European insurance shares rose sharply on Thursday, as Dutch insurer Aegon announced steps to boost capital and reduce risk, while British peer Aviva Plc bolstered its hedges against slumping stock markets. Aegon, which has seen its share price sliced in …
Aon has called for a “new supply dynamic in the food and beverage industry, one that is set within a more robust, productive and sustainable framework,” said a bulletin issued from the broker’s London office. The call came during a …
Liberty Mutual, Safeco Boston-based Liberty Mutual Group finalized its acquisition of Seattle, Washington-based Safeco Corp. on Sept. 22 after entering the agreement in April. While improving its scale and geographic reach, the transaction strengthens Liberty’s standing to fifth largest property …
American International Group Inc. said it plans to keep its commercial property/ casualty and foreign general insurance businesses, while selling off some life insurance business and seeking alternatives for its securities lending business. The company is being forced to sell …
Shockwaves from the global credit crisis spread on Thursday, threatening industry and jobs worldwide and putting pressure on the U.S. Congress to finish up a $700 billion bailout of the U.S. financial sector. The fate of the rescue plan, passed …
Maurice Greenberg, former chief executive of American International Group, has asked the company’s current chief executive, Edward Liddy, for the chance to bid on AIG assets as the company seeks to repay an emergency loan from the federal government. Liddy …
Willis Group Holdings Limited has completed its $2.1 billion acquisition of Hilb Rogal & Hobbs Company (HRH), one of the world’s largest insurance and risk management intermediaries. The move doubles Willis’ revenues and geographic presence in North America and strengthens …
The Kazakh unit of AIG said on Tuesday it had no intention of selling its insurance business in the Central Asian state. On Monday, Kazakhstan’s No.1 insurer Eurasia said it had made a formal offer to buy the Kazakh unit …
Amercian International Group is selling its stake in a London airport. Global Infrastructure Partners (GIP) said it has entered into a definitive agreement to acquire AIG-Financial Products’ 50 percent interest in London City Airport. The transaction is expected to close …
Fortis, the Belgian-Dutch banking and insurance giant, faced a takeover or break-up as European Central Bank President Jean-Claude Trichet held emergency talks with Dutch and Belgian lawmakers to restore faith in the Belgian-Dutch financial group. Trichet, who as ECB [European …
