Image via Wikipedia Berkshire Buys Life Reinsurance Unit From Sun Life By Andrew Frye and Sean B. Pasternak – Oct 27, 2010 12:12 PM MT Berkshire Hathaway Inc. agreed to buy a business backstopping life insurance policies from Sun Life Financial Inc. as Chairman Warren Buffett increases bets on reinsurance. The business has about 70 [...]
RBC CEO: ‘Unhealthy Relationship’ Between Banks, Regulators – WSJ.com
OCTOBER 26, 2010, 11:43 A.M. ET RBC CEO: ‘Unhealthy Relationship’ Between Banks, Regulators NEW YORK (Dow Jones)–Royal Bank of Canada (RY) chief executive Gordon Nixon expressed concern about “the unhealthy relationship” between the financial industry and regulators Tuesday. In a panel discussion at The Buttonwood Gathering that focused on U.S. banking regulation, Nixon said regulators [...]
Immigrants vital to innovation: RBC chief – The Globe and Mail
Image via Wikipedia RICHARD BLACKWELL From Friday’s Globe and Mail Published Thursday, Oct. 28, 2010 12:18PM EDT Last updated Thursday, Oct. 28, 2010 5:58PM EDT New immigrants will play a vital role in creating a culture of innovation in Canada, the head of the country’s biggest bank says. Speaking at a conference on innovation Thursday, [...]
No word yet on Liberty Life job outlook in Greenville | greenvilleonline.com | The Greenville News
word yet on Liberty Life job outlook in Greenville BY DAVID DYKES • STAFF WRITER • PUBLISHED: OCTOBER 26. 2010 2:00AM E-mail this article Share The future of 200 Liberty Life Insurance Co. jobs in Greenville remained unknown Monday following the announcement the company is being acquired by a Bermuda-based company for $628.1 million. Athene [...]
What is Reinsurance: Answers for RBC Sale of Liberty Life to Athene Holdings
Reinsurance means one insurance company purchasing coverage from a second insurance company for a risk that the first insurance company is insuring. The best way of explaining this is through an example. Big City Life Insurance Company has written a $10 million life insurance policy on the life of Mr. Moneybags, the industrial tycoon. Big [...]
Athene To Buy Liberty Life For $628 Million | Bernews.com
Athene To Buy Liberty Life For $628 Million October 22, 2010 by bernews · Leave a Comment Bermuda-based Athene Holding Ltd has signed an agreement to acquire Liberty Life Insurance Company, a subsidiary of Royal Bank of Canada, for $628.1 million, which is less than Royal paid for the business a decade ago. The transaction [...]
James Belardi, “The Mount Profile”, CEO of Athene Holdings, purchaser of RBC’s Liberty Life
James R. Belardi, a member of the Board’s Finance Committee, is executive vice president and chief investment officer of AIG SunAmerica Inc., and serves on its board of directors. He is also president of SunAmerica Life Insurance Company in Los Angeles.
Dow `Super Boom’ to Drive Average to 38,820 by 2025, Hirsch Says – Bloomberg
Play Video Sept. 27 (Bloomberg) — Jack Ablin, chief investment officer at Harris Private Bank, talks about the outlook for the stock market and investment strategy. Ablin, speaking with Betty Liu, Jon Erlichman and Sheila Dharmarajan on Bloomberg Television‘s “In the Loop,” also discusses gold prices and the performance of the U.S. economy. (Source: Bloomberg) [...]
Vanguard Launches Second Assault on iShares — Seeking Alpha: The Death of Active Management Wade Dokken
For the second time in as many weeks, Vanguard has launched a wave of broad market style-box ETFs aimed at unseating its largest rivals. Vanguard declared war in its fight for ETF supremacy two weeks ago by targeting both SPDRs and iShares with the launch of nine ETFs covering the S&P index style boxes. Yesterday’s [...]
