Markets
Swiss Re Unit Increases Life Insurance Holdings with $2.5B Guardian Buy
Swiss Re's business unit Admin Re is acquiring Guardian Holdings Europe Ltd. from buyout firm Cinven for 1.6 billion pounds ($2.5 billion) to increase its portfolio of U.K. life-insurance policies. ...
China’s President Pledges Cyber Security Cooperation and Resolution
Chinese President Xi Jinping opened his U.S. visit by seeking to ease concerns on almost every dispute between the two powers, even expressing readiness to cut a deal on one of the thorniest issues, ...
Insurers Stand to Win by Marketing to Women Globally: AXA and IFC
Women will become a vital customer base for insurers in the coming years as they play an increasing role in economic growth within emerging and other global markets. That's what the French insurer ...
Volkswagen: 11 Million Cars Affected by Falsified U.S. Vehicle Emission Tests
Volkswagen AG said a scandal over falsified U.S. vehicle emission tests could affect 11 million of its cars worldwide as investigations of its diesel models multiplied, heaping fresh pressure on CEO ...
Executives On The Move at Infinity, Endurance and Marsh & McLennan
We have new promotions and appointments to tell you about at Infinity Property and Casualty Corp., Endurance Specialty Holdings, Ltd., and Marsh & McLennan: *** Infinity Property and Casualty ...
Ex Peanut Corp. CEO Gets 28 Years For His Role in Salmonella Outbreak
Former Peanut Corp. of America Chief Executive Officer Stewart Parnell was sentenced to 28 years in prison for his role in shipping salmonella-tainted products linked to nine deaths in 2009. Parnell, ...
Zurich May Have Backed Away, but RSA CEO Expects Other Bidders
RSA Insurance Group Plc Chief Executive Officer Stephen Hester said the company will attract bids from other suitors after Zurich Insurance Group AG abandoned its 5.6 billion-pound ($8.7 billion) ...
Beazley, Aspen and Brit Unveil Joint Cyber Consortium at Lloyd’s
Beazley has joined forces with Lloyd's syndicates managed by Aspen and Brit Global Specialty to launch the International Cyber Consortium. The consortium will focus on providing robust data breach ...