XL Group and Stone Point Capital joins forces and resources for new investment management unit. XL Group and Stone Point Capital LLC announced the finalization of their new Bermuda-based investment management company for insurance-linked securities and other reinsurance capital market products on Thursday.
Finance/Venture
Development Bank of Kazakhstan to raise US$1 billion through loan sale
Development Bank of Kazakhstan announced plans to raise US$1 billion by selling off bad loans. The Development Bank of Kazakhstan JSC announced that they plan to sell KZT151 billion or US$1 billion worth of bad loans to the Investment Fund of Kazakhstan.
US Crude oil futures slip, the first in five weeks
US crude oil futures suffered its first loss in five weeks as concerns about the slowing Chinese economy continue to haunt the industry.
Meiji Yasuda beats private equity firms in the race to own shares of Thai Life Insurance
Meiji Yasuda Life Insurance announced that it has agreed with Thai Life to buy a 15% stake in the insurer, beating private equity firms KKR & Co, CVC Capital Partners, and Carlyle Group LP to the deal.
Pamplona Capital Management assures financing pledge with Deutsche Bank is in order
A statement by Pamplona Capital said that Deutsche Bank was fully committed to returning the pledged shares upon request.
Latest News
Investment firm Almaz Capital raised a total of US$102 million for its second funding. Russia-focused technology venture investor Almaz Capital has posted a US$102 million total for its second fund according to one of the company's securities filing.
KKR & Co names former Prudential Plc unit head Martin Moore as senior adviser. Private equity firm KKR & co. appointed former Prudential Plc (PRU) property unit director Martin Moore as senior adviser for real-estate affairs, confirmed the company in a statement.
While the roots of crisis are embedded, the ways to avoid and be insulated from their results is entirely within the power of the individual.
The Washington Redskins has signed on BDO USA as its official accounting firm. Consulting organization BDO USA announced earlier today that it has signed a deal with The Washington Redskins as the football league's exclusive accounting firm.
Credit Suisse's investment bank improved group profit but investors remain concerned about the Swiss bank's future.
England & Company has just hired Corey Luskin as Managing Director for its Technology Investment Banking Group.
Hundreds of millions of dollars were stolen from Nasdaq and other companies by computer hackers based in Russia and Ukraine.
Ulmer & Berne LLP has hired Patrick G. King as partner. Ulmer & Berne LLP has hired Patrick G. King, as a partner who will be based in the Chicago office.
IFC infuses US $50 million in Credit Suisse Mexico Credit Opportunities Trust, bringing the trust’s total capital to US $550 million.
