Fairfax Financial Holdings Ltd., the Canadian insurer that made its largest acquisition last week, is selling shares in an initial public offering for a fund that will make investments in Africa. The company is seeking to raise as much as …
NN Group NV agreed to buy Delta Lloyd NV for about 2.5 billion euros ($2.6 billion) after its earlier offer for the Dutch insurer was rejected. NN offered 5.40 euros a share in cash for Amsterdam-based Delta Lloyd, the companies …
Chubb announced that Graham Lambourne, currently Global Clients Claims manager, Europe, has been promoted to the role of head of Multinational Claims for Overseas General Insurance. Lambourne will be responsible for further refining and enhancing Chubb’s multinational claims capability, working …
The Insurance Regulatory and Development Authority of India (IRDAI) has granted SCOR “R3 authorization,” allowing the group to open a composite branch office in India to conduct life and P/C reinsurance business. SCOR has been writing business with Indian clients …
Major travel booking systems lack a proper way to authenticate air travelers, making it easy to hack the short code used on many boarding passes to alter flight details or steal sensitive personal data, security researchers warned on Tuesday. Passenger …
A pilot error or a technical fault — not terrorism — is likely to be the cause of the plane crash into the Black Sea, Russian officials said Monday as the nation held a day of mourning for the victims. …
A powerful earthquake shook southern Chile on Sunday, but there were no immediate reports of deaths and only minor known damage. The U.S. Geological Survey put the quake’s magnitude at 7.6 and said it struck at 11:22 a.m. local time …
Israeli courts could demand that companies such as Facebook Inc. remove content deemed as incitement, under a bill that that will head for parliamentary approval amid concerns about free speech. The law would give Israel the tools “to have content …
China will use all necessary means to protect its information security, including the use of its military, striking a hard line in the country’s first strategic report on cybersecurity. Zhao Zeliang, director general of the bureau of cybersecurity for the …
Deutsche Bank AG and Credit Suisse Group AG agreed to pay a combined $12.5 billion to resolve U.S. investigations into sales of the toxic debt that fueled the financial crisis, putting behind them a major dispute that undermined confidence in …
