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5.1 Magnitude Southern Calif. Quake Forced Some Weekend Evacuations
A moderate earthquake that rattled a swath of Southern California forced several dozen people in one community out of their homes after firefighters discovered foundation problems that made the ...Watford Re Readies for Business; Best Assigns Ratings, Stable Outlook
In a statement Wednesday, Bermuda-based Watford Holdings Ltd. said it expects that reinsurance operations of its wholly-owned subsidiary Watford Re Ltd., will start up soon, following the recent ...Death Toll from Washington Mudslide Expected to Rise
The death toll from a massive mudslide in Washington state is expected to increase as crews continue to search through the soupy, debris-laden field and rainy conditions complicate matters for ...Delaware Chief Justice Wants to Limit Shareholder Powers
Leo Strine, the chief justice of Delaware's Supreme Court, has proposed rolling back shareholder powers to prevent a "deluge" of corporate governance votes, the Financial Times reported on Monday. ...Axis Capital Names Gressier Chief Operating Officer; Reding Retires
Axis Capital Holdings Ltd., the Bermuda-based insurer and reinsurer, promoted John "Jack" Gressier to chief operating officer, replacing Dennis Reding, who's retiring from the post at 65. Gressier, ...
Canadian Pension Board Acquires Wilton Re for $1.8 Billion
The Canada Pension Plan Investment Board (CPPIB) said on Friday it agreed to buy U.S. life insurance and reinsurance provider Wilton Re Holdings Ltd for $1.8 billion from a group of private equity ...Apollo’s Insurer Athene Looks to Raise $1 Billion for Acquisitions
Athene Holding Ltd., the insurer controlled by Leon Black's Apollo Global Management LLC, doubled its capital-raising goal to $1 billion to add funds for acquisitions. The insurer plans to finalize ...
Aviva Hit With $221 Million Cost From Improper Hedge Fund Trades
Aviva Plc took a 132 million pound ($221 million) charge after saying two former employees breached its trading policy since 2006 to the benefit of external hedge funds. The insurer, which on ...