BlackRock Inc., the world’s largest asset manager, said uncertainty about when the Federal Reserve will begin to slow its monthly bond purchases undermined insurers’ confidence about investing in higher-yielding debt.
American International Group Inc. has decided against signing new reinsurance contracts with Berkshire Hathaway Inc. after Warren Buffett’s company started a commercial insurer competing against AIG, according to a person with knowledge of the decision.
American International Group Inc. investors should be able to sue companies that conspired with some of the insurer’s top executives to manipulate its finances, a lawyer told Delaware Supreme Court justices today.
Alleghany Corp. agreed to buy reinsurer Transatlantic Holdings Inc. for $3.4 billion in cash and stock and said it would appoint a former Berkshire Hathaway Inc. executive as chairman of the target company.
Four former General Reinsurance Corp. executives and one at American International Group Inc. are in talks with prosecutors to resolve criminal charges that they defrauded investors, according to a court filing.