Radian Group Inc. and MGIC Investment Corp. are among mortgage insurers that would need to fill a financial gap under new financial-strength rules proposed by the Federal Housing Finance Agency.
American International Group Inc. and Prudential Financial Inc. told regulators they could divest units and halt policy sales to avoid taking a bailout in a future crisis.
Tower Group International Ltd., the insurer that agreed to be bought by ACP Re Ltd., plunged to a record low amid doubts over whether the deal will be completed.
Tower Group International Ltd., the insurer that agreed to be bought by ACP Re Ltd., plunged to a record low amid doubts over whether the deal will be completed.
Validus Holdings Ltd., the Bermuda- based reinsurer, agreed to buy Western World Insurance Group Inc. for $690 million in cash to expand in specialty lines of coverage in the U.S.
Endurance Specialty Holdings Ltd. began an exchange offer for shares of Aspen Insurance Holdings Ltd. as part of a $3.2 billion effort to acquire the insurer.
Endurance Specialty Holdings Ltd. is pushing to shake up the board of Aspen Insurance Holdings Ltd. after the directors rejected a $3.2 billion takeover offer.
AIG CEO Robert Benmosche has reportedly warned employees against buying homes in the New York area, and told Bloomberg Television the company is moving people out of higher-cost cities to lower-cost U.S. cities and offshore.
Radian Group Inc., the largest U.S. mortgage insurer, raised $258.5 million by selling shares below yesterdays closing price to help pay for the acquisition of Clayton Holdings.