Growth Frenzy Around Middle-Market CLOs Expected to Continue October 2, 2019 By Lisa Leff It’s a marriage between two of Wall Street’s hottest products. Collateralized loan obligations — typically chock-full of broadly-syndicated debt —...
New CEO Levinson on Rebuilding Lexington Insurance October 2, 2019 By Andrea Wells Success for a specialty lines carrier is about discipline. It’s about walking away from classes of business or lines of...
Bridge in Eastern Taiwan Collapses; Divers Search for Victims October 2, 2019 By Ralph Jennings A towering arch bridge over a bay in eastern Taiwan collapsed Tuesday, sending a burning oil tanker truck falling onto...
Willis Re Specialty Taps Aspen’s Harrell as Managing Director & Chief Operating Officer October 2, 2019 Reinsurance broker Willis Re announced the appointment, with immediate effect, of Donald Harrell as managing director & chief operating officer...
Arthur J. Gallagher & Co. Acquires U.K.’s Anthony Hodges Consulting Ltd. October 2, 2019 Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced the acquisition of Anthony Hodges Consulting Ltd. (AHC) in...
Canada Insurer Intact Financial Corp. Completes Acquisition of On Side Restoration October 2, 2019 Intact Financial Corp., the Toronto-based property and casualty insurer, announced it has completed the acquisition of On Side Developments Ltd.,...
UK PM’s Ultimatum to EU: Negotiate Brexit on His Terms, or Face No-Deal Divorce October 2, 2019 By Robert Hutton and Kitty Donaldson Boris Johnson is poised to issue an ultimatum to the European Union on Wednesday: negotiate Brexit on his terms within...
Buffett-Owned Chemical Firm Lubrizol Faces Lawsuits After Fire in Rouen, France October 2, 2019 More than 5,250 tonnes of chemicals, oil and fuel additives have burned in a massive fire at U.S. specialty chemical...
Update: Hurricane Lorenzo Loses Power but Swells in Size as It Heads Toward Ireland October 2, 2019 By Brian K. Sullivan Hurricane Lorenzo, the largest storm ever to roam the Eastern Atlantic, is forecast to strike the heart of Ireland’s west...
Florida Law Banning Cellphones While Driving in School, Construction Zones Takes Effect October 2, 2019 By Bobby Caina Calvan Better keep your hands off that cellphone if you are driving near a school or through a construction zone in...