International
Mutual Insurers Rebound (Slightly), Though Threats Remain: Swiss Re
Mutual insurance companies have gained back some of the global market share they lost due to demutualizations in recent years. Those gains are threatened, however, by new financial regulations, ...
Ironshore Owner Fosun Plans Massive Asset Sale to Reduce Debt
Fosun Group, one of China's most acquisitive conglomerates, is preparing to sell as much as 40 billion yuan ($6 billion) in assets as it focuses on raising its credit rating to above junk. After ...
German State of Bavaria Source of VW’s Latest Emissions Scandal Suit
The German state of Bavaria said on Tuesday it would sue Volkswagen for damages caused by its emissions-test cheating scandal, the first regional government in VW's home country to take legal action ...
FDA Moves to Protect Blood Supply After Florida Zika Reports
The U.S. Food and Drug Administration has ordered blood banks in Florida's two most densely populated counties to stop collecting blood as health officials determine whether Zika has begun ...
The Hartford Completes $168M M&A Deal for E&S Outfit Maxum Specialty
The Hartford Insurance Group (HIG) has completed its acquisition of Maxum Specialty Insurance Group for $168 million in cash. The transaction, announced in March, closed on July 29. Maxum will ...
Uber Faces Setback in Surge-Pricing Lawsuit
A federal judge on Friday denied a motion by Uber Technologies Inc to compel arbitration in a passenger lawsuit over so-called surge pricing brought against the ride-hailing company's chief ...
Judge Allows Bear Stearns Shareholder Lawsuit to Proceed
A federal judge sharply criticized statements and actions by former executives of Bear Stearns Cos in the final days of the investment bank, saying important information was "withheld from the ...
The Hanover Barely Ekes Out Q2 Profit, Thanks to Losses at Lloyd’s Chaucer Arm
The Hanover Insurance Group barely eked out a profit in the 2016 second quarter; large losses and catastrophe hits sustained by its Chaucer division are generally to blame. Net income came in at $2 ...