Wall Street brokers have started selling insurers’ claims tied to Los Angeles’ deadly wildfires, which may trigger a payout from the utilities blamed for the destruction, according to people familiar with the matter. Investors are buying so-called subrogation claims, obtaining …
One of Wall Street’s top cybersecurity czars is leaving Goldman Sachs Group Inc. to help take charge of the cleanup at Capital One Financial Corp., which was left reeling after one of the largest data breaches at a major U.S. …
Warren Buffett’s entry into the bidding for Transatlantic Holdings is drawing fresh attention to the reinsurance industry, which specializes in writing insurance for insurers in a way that frees up those companies to take on more risk. With cheap valuations …