Monthly Archives: <span>August 2014</span>

India Landslide May Leave No Survivors as Death Toll Rises to 61

The death toll from a landslide triggered by torrential rains this week in India’s western Maharashtra state rose to 61 with 110 missing people feared dead, a government official said. Among the dead were 10 children, Ganesh Patil, additional district …

Direct Line in Talks to Sell Italy, Germany Units; Shares Surge

Direct Line Insurance Group Plc, the U.K.’s biggest home and motor insurer, said it was in talks to sell its units in Germany and Italy. The shares climbed the most since its initial public offering in October 2012. The discussions …

AXA First-Half Profit Rose 22%, Led by Life & Savings Unit

AXA SA, France’s largest insurer, said first-half profit rose 22 percent, buoyed by improved earnings from selling life insurance and savings products. Net income rose to €3 billion ($4 billion) from €2.47 billion [$3.3 billion] in the previous year, the …

Allianz Poised to Reappoint Diekmann as CEO, but Considering Successors

Allianz is poised to reappoint Michael Diekmann as chief executive in October, investors believe, possibly delaying tough choices on whether Europe’s largest insurer expands its global presence or returns more cash to shareholders. The German group has grown to become …