International
UK Official Warns EU Can’t ‘Cherry Pick’ Post-Brexit Trade Deal
The European Union can't pick and choose which bits of its economic relationship with Britain it maintains and which it eliminates in any future trade deal, U.K. Brexit Secretary David Davis said, ...
QBE Settles Australia Class Action Suit Over Profit Warning for $103.2M
QBE Insurance Group Ltd. has agreed to pay $103.2 million to settle a shareholder class action in Australia. The class action was commenced by Money Max Interest Pty Ltd on Sept. 9, 2015 in the ...
China’s Fosun Group Turns to Local M&A; $3B in New Bonds Reportedly Planned
Fosun Group is planning to raise as much as 21 billion yuan ($3.2 billion) selling local bonds as the Chinese insurance-to-pharmaceutical conglomerate refinances debt and increases its investments ...
Watsa’s Fairfax Financial Closes $1.6B Sale of Singapore Insurer to Mitsui Sumitomo
Fairfax Financial Holdings said it has successfully sold off a Singapore insurer it owned to Japan's Mitsui Sumitomo Insurance Company for $1.6 billion. The deal between the Toronto, Canada-based P/C ...
Carrier Management’s Top 10 News Stories of 2017
Carrier Management's top 10 2017 news stories involved some interesting industry developments. AmTrust had some accounting issues, since resolved, that drew significant reader interest. Former AIG ...
Executives On The Move at Travelers and Ironshore
Travelers' European arm named a new head of its wholly owned platform in the Lloyd's insurance market. A former Liberty Mutual executive is Ironshore Inc.'s new Branch Executive for the Dallas ...
Executives On The Move at CNA, Chubb, Starr Companies and AXIS
CNA hired a new vice president, Underwriting for Large/Complex Property. Chubb beefed up its Real Estate and Hospitality practice with several new promotions. Starr Companies appointed an influential ...
Gig-Economy Legal Risks May Rise After Uber Loses UK Court Fight
Uber Technologies Inc. will be regulated in European Union countries as a transport company after the bloc's top court rejected its claim to be a digital service provider, a decision that could ...