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 …
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 …
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 …
California Insurance Commissioner Dave Jones announced today that since he took office in January, insurance companies and other investors have made $23.6 million in investments in under-served communities. Commissioner Jones sent a letter in February to insurance company CEOs encouraging …
Patriot National Insurance Group, a workers’ compensation provider, said it has received $30 million in equity funding from Six Points Investment Partners LLC. Steven M. Mariano, chairman and chief executive officer of Patriot National Insurance Group said that with this …
Five Japanese life insurers say they may buy more unhedged foreign bonds, believing that the yen is likely to weaken and that the currency risks are low enough for them not to take on higher hedging costs, a stance that …
Japan’s Meiji Yasuda Life plans to increase its investment in foreign bonds, focusing on dollar debt, with its confidence in U.S. Treasuries unshaken by the threat of a credit downgrade, a top executive said on Tuesday. Japan’s third-largest private life …
Goldman Sachs has bought a 12.02 percent stake worth more than $900 million in China’s Taikang Life Insurance Co Ltd, giving the Wall Street giant a foothold into the world’s biggest insurance market. Goldman’s long-overdue purchase could pave the way …
As bailed-out insurer American International Group prepares to return to the public markets, some say it needs a sign from an eminent authority that it is a company with solid operations and a stock worth an investment of hard-earned money. …
