Allianz and Generali Plan to Sell Life Insurance Assets: Sources May 28, 2020 By Jan-Henrik Förster and Sonia Sirletti Two of Europe’s largest insurers are gearing up to sell billions of euros in life assets — a niche corner...
Investment Firm Apollo Hikes Stake in Athene to 35% in Deal Worth $1.55B October 29, 2019 By Heather Perlberg Apollo Global Management Inc. is doubling down on its investment in Athene Holding Ltd., increasing its stake to 35% and...
Apollo’s Insurer Unit, Athene Holding, Quietly Settles Harassment Case Against CEO September 25, 2019 By Heather Perlberg and Sabrina Willmer The allegations described a boss letting loose with profane tirades, sexist insults, racist comments, even physical intimidation. Purported incidents piled...
Sectors Under Pressure, Such as Insurance, Remain Private Equity Targets: Apollo Exec September 20, 2019 By Svea Herbst-Bayliss and Lawrence Delevingne Private equity billionaire Joshua Harris thinks there are still plenty of undervalued companies to improve and profit from, especially away...
Apollo Global Management Completes Acquisition of Aspen Insurance February 19, 2019 Apollo Global Management LLC, the investment firm led by Leon Black, has completed its acquisition of Aspen Insurance Holdings for...
Enmity Erupts Between Former Private Equity Partners Over Lucrative Insurance Units October 12, 2018 By Sonali Basak and Heather Perlberg Nearly a decade ago, Imran Siddiqui helped engineer a shrewd maneuver for buyout mogul Leon Black’s Apollo Global Management LLC,...
Run-Off Firm Catalina Raises $700M, Forms Shareholder Restructure with Apollo, RenRe October 11, 2018 Catalina Holdings (Bermuda) Ltd., a legacy runoff property and casualty re/insurance specialist, announced it has completed a US$700 million equity...
Aspen Insurance CEO O’Kane Issues Statement That He Will Step Down in 2019 October 2, 2018 Chris O’Kane, group chief executive of Aspen Insurance Holdings, issued the following statement to employees that he will step down...
Cloutier to Step Down as Brit’s Exec. Chairman, with Plans to Become CEO of Aspen October 1, 2018 Brit Ltd. announced that Mark Cloutier will step down from his role as executive chairman of Brit in December 2018....
Auto Insurance Broker Confie Battles JC Flowers Over Failed Acquisition September 7, 2018 By Natasha Rausch It took just 78 days for a deal involving billionaire J. Christopher Flowers to blow up. Confie Seguros Holding II...