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State Farm Sued Over Policies Backed by Distressed Insurer PHL

State Farm Sued Over Policies Backed by Distressed Insurer PHL

State Farm Mutual Automobile Insurance Co. faces a lawsuit accusing it of fraud and unjust enrichment for selling products from PHL Variable Insurance Co., which authorities say has a $2.2 billion capital shortfall that left policyholders with...

State Farm ›

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Allianz, Oaktree Set Up Reinsurance Syndicate on Lloyd’s Market

Allianz, Oaktree Set Up Reinsurance Syndicate on Lloyd’s Market

Allianz SE and Oaktree Capital Management agreed to set up a reinsurance syndicate on the Lloyd’s of London market, the latest example of a private capital firm pushing into the non-life sector. The vehicle, named “Syndicate...

Lloyd's ›

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