Financial News

Japanese non-life insurers Sompo Japan Insurance and NipponKoa Insurance plan to merge, an industry source said, in the second deal in less than two months in a sector struggling with slumping demand and a dwindling, ageing population. Japan’s non-life insurance …

The Bermuda-based Max Capital Group announced that the return on its alternative investments for the two months ended February 28, 2009 is expected to be approximately 2 percent, or an increase in value of approximately $18 million. Max said the …