Emerging Markets
The Hanover Completes Sale of Chaucer Biz to China Re
The Hanover Insurance Group heads into 2019 free of its Chaucer international specialty business. That's thanks to China Reinsurance Group, which closed its purchase of the division on Dec. 28, ...
Generali Nearly Doubles Investment in Indian Insurance Joint Venture
Generali Group has finalized plans to nearly double the stake in its Indian insurance joint venture with Future Group. Its investment will jump from 25.5 percent to 49 percent, representing a ...
AIA, PCI Members Approve Merger; Combined Group Debuts on Jan. 1
Members of the Property Casualty Insurers Association of America and the American Insurance Association have approved a merger that takes effect in 2019, and the combined organization is set to have ...
Clues From Massive Marriott Hack Reportedly Implicate China
Hackers behind a massive breach at hotel group Marriott International Inc left clues suggesting they were working for a Chinese government intelligence gathering operation, according to sources ...
Executives On The Move at AIG and Swiss Re
American International Group appointed a veteran of MetLife Japan to lead its Asia Pacific General Insurance arm. Swiss Re Corporate Solutions promoted an executive to be head of Excess & Surplus ...
#MeToo Era Leaves Male Execs Forming Controversial Strategies Covering Interactions With Women
No more dinners with female colleagues. Don't sit next to them on flights. Book hotel rooms on different floors. Avoid one-on-one meetings. In fact, as a wealth adviser put it, just hiring a woman ...
Allianz, Mitsui Sumitomo Reportedly Finalists in Bid for Malaysia Auto Insurer
Allianz Malaysia Bhd. and Mitsui Sumitomo Insurance Co. have been shortlisted to proceed to the next round of bidding for AmGeneral Insurance Bhd., in a deal that could value Malaysia's ...
AXA’s $15B XL Acquisition Enables It to Raise Profit Goals, Target Asia Markets
AXA, Europe's second-biggest insurer, expects its profitability to improve in the next two years thanks to U.S. business brought in by its new XL arm, and said it would now focus on expanding in ...