Global Economy
Hannover Re Boosts Access to London Market With Argenta Holdings Acquisition
Hannover Re has agreed to acquire the UK holding company Argenta Holdings plc, a purchase that gives it a Lloyd's syndicate plus additional access to international and London Market business. Neither ...
China’s Anbang Insurance Eyes ‘Cheap’ Investment Assets in Europe
The chairman of China's privately-held Anbang Insurance Group said at the China Development Forum on Saturday he is bullish on investing in Europe despite great uncertainty over issues including ...
UK PM to Pull Brexit Trigger on March 29; EU Will Make Nation Wait
The European Union signaled its intention to keep Theresa May waiting before engaging in negotiations over the U.K.'s exit from the bloc, in an early indication of how the British prime minister will ...
A Struggling AIG Might Need Substantial Pay for Its Next CEO
American International Group Inc.'s new chief executive officer can expect to deal with a volatile industry, pressure from ratings firms and a restless board. And if the past is any guide, the new ...
Departing AIG CEO Hancock Gets $5M in Cash to Stay During Transition
Peter Hancock gets $5 million in cash to stay on as American International Group's chief executive officer while the board searches for his replacement. But the insurer's departing president and CEO ...
After Taking Time to Digest 2016 M&A, Insurers Ramp up for More
Insurers globally saw the number of completed mergers and acquisitions drop 13 percent in 2016 compared to the previous year, with political uncertainty and previous consolidation efforts slowing the ...
Berkshire Hathaway Investors Will Mull Resolutions Opposed by Chairman Warren Buffett
Berkshire Hathaway Inc. investors will have a chance to vote on three shareholder resolutions opposed by Chairman Warren Buffett and his board, including a call for the firm to disclose any political ...
Japan’s Government Ruled Liable for Fukushima Nuclear Disaster
A court in Japan on Friday ruled that Tokyo Electric Power (Tepco) and the government are liable for negligence in a case involving compensation for the Fukushima nuclear disaster, the first time the ...