Global Economy
Ping An’s One Connect Arm Goes Public in U.S. With Reduced Targeted Offering
Ping An Insurance's OneConnect Financial Technology launched a U.S. initial public offering (IPO) of up to $504 million on Tuesday, reducing both its target offering size and valuation. The unit of ...
Price Disputes Stall Generali’s Talks to Buy MetLife Europe Assets
Assicurazioni Generali SpA's talks over the purchase of MetLife Inc.'s European assets have stalled over price, people with knowledge of the matter said. The Italian insurer was preparing to make a ...
Passion Makes for Happier Employees and More Successful Companies
In the workplace, a sense of duty is one thing. Passion may be more valuable quality to strive for, however, for employees and the executives who supervise them. A recent posting at the Chief ...
The Latest Launches From BHSI and Cyberscout
Berkshire Hathaway Specialty Insurance is launching a new Commercial Crime Insurance product in Asia. Cyberscout said it is expanding its Global Incident Response offering.
Climate Change Stress Tests Coming in France for Insurers, Banks
France's financial regulator will subject banks and insurers to climate change stress tests next year, central bank governor Francois Villeroy de Galhau said on Friday. Investors are increasingly ...
Volkswagen Confronts Giant UK Emissions Class Action Lawsuit
Volkswagen AG is facing one of the largest-ever U.K. class action lawsuits, with almost 100,000 vehicle owners accusing it of misleading them by installing emissions-cheating software that made it ...
China’s Ping An Insurance Plans $500M U.S. IPO for OneConnect Arm
Ping An Insurance's OneConnect Financial Technology plans to launch a U.S. initial public offering (IPO) for about $500 million on Tuesday, people with knowledge of the matter said, reducing both its ...
Zurich CEO Greco Reportedly Knocks Cross-Border Mergers
The European insurance sector is too fragmented but large cross-border deals are not the solution to the problem, the head of Europe's fifth-biggest insurer Zurich said in a newspaper interview on ...
Executives On The Move at Everest Insurance and AmTrust Financial Services
Everest Insurance added four new executives to its Financial Lines Team as part of a broader expansion of the line. AmTrust Financial Services appointed a new Head of Litigation.