Insurance News

Poland maintains its plan to raise 7 billion zloty ($2.3 billion) from state-asset sales next year and has no intention to sell stakes in PKO Bank Polski SA and insurer PZU SA in 2011, Treasury Ministry spokesman Maciej Wewior told Bloomberg by phone, commenting on the Rzeczpospolita report today.

Li Lu , the hedge-fund manager who helped Berkshire Hathaway Inc. find profits in China, may push Warren Buffett ’s investment company to make more deals outside the U.S. if he takes a role at the company.

New York Attorney General Andrew Cuomo subpoenaed Genworth Financial Inc. , Unum Group and an insurer acquired by France’s Axa SA as the state widens a life- insurance fraud probe, said a person briefed on the demands.