Global Economy
RBS Agrees to Pay Up to $1B to Settle Investor Lawsuits Over 2008 Offering
Royal Bank of Scotland Group Plc moved closer to clearing a backlog of charges for misconduct that have slowed its return to profitability, agreeing to pay as much as 800 million pounds ($1 billion) ...
Updated: Liberty Mutual to Grab Specialty Insurer Ironshore for $3B
Liberty Mutual Insurance has agreed to snatch up specialty lines insurer Ironshore Inc. from Chinese conglomerate Fosun International Ltd. for about $3 billion. The planned acquisition, rumored for ...
A Boss Can Improve Efficiency Relying on Rivals and Even (Healthy) Conflict
Squandered work time can be expensive for companies, to the tune of $15.5 million on average, according to researchers from the Kellogg School of Management at Northwestern University and Ohio State. ...
Hiscox Re Getting Krefta as New CEO; Pinchin Shifting to New Role
Hiscox named a new leader for its reinsurance arm and Bermuda division. The specialist global insurer disclosed that Michael Krefta has been appointed CEO of Hiscox Re and insurance linked ...
D&O Liabilities Are Becoming More Complex Around the Globe: Allianz Report
Company directors and senior managers across the globe are increasingly likely to face costly regulatory investigations, criminal prosecutions or civil litigation, which not only put their company's ...
Insurer Acquirers in M&A Deals See Their Stock Price Soar, Eventually
Mergers and acquisitions have consistently lifted the share price of insurers who pursued the practice, though it takes some patience for the phenomenon to happen. Acquirers have outperformed their ...
Prediction: China Insurers Could Boost Overseas Investment by $100B in 3 Years
Chinese insurers may boost outbound investment by about $100 billion over the next three years, as they seek to diversify risks through buying more overseas securities, private equity and real ...
Brexit Solution? UK Might Pay EU to Keep Single Market Access
The U.K. would consider making contributions to the European Union to secure the best possible access for trade in the bloc's single market, Brexit Secretary David Davis said. Davis said Thursday his ...