Property & Casualty Insurance

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American International Group acquires first principles capital management

Tuesday, 28 Jul 2015 08:30am EDT

American International Group:Acquires first principles capital management.Says AIG is acquiring first principles, a privately held investment management firm.Says terms of the transaction were not disclosed.Says the transaction is expected to close in the third quarter of 2015.

White Mountains Insurance Group to sell Sirius to cmi

Monday, 27 Jul 2015 08:00am EDT

White Mountains Insurance Group:Says To sell Sirius to cmi.Purchase price to be paid equal to 127.3% of sirius's closing date tangible common shareholder's equity plus $10 million.Says deal for about $2.24 billion.Says expects that the transaction will increase its adjusted book value by approximately $65 per share.Says the transaction is expected to close within six months.Signed a definitive agreement to sell Sirius International Insurance group, ltd to cm international holding pte ltd.

Berkshire Hathaway Inc's McLane Foodservice to Pay $40,000 to Settle EEOC Disability Discrimination Lawsuit - EEOC

Wednesday, 22 Jul 2015 08:00pm EDT

Berkshire Hathaway Inc's:Says has agreed to pay $40,000 to settle a disability discrimination lawsuit brought by the U.S. Equal Employment Opportunity Commission.According to EEOC's suit, McLane violated the Americans with Disabilities Act (ADA) by refusing to hire an applicant because it regarded him as disabled and because the applicant had a record of a disability, having had heatstroke and renal failure.Says besides the $40,000 in monetary relief, the two-year consent decree settling the lawsuit enjoins McLane from refusing to hire applicants because of a disability in the future.The decree also requires McLane to provide training on disability discrimination in the work-place, maintain records of any complaints of disability discrimination, and provide annual reports to EEOC.


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Provider: Renaissance Capital
Provider: Edison Investment Research
Provider: Zacks Investment Research Inc.
Provider: GlobalData
Provider: Wright Reports

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