insurance


Reinsurer acquired by AIG plans foray into Canadian market

Reinsurer acquired by AIG plans foray into Canadian market

A recent acquisition of American International Group Inc. is now aiming to sell insurance to insurers in Canada.Bermuda-based Validus Reinsurance Ltd., whose parent company was bought by AIG for US$5.56 billion last year, is eyeing a Canadian branch, according to notices given in the Canada Gazette.New York-based AIG already operates in Canada through a subsidiary,…


Industry super funds win $11b from retail funds after Hayne scandals

Industry super funds win $11b from retail funds after Hayne scandals

Analysis by consulting firm NMG shows the biggest market mover in 2018 was AustralianSuper, which grew 17 per cent to reach $140 billion in funds under management.AustralianSuper has the largest share of the market at 5.7 per cent.”The recent ascendance is driven by a few things, including the fact that AustralianSuper is clearly one of,…


Warren Buffett says prospects poor for a mega-deal due to sky-high prices

Warren Buffett says prospects poor for a mega-deal due to sky-high prices

Warren Buffett is hunting for “an elephant-sized acquisition,” but he is not optimistic about getting it done.The billionaire investor wrote in an annual letter to shareholders on Saturday that the prospects of landing a mega-deal for his Berkshire Hathaway Inc conglomerate are “not good,” because “prices are sky-high for businesses possessing decent long-term prospects.”It is…