Marsh & McLennan will take a minority stake in Juniperus Capital, which specializes in catastrophe bonds and other capital markets insurance products, Juniperus and its private equity backer Aquiline Capital Partners.
The Bermuda Stock Exchange aims to attract more listings of catastrophe bonds and other insurance-linked securities, taking market share away from its biggest rival, the Cayman Islands bourse, its Chief Executive said on Monday.
The Bermuda Stock Exchange aims to attract more listings of catastrophe bonds and other insurance-linked securities, taking market share away from its biggest rival, the Cayman Islands bourse, its Chief Executive said on Monday.
Mortgage insurer MGIC Investment Corp posted a narrower first-quarter loss as the housing market shows signs of improvement and fewer Americans struggle with their mortgage payments.
Mortgage insurer MGIC Investment Corp posted a narrower first-quarter loss as the housing market shows signs of improvement and fewer Americans struggle with their mortgage payments.
Property insurer Travelers Cos Inc blew past Wall Street earnings estimates for the first quarter and raised its dividend 12 percent as natural disaster losses declined and insurance rates continued to rise after years of weakness.
Berkshire Hathaway Inc. CEO Warren Buffett said he has stage 1 prostate cancer but his condition "is not remotely life-threatening or even debilitating in any meaningful way."
AmWINS Group Inc, the largest wholesale insurance broker in the United States by premiums placed, said it reached an agreement with private equity company New Mountain Capital for a $1.3 billion recapitalization.
The trustee liquidating MF Global's broker-dealer said he may bring civil lawsuits against some of the company's employees in connection with a massive shortfall in customer funds created in the days leading up to its collapse.
A New York judge has ruled that Bank of America CEO Brian Moynihan must testify in a lawsuit brought by bond insurer MBIA Inc. which claims the bank fraudulently induced it to insure risky mortgage-backed securities.