International
Germany Pushes Back Against UK Govt. Demands for Financial Firms’ Post-Brexit Access
The European Union won't rush to enhance market access for financial firms outside the bloc, a senior German official said, pushing back against key U.K. government demands in the Brexit ...
Tropical Storm Gordon Weakens to Tropical Depression, Missing Hurricane Predictions
Gordon was rapidly weakening to a tropical depression after coming ashore near the Alabama-Mississippi border late Tuesday and killing at least one person while knocking out power to thousands. The ...
French Reinsurer SCOR Turns Back Investor’s $9.6B Takeover Bid, Tickling Shareholders
French reinsurer Scor SE spurned an 8.3-billion-euro ($9.6 billion) unsolicited takeover offer from its biggest shareholder, Covea, which said it's still interested in pursuing a deal. Scor shares ...
Munich Re Will Buy an IoT Startup Focused on Business Clients’ Digital Needs
Munich Re said it will acquire relayr, an Internet of Things-focused software company the reinsurer claimed is valued at $300 million. The acquisition is taking place through Munich Re subsidiary ...
Specialist Broker Verlingue Boosts UK Presence With ICB Group Acquisition
Specialist corporate insurance broker Verlingue said it has acquired independent U.K. broker ICB Group. Financial details of the deal were not released. With the acquisition of Egham, England-based ...
Markel’s Plans to Snatch Up Nephila Holdings Will Give It a Dominant ILS Market Stake
Specialty insurer Markel Corp. will acquire Nephila Holdings, a standalone insurance-linked securities manager. Plans call for closing the deal, pending regulatory approvals, in the 2018 fourth ...
Buffett Says Berkshire Bought Back Its Own Shares Along With Boosting Apple Stake
Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc , on Thursday said the conglomerate bought back its own stock for the first time since 2012 and added to its already huge stake in ...
Zurich Insurance Begins Competition to Find Cutting-Edge InsurTech Collaborators
Zurich Insurance Group believes a competition will help it find cutting-edge startups and entrepreneurs with whom to collaborate in the InsurTech space. The Swiss insurer launched what it is calling ...