Global Economy
Swiss Voters Reject Strictest Executive Pay Limits in Ballot
Swiss voters rejected a proposal to limit executives' pay to 12 times that of junior employees yesterday, a measure that would have gone further than any other developed nation. The measure was ...
German Finance Minister Vows to Help Insurers Burdened by Low Interest Rates
German Finance Minister Wolfgang Schaeuble issued an unusual warning to the European Central Bank on Thursday, saying rate decisions must not offer "false stimulus" and that monetary policy alone ...
State Farm Sold 23 Buildings in Leaseback Deal with Lone Star
Lone Star Funds, the private-equity firm led by Chairman John Grayken, bought 23 buildings from State Farm Mutual Automobile Insurance Co. and will lease them back to the largest U.S. ...
Swiss Re Acquiring Stake in Brazil’s Sul America
Swiss Re Ltd., the world's second- largest reinsurer, agreed to buy an 11 percent stake in Sul America SA from ING Groep NV to expand in Brazil. The reinsurer will also purchase a 3.8 percent holding ...
Zurich Insurance Investing $1 Billion in Green Energy Bonds
Zurich Insurance Group AG, Switzerland's biggest insurer, said it will spend as much as $1 billion on green bonds, making it the largest investor in such clean-power securities. The insurer has ...
European Insurers Relieved By Less Burdensome Solvency II
European insurers breathed a sigh of relief on Thursday that a deal on new capital requirements was less burdensome than initially feared, ending an uncertainty which has been hanging over the sector ...
Allianz Looks to Boost U.S. Presence, Improve Fireman’s Fund: Bhojwani
Allianz SE, Europe's largest insurer, said it is committed to bolstering operations in the U.S. after international rivals scaled back in the country. "It is a monster market," Gary Bhojwani, the ...
Liberty Mutual to Enter Mexico with Purchase of Surety Company
Liberty Mutual Insurance said it will acquire Mexican surety company Primero Fianzas from Grupo Valores Operativos Monterrey, a private investor group. The company said the acquisition will enable ...