Global Economy
Allianz’s PIMCO, Others, Sue 16 Big Banks In U.S., Alleging Currency Market Rigging
A group of large institutional investors including BlackRock Inc and Allianz SE's Pacific Investment Management Co has sued 16 major banks, accusing them of rigging prices in the roughly $5.1 ...
Generali Beats Expectations as 9-Month Net Profit Rises 27 Percent
Italy's top insurer Generali said on Thursday its net profit in the first nine months of the year rose 26.8 percent to beat expectations, lifted by stronger life premiums and disposals. Net profit ...
Zurich, Hammered by Storm Losses, Boosts 9-Month Revenue
Zurich Insurance posted a 2 percent rise in nine-month property and casualty premiums and confirmed its financial targets on Thursday despite a hit from larger-than-expected natural catastrophe ...
14 Commercial Insurance Lines Face Upward Pricing Pressure in 2019: Willis Towers Watson
Expect upward pricing pressure on 14 commercial insurance lines in 2019, with likely decreases in another two, Willis Towers Watson predicts in its latest report. Higher losses in casualty insurance ...
Brexit Talks Near Final Stages as UK Cabinet Briefed on Deal Details
U.K. Prime Minister Theresa May has begun briefing her Cabinet on the text of the almost-complete Brexit deal, as her negotiators seek to finalize the last outstanding issue in Brussels. Senior ...
JLT Shareholders Sign Off on Planned Marsh & McLennan Acquisition
Marsh & McLennan Cos. Inc. said its $5.6 billion acquisition of broker Jardine Lloyd Thompson Group plc has been approved by JLT's shareholders. Of those shares voted, 99.9 percent voted in favor ...
AIG Will Exit Iran-Related Cargo Insurance Biz, Thanks to Trump Sanctions
American International Group Inc is exiting business activities in Iran that came with a subsidiary it acquired and which now butt up against the sanctions against Iran that have been reimposed by ...
Sirius International Is Now a Public Company, Thanks to Easterly Merger
Sirius International Insurance Group Ltd. is now a public company. The global multiline insurance and reinsurance group accomplished this by closing its previously announced merger with special ...