Global Economy
RSA Will Battle Ex-Executive’s Unfair Dismissal Allegation
RSA Insurance Group Plc said it will fight a constructive dismissal case filed by the former head of its Irish unit, who stepped down more than a year ago amid an accounting scandal. Philip Smith, ...
AIG to Grow in Ireland With a Health Insurer Acquisition
American International Group is expanding its health insurance offerings with a new acquisition in Ireland. AIG said it will buy Layla Healthcare, Ireland's second largest health insurer, and that ...
Hamilton Insurance Brings in Torus Vet To Develop Lloyd’s Business
Hamilton Insurance Group is bringing in the former head of Torus Insurance Holdings Ltd.'s international operations to lead development of its Lloyd's business, which will also be renamed. Dermot ...
South African Floods and Torrential Rains Kill Hundreds
The likely death toll from flooding and torrential rain in Mozambique, Malawi and the Indian Ocean island of Madagascar reached the 260 mark, with almost 300,000 people driven from their homes. ...
Global Nuclear Accident Compensation Fund Launches With Japan Signing
Japan signed on to a global nuclear- compensation treaty in Vienna that will create a fund to help victims of accidents like the one that devastated Fukushima Dai- Ichi in 2011. The Convention on ...
RSA Reportedly Exploring Sale of Middle East Unit
RSA Insurance Group Plc is considering the sale of its Middle Eastern business as the U.K. insurer seeks to raise capital, people with knowledge of the matter said. RSA, whose operations span Europe, ...
QBE Gains Ratings Upgrade From A.M. Best as Revamp Continues
QBE Insurance Group got a ratings upgrade from A.M. Best for operating subsidiaries in the United Kingdom, Australia and North America, reflecting a positive response to the company's ongoing revamp. ...
U.S. Rules on Cuba Ease Travel, Trade, Insurance Restrictions
The United States rolled out a sweeping set of measures on Thursday to ease the half-century-old embargo against Cuba, opening up the country to expanded travel, trade and financial activities. ...