Allianz SE said strong growth across its businesses lifted second-quarter profit as Europe’s largest insurer keeps the market waiting on any acquisitions it will undertake. The gains help keep Allianz on track to meet its full-year earnings targets, Europe’s biggest …
Ten years after faulty mortgages upended the global financial system, Wells Fargo & Co. agreed to pay $2.09 billion to settle a U.S. probe into its creation and sale of loans that contributed to the disaster. The long-anticipated penalty, announced …
Cigna Corp. said on Thursday it was confident of winning shareholder approval for its $52 billion Express Scripts buyout, a day after reports that investor Carl Icahn had picked up a stake in the insurer and was planning to vote …
American International Group Inc on Thursday reported a 17 percent fall in quarterly profit as its general insurance business failed to show improvement, missing analysts’ expectations. AIG shares fell more than 5.5 percent to $52.15 after hours. Chief Executive Brian …
Pricing pressure in the reinsurance industry weighed on Swiss Re’s first-half earnings, overshadowing a drop in natural-catastrophe claims. The company said it’s exploring an initial public offering for its U.K. closed-book business. Swiss Re’s net income fell to $1 billion …
QBE North America has expanded its operating agreement with Jorgensen & Co., a specialist professional liability managing general underwriter, to offer errors and omissions insurance on an admitted basis to small, independent registered investment advisory firms, or RIAs, and registered …
No one was hurt when several cars on a freight train derailed in South Carolina. York County Emergency Management Director Chuck Haynes told news outlets that a Norfolk Southern train had several cars derail around 7 a.m. Wednesday east of …
A Mississippi poultry supplier will pay $3.75 million to Hispanic workers, ending an eight-year legal fight. The Clarion Ledger reports Koch Foods of Mississippi LLC agreed to settle a lawsuit filed by 11 workers at its Morton plant, as well …
Alliant Insurance Services has added Georgia benefits veteran Josh Segars to its team in the Southeast. As senior vice president within the company’s Employee Benefits Group, Segars will design and deploy customized employee benefits programs for Alliant’s growing regional client …
California’s Carr wildfire has the potential to yield losses of up to $1.5 billion, according to a Moody’s report issued on Thursday. The fire has ravaged parts of Shasta County in or near Redding in the Northern part of the …
