Global Economy
AIG’s Restructuring Efforts Earn Ratings Affirmation From Fitch
AIG ongoing focus on restructuring and deleveraging got a vote of confidence from Fitch Ratings. Fitch affirmed the insurer financial strength ratings of American International Group's ...
Brexit Aftermath: Insurers, Other London Financial Groups Warm to Dublin
Ireland says the Brexit vote has led to a jump in enquiries from London firms considering opening offices in Dublin, one of a handful of European cities trying to draw business away from Britain's ...
Report: Tokio Marine in Talks to Buy RHB’s General Insurance Arm
Tokio Marine Holdings Inc is in exclusive talks to buy RHB Bank's general insurance unit in a deal that also includes an agreement to distribute the Japanese insurer's products through the Malaysian ...
UK PM Will Give Parliament Say on Brexit Trigger
U.K. Prime Minister Theresa May plans to give Parliament "a say" on starting the formal process for withdrawing from the European Union, her spokesman said, though he declined to say whether ...
Navigators Group Restructures Global Claims Leadership With AIG, Chubb Vets
The Navigators Group Inc. has restructured its leadership team for its global claims organization. Glen Bronstein has been promoted to the newly created role of global chief claims officer. Bronstein ...
Bitcoin Exchanges Face Growing Cyber Hacking Risks
When hackers penetrated a secure authentication system at a bitcoin exchange called Bitfinex earlier this month, they stole about $70 million worth of the virtual currency. The cyber theft -- the ...
Ambac Shareholder Pushes for Review of ‘Strategic Alternatives’
Shareholder Joseph Pirinea said on Monday he was pushing bond insurer Ambac Financial Group to hire an investment bank to review strategic alternatives. Pirinea said the review should include the ...
China Online P/C Insurer Mulls U.S., Hong Kong IPO
Zhongan Online P&C Insurance Co., with more than 400 million customers, is targeting an initial public offering in the next 12 to 18 months as it targets winning over more younger consumers. ...