International
AIG Loses Money Again, With Natural Disaster Costs to Blame
Catastrophe losses in Japan and North America pushed American International Group to a net loss of $1.3 billion for the third quarter of 2018 compared to a net loss of $1.7 billion in the prior-year ...
For RenRe CEO O’Donnell, Acquiring Tokio Millennium Re Is All About Independence
RenaissanceRe's planned $1.5 billion purchase of Tokio Millennium Re (TMR) reinforces its strategy of being an independent reinsurer, according to Kevin O'Donnell, president and CEO of RenRe. "The ...
Mudslides Following Typhoon Yutu Devastation in Phillippines Kill 10 People
At least 10 people were killed and about 20 are missing in a trail of landslides in the mountainous region of northern Philippines after the devastation caused by Typhoon Yutu, according to ...
Suit Alleges Tesla Overstated Autopilot Safety
Tesla Inc. was accused in a lawsuit of misleading consumers into believing that the Autopilot system on its cars can safely transport passengers at highway speeds. A Model S driver who was injured in ...
Global Insurance M&A Activity Rose in H1 2018, Fueled By Mega Deals
Global insurance mergers and acquisitions rose to 37 billion euros in the first six months of 2018, with a host of mega deals resulting in the highest first-half total since the financial crisis, a ...
Buying Instead of Selling, RenRe to Acquire Tokio Millennium Re for $1.5B
Less than two months after one of RenaissanceRe's shareholders urged the Bermuda-based reinsurer to consider putting itself up for sale, the company announced it will buy another reinsurer ...
No-Deal Brexit Won’t Block Banks From London Clearing, Says EU
The European Union said it won't allow a no-deal Brexit to cut the bloc's banks off from London's crucial financial infrastructure, which would put trillions of dollars of derivatives contracts at ...
RMS Lists Top 10 ‘1-in-100-Year’ Events for Asia Pac Region
The Asia Pacific region remains highly vulnerable to major catastrophes, RMS said yesterday, announcing a list of 10 "1-in-100-year" events possible in the vast area that includes the Pacific Ring of ...