Anbang Insurance Group Co., known for its aborted attempt to buy Starwood Hotels & Resorts Worldwide Inc. in March, is turning its attention from chasing deals to digesting $13.5 billion of overseas acquisitions announced since 2014. The company will focus …
Hurricane Newton made landfall Tuesday morning in northwest Mexico and will probably cause damage from heavy rain. Cabo San Lucas, a popular tourist destination, will be hit by winds moving as fast as 90 miles (144 kilometers) an hour, according …
Aegon NV is seeking a new chief financial officer to replace Darryl Button, who is leaving the insurer after three years in the post. A thorough process is underway to select a successor, Aegon said in a statement on Tuesday. …
Reinsurers’ profits will soon drop below their cost of capital* and could remain there until the underwriting and/or investment cycles turn, according to Standard & Poor’s in a new report. S&P attributed this pressure on profitability to a combination of …
AXA SA is considering cutting 650 jobs in Belgium over the next two years, as Europe’s second-largest insurer overhauls its range of products sold in the country. AXA Belgium has presented the plan to unions Monday, Jef Van In, head …
Lloyd’s of London and other insurers will be forced to move part of their businesses to the European Union if they fail to access the single market following Britain’s decision in June to leave the bloc, Chairman John Nelson said …
American International Group (AIG) is seeking to raise about $190 million by selling its remaining shares in China’s PICC Property and Casualty Co Ltd, according to a term sheet of the deal seen by IFR on Saturday. AIG is offering …
Everest Re Group, Ltd. announced that Robert Schaetti will join the Zurich branch of Everest Re Group as head of Casualty Underwriting. Schaetti joins Everest Re from Partner Re where he most recently served as head of liability and medical …
Blockchain, the technology behind Bitcoin and other digital currencies, isn’t quite as novel or omnipotent as many have advertised it to be. That doesn’t mean, however, that it can’t do wonders in the world of finance. The World Economic Forum …
Brazilian prosecutors are finalizing a criminal investigation into the Samarco mine disaster and expect to ask a judge by the end of September to charge employees, one of the prosecutors heading the case said. The investigation is looking into alleged …
