investment News

Ilinets Named Vice President of Hub’s San Francisco Commercial Markets

Hub International Insurance Services Inc. named Artem Ilinets vice president in the San Francisco, Calif. commercial division. Ilinet’s primary role with Hub will be the deployment of risk aversive insurance solutions for business clients throughout the state. Prior to Hub, …

Swiss Re to Invest $500 Million in Europe Infrastructure Debt through Macquarie

Swiss Re announced that it will engage in long-term financing of infrastructure businesses and assets, and has committed an initial US$500 million for investments in senior secured debt of infrastructure businesses and assets located primarily in northern Europe. “Institutional investment …

HSBC in Talks to Sell $9.3 Billion China Ping An Stake

HSBC said it was in talks to sell its $9.3 billion stake in China’s Ping An Insurance, stepping up a program by Europe’s biggest bank to shed non-core parts of its business to boost profitability. HSBC spent $1.7 billion to …

China Eases Access to Insurance, Travel industries

China has eased restrictions on foreign companies in parts of its insurance, travel and delivery industries in a possible effort to reverse a slide in investment from abroad, an American business group said Friday. Some of the measures were promised …

Fairfax’s Watsa Raises Stake in BlackBerry Maker RIM to Nearly 10%

Canadian investor Prem Watsa, dubbed the “Warren Buffett of the North,” has nearly doubled his company’s stake in embattled BlackBerry maker Research In Motion Ltd (RIM) to just under 10 percent, according to a regulatory filing. The move makes Watsa, …

Irish ‘Yes’ Vote Assures Continued Support; Euro Zone Crisis Still Weighs

Ireland held a referendum on Thursday, May 31 – a straight yes or no vote on whether the country would write the “Stability Treaty,” the austerity measures agreed to last fall by the 17 euro zone countries, into law. It …

ABI Head Warns EU Solvency Rules Must Not Deter Growth, Investment

Otto Thoresen, Director General of the Association of British Insurers, has called for European Union policy makers to ensure that draft EU Solvency II rules do not prohibit insurers from driving growth in the UK and making long term investments …

Fairfax Prem Watsa Brings Hope to RIM’s Restless Shareholders

The arrival of the man known as “the Warren Buffett of North” on Research In Motion’s board this week offers a ray of hope to the BlackBerry maker’s impatient shareholders after their disappointment that an insider was named new chief …

U.S. Ambassador Urges China Not to Interfere in Business

China should allow domestic and foreign companies to make investment decisions without government interference, the U.S. ambassador to China said on Friday. Ambassador Gary Locke also said the United States would work to double exports to China by 2015, and …

Hedge Fund Guru Cohen to Set up Reinsurance Business

Steven A. Cohen, who built one of the world’s biggest and most successful hedge funds, is branching out and plans to set up his own reinsurance firm, two people familiar with the matter said. Cohen, who runs $14 billion SAC …