Digital Lloyd’s syndicate Ki reported that it has raised US$500 million from funds managed by Blackstone Tactical Opportunities and Fairfax Financial Holdings, parent of specialty insurer Brit that is behind Ki. Ki said the capital commitment will fund its expansion …
Global investment firm Kohlberg Kravis Roberts & Co. L.P. said it will acquire Alliant Insurance Services Inc., a specialty insurance brokerage firm based in California, from another investment firm, Blackstone, which acquired its interest in Alliant in 2007. Terms of …
Direct Line, the UK’s largest motor [auto] insurer run by government-owned Royal Bank of Scotland, is a takeover target for private equity groups looking to pre-empt what would be one of the biggest initial public offerings in London this year. …
Global private equity fund Blackstone Group LP is backing Mark Wilson, the former chief of AIA Group Ltd, in the bidding for ING Groep NV’s Asia insurance unit, a source directly familiar with the matter said. The consortium led by …
Bailed-out insurer American International Group Inc. sold its entire $500 million stake in private equity firm Blackstone Group LP on Friday, according to a source familiar with the situation. AIG, which became majority owned by the U.S. government after it …
A lawsuit against Blackstone Group LP , alleging the private equity firm failed to disclose problem investments before its 2007 initial public offering, will go ahead after the U.S. Supreme Court rejected the company’s appeal. The justices on Monday refused …
