Ex-AIG CEO Benmosche’s Memoir Talks of Fending Off Wall Street Sharks April 13, 2016 By Sonali Basak Robert Benmosche, the former American International Group Inc. chief executive officer who repaid a U.S. bailout, left behind criticism for...
Hedge Fund Managers Benefit from Fee-Paying Reinsurer Units April 12, 2016 By Simone Foxman and Sonali Basak Stock pops or stock drops, there’s always been at least one winner when it comes to Daniel Loeb’s reinsurance company:...
Hartford CEO Compensation Reaches $10M with Stock Awards, Bonus April 8, 2016 By Katherine Chiglinsky and Sonali Basak Hartford Financial Services Group Inc. said that Chief Executive Officer Chris Swift’s pay package nearly doubled to $10 million for...
‘Great Unwind’ in Debt Financing May Stunt Companies’ Future Growth: Greenberg April 7, 2016 By Emma Orr and Sonali Basak Evan Greenberg, the chief executive officer of insurer Chubb Ltd., said companies may find it difficult to obtain financing after...
AIG Weighs Cutting Nearly 125 U.K. Jobs, in Plan to Reduce Costs: Sources April 7, 2016 By Sonali Basak American International Group Inc., the insurer under pressure from activist investors, may eliminate about 125 positions in the U.K. as...
U.S. Must Lower Corporate Taxes to Keep Insurers: Travelers CEO Schnitzer April 4, 2016 By Sonali Basak Alan Schnitzer, the new chief executive officer of insurer Travelers Cos., called on U.S. lawmakers to reduce corporate taxes or...
AIG Executives’ Pay Trimmed for Missing Profit Goals March 30, 2016 By Anders Melin and Sonali Basak American International Group Inc., the insurer being pressured by activist investors to split up, cut short-term incentive pay for Chief...
PartnerRe Appoints EXOR’s Elkann as Chairman; Clarke Named CEO March 24, 2016 By Sonali Basak EXOR SpA Chief Executive Officer John Elkann was named chairman of PartnerRe, the reinsurer that his investing firm acquired for...
AIG Continues with Job Cuts; Warns 242 in New York Next to Go March 23, 2016 By Sonali Basak American International Group Inc., the insurer that’s been under pressure from activist investors, said it plans to cut 242 jobs...
China’s Fosun Weighs IPO for Ironshore, Just 4 Months After Acquiring Insurer March 23, 2016 By Katherine Chiglinsky and Sonali Basak Fosun International Ltd., the Chinese conglomerate led by billionaire Chairman Guo Guangchang, is weighing a possible initial public offering for...