International
Lloyd’s of London Insurer Amlin Denies Rumors It is For Sale
Amlin Plc Chief Executive Officer Charles Philipps damped speculation that the Lloyd's of London insurer is looking for a buyer, saying the firm is strong enough to remain independent. "We are not ...
RSA Shareholders Brace For Lowball Bid From Possible Suitor Zurich Insurance
Shareholders in British insurer RSA are bracing for a lowball bid from prospective suitor Zurich Insurance, putting one of Europe's largest ever insurance deals in doubt. After flagging its interest ...
AIG Pulls in $500M Selling off Remaining Stake in AerCap Stock
American International Group Inc. said it raised net proceeds of about $500 million selling stock of AerCap Holdings NV as the insurer completed its departure from the airplane-leasing business. The ...
Lloyd’s: Drone Industry Threatened by Cyber Attacks, Reckless Pilots and Privacy Breaches
Cyber attacks, reckless pilots and privacy breaches are fundamental threats to the drone industry's success, viability and risk management, according to a new Lloyd's report. Dubbed "Drones Take ...
Willis’ Australian Arm Acquires CKA Risk Solutions
Willis Australia, part of global broker Willis Group Holdings, has expanded its presence in Western Australia with the acquisition of CKA Risk Solutions. Terms of the transaction were not disclosed. ...
Uber’s Background Checks Missed Convicts: California Prosecutors
California prosecutors have broadened their civil lawsuit against popular online ride-sharing service Uber, alleging that its background checks missed people previously convicted of murder and sex ...
China’s Ping An Insurance Sees Profit Soar, Thanks to Investment Gains
Ping An Insurance (Group) Co., China's second-largest insurer, said profit jumped 62 percent in the first half of this year as a stock-market rally boosted investment returns. Net income rose to 34.6 ...
Costco Sued for Misleading Consumers About Slave-Harvested Shrimp
Costco Wholesale Corp. was sued for selling farmed shrimp from Thailand, where slave labor and human trafficking in the fishing industry are widespread, and allegedly misleading U.S. consumers about ...