International
VW Reportedly May Establish Two Funds to Address Emissions Scandal
Volkswagen AG is in talks with U.S. authorities to establish a national remediation fund and a separate one for California as punishment for pollution from its cars after the automaker cheated on ...
Efforts to Shake G-SII Tags May be Futile: S&P
Global insurers that have been tagged as systemically important by the Financial Stability Board may not help their cause by breaking up lines of business in efforts to de-designate themselves, ...
Munich Re Plans New $1.1B Share Buyback; Profit Expected to Plunge
Munich Re, the world's second-biggest reinsurer, expects profit to decline this year as falling prices for its products and low interest rates weigh on investment earnings. The company plans to ...
The Latest Launches From Ironshore, Brit, QBE and More
Ironshore is expanding its cyber coverage in Canada. RealRate and Pinnacle Actuarial Resources will jointly offer a beefed up comparative price tool for commercial auto insurance. Brit launched new ...
Cuba Presents Huge Insurance Market Opportunities (in Theory)
Cuba presents significant opportunities for insurers and others businesses in the months ahead as the U.S. restores diplomatic ties. The market is not a slam-dunk, however, as it presents significant ...
Security Firms Blame Chinese Hackers for U.S. Ransomware Attacks
Hackers using tactics and tools previously associated with Chinese government-supported computer network intrusions have joined the booming cyber crime industry of ransomware, four security firms ...
Bill Gross’s $200M Suit against Allianz’s PIMCO Allowed to Proceed
Bond manager Bill Gross will be able to pursue his lawsuit to recoup at least $200 million he claims that Pacific Investment Management Co owes him in the wake of his 2014 ouster from the firm he ...
The Rapid Global Ascendance of China’s Anbang Insurance
China's Anbang Insurance Group Co has emerged from near obscurity 18 months ago to sign deals worth more than $30 billion, moving into the big league of global real estate and finance. The ...