 billion with plans...

Progressive Corp., the fourth-largest U.S. auto insurer, said it will begin increasing rates for some risky customers who participate in...

BlackRock Inc., the world’s largest money manager, and Evan Greenberg’s ACE Ltd. are forming a reinsurance venture that is seeking...

Insurance broker Willis Group Holdings Plc plans to keep its name on the Chicago tower that is being sold to...

Third Point Reinsurance Ltd., which counts Dan Loeb as a founder, said it’s more than just a hedge fund investing...

Sandell Asset Management Corp., the activist hedge-fund firm run by Tom Sandell, started a Bermuda-based reinsurer to support its investing...

Richard Schwartz, the lawyer who founded a boat insurance and towing operation and then sold it to Warren Buffett, has...

Third Point Reinsurance Ltd., the Bermuda-based company co-founded by hedge-fund manager Dan Loeb, said buying a competitor in the U.S....

Hartford Financial Services Group Inc., the insurer that sold life units to focus on property/casualty coverage, said fourth-quarter profit rose...