Emerging Markets
Taiwan Arrests Developers of Apartment Building Destroyed in Quake
A Taiwanese court on late Tuesday approved the detention of three people involved in constructing an apartment building that collapsed in a deadly earthquake at the weekend. Lin Ming-hui, the former ...
Report: AIG May Exit At Least 50 Percent of Hedge Fund Investments
American International Group Inc. plans to exit at least half the hedge funds in which the insurer is invested, according to people familiar with the company's portfolio. The insurer has holdings in ...
Insurers Kept Their Faith in Allianz’s PIMCO During Transition
While investors pulled funds from Pacific Investment Management Co. in the wake of co-founder Bill Gross's departure, yield-hungry insurance companies kept faith with the company. "Last year the ...
France’s AXA Invests $85M in Africa-Based Online Insurance Seller
AXA SA plans to invest 75 million euros ($84 million) in Africa Internet Group, the Nigerian owner of online businesses including retailer Jumia, as France's biggest insurer extends its product ...
Russia Raid Appears to Have Disrupted Cyber Crime Ring
Russian authorities in November raided offices associated with a Moscow film distribution and production company as part of a crackdown on one of the world's most notorious financial hacking ...
Insurance Information Institute President Robert Hartwig Will Depart in August
Robert Hartwig – longtime leader of the Insurance Information Institute – is stepping down this August. Hartwig has been I.I.I. president since 2007 and was also the organization's chief ...
Beazley CEO Cautions Robust 2015 Profit Levels Are Not Sustainable
Beazley Plc Chief Executive Officer Andrew Horton said the company's return on equity of 19 percent in 2015 isn't sustainable against a backdrop of increased competition and falling insurance rates. ...
XL Catlin Ends 2015 on Firmer, Post-Merger Solid Ground
The creation of XL Catlin in mid-2015 through a $4 billion deal put in place significant new scale and market reach for the combined insurer and reinsurer. With that in mind, parent XL Group's Q4 and ...