Berkshire Hathaway
Allied World and Transatlantic nix mergerPosted by RJ and Makay on Sep 16, 2011 |
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Allied World Assurance Co. Holdings and Transatlantic Holdings, Inc. called off their merger today in the face of overwhelming opposition, and Transatlantic said it might remain independent despite two higher offers currently on the table. Shareholders were to vote on the Allied deal next Tuesday, but it was anticipated that they would vote against it.
Bank of America gets $5 billion injection from Warren BuffettPosted by RJ and Makay on Aug 25, 2011 |
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Bank of America has come to an agreement that has Berkshire Hathaway investing $5 billion in the embattled bank. The private offering comes at a time that has seen Bank of America shares lose 30% the past month amid rumors of capital deficiency. The bank denied those rumors and news of a possible merger with JP Morgan Chase.
Reinsurance business continues to attract investorsPosted by RJ and Makay on Aug 11, 2011 |
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The recent spotlight on Transatlantic Holdings is drawing fresh attention to the reinsurance business. The potential for lucrative fees and quick returns has long made the sector a darling of Wall Street. In a typical year, reinsurers collectively write about $100 billion in new premiums. The amount earned ultimately hinges on the number and scope of major disasters.
Samuel Johnson
