AIG Rebranding, Expanding Retirement Services As Others Retreat January 13, 2014 By Zachary Tracer American International Group Inc. plans to add 600 advisers and expand their offerings to boost sales as rivals retreat from...
Weill, Former Citigroup Chief, Named Chairman of Cohen’s Former Reinsurer January 9, 2014 By Zachary Tracer Sanford “Sandy” Weill, the former head of Citigroup Inc., was named chairman of the board at Hamilton Insurance Group Ltd.,...
Former Marsh CEO Duperreault in Group Buying SAC Capital Reinsurance Unit December 10, 2013 By Katherine Burton, Noah Buhayar and Zachary Tracer Steven A. Cohen, the billionaire founder of SAC Capital Advisors LP, agreed to sell a reinsurer he formed in 2012...
SAC Capital’s Reinsurer to Be Sold to Investor Group Headed by Duperreault December 10, 2013 By Noah Buhayar, Katherine Burton and Zachary Tracer Steven A. Cohen, the billionaire founder of SAC Capital Advisors LP, agreed to sell a reinsurer he formed in 2012...
Allstate Picks ING to Sell Fixed Annuities to Its Home, Auto Customers December 9, 2013 By Noah Buhayar and Zachary Tracer ING U.S. Inc. will begin selling fixed annuities through Allstate Corp. agencies as the largest publicly traded U.S. auto and...
Hartford’s McGee: Lessons from Clash with Activist Investor Paulson November 26, 2013 By Zachary Tracer and Jeffrey McCracken Liam McGee, who led a rebound at Hartford Financial Services Group Inc. after shunning John Paulson’s call to split the...
Allianz Looks to Boost U.S. Presence, Improve Fireman’s Fund: Bhojwani November 15, 2013 By Oliver Suess and Zachary Tracer Allianz SE, Europe’s largest insurer, said it is committed to bolstering operations in the U.S. after international rivals scaled back...
AIG’s Q3 Profit Advances 17% to $2.17B; Property/Casualty Sales Decline November 1, 2013 By Noah Buhayar and Zachary Tracer American International Group Inc., the insurer that repaid a U.S. rescue last year, said third- quarter profit climbed 17 percent...
Hartford Profit Up As Focus Shifts to P/C Insurance October 29, 2013 By Zachary Tracer Hartford Financial Services Group Inc.’s profit surged as the insurer focused on property/casualty coverage after divesting life and annuity units....
AIG Hires XL Group’s Maag as CEO of Europe, Middle East October 25, 2013 By Zachary Tracer American International Group Inc. hired Seraina Maag from XL Group Plc to run the Europe, Middle East and Africa region...