recapitalization News

Consolino Named President, CEO of Newly Capitalized Core Specialty Insurance

Cincinnati, Ohio-based Core Specialty Insurance Holdings Inc. (Core Specialty) has completed its recapitalization of StarStone U.S. Holdings Inc. (StarStone U.S.) and named Jeff Consolino as president and CEO. In a media release, the company said the recapitalization was led by …

Wholesale Broker AmWINS Agrees to $1.3 Billion Recapitalization with New Mountain

Wholesale insurance broker AmWINS Group Inc. announced today that its management and employee shareholders have agreed on a $1.3 billion recapitalization with private equity firm New Mountain Capital of New York. Other terms of the transaction were not disclosed. “This …

AIG Chooses Four Banks to Manage Share Sale

American International Group (AIG) chose Bank of America , Deutsche Bank AG, Goldman Sachs Group Inc. and JPMorgan Chase & Co., to manage the sale of the government’s 92 percent stake in the insurer, a person familiar with the situation …

AIG Recapitalization Deal Closes

The recapitalization of bailed-out insurer American International Group Inc. closed last Friday, leaving the government with a 92 percent stake that it plans to sell quickly. Bankers were buzzing Friday about how soon that might happen, with at least one …