International
Chinese M&A Could Slow Due to Regulatory, Policy Hurdles: A.M. Best
While Chinese companies have been increasing their overseas merger and acquisition (M&A) activity in recent years, there are signs that growth could slow in the coming year, as a result of ...
Takata Shares Soar After Reports of Near-Complete U.S. Settlement Over Faulty Air Bags
Takata Corp. shares rose by the daily limit after the Wall Street Journal reported the company is nearing a settlement with the U.S. Department of Justice to resolve allegations of criminal ...
A market conduct examination is a formal review by a state insurance department of how an insurer operates in the...
Hannover Re, SCOR Gain Approval to Open India Branch Offices
Both Hannover Re and SCOR have gotten regulatory approval to launch branches in India. Hannover Re announced on Dec. 28 that the Insurance Regulatory and Development Authority of India granted ...
Executives On The Move at Chubb and XL Group
Chubb promoted one of its own to become its new head of Multinational Claims for Overseas General Insurance. XL Group's investor relations director is retiring, and the insurer has hired a ...
China Insurance Regulator Tightens License Rules: Sources
China's insurance regulator is making it much tougher for insurers to get new licenses as it seeks to reduce risks resulting from the aggressive business and investment practices of some players, ...
Fairfax Seeking to Raise $1B From Africa Fund IPO
Fairfax Financial Holdings Ltd., the Canadian insurer that announced its largest acquisition last week, is selling shares in an initial public offering for a fund that will make investments in ...
2017 Predictions Part IV: Hong Kong, China Face Tech-Related Insurance Industry Disruption
The twin forces of regulation and technology will see the emergence of new distribution models in 2017. This sounds like a commonly heard disrupter scenario for the U.S. and European markets, but ...
Brexit Threatens 10 Percent of London’s Financial Jobs: London Official
Up to 10 percent of jobs in London's financial district may be lost if Britain fails to secure adequate access to European Union markets after Brexit, a City of London official said on Wednesday. ...