International
Judicial Ruling on 2008 AIG Bailout Triggers U.S. Government Appeal
The United States filed an appeal on Wednesday against a U.S. judge's ruling in June that sided with former American International Group chief executive Maurice "Hank" Greenberg on a legal claim over ...
Validus’ PaCRe Gets A.M. Best Negative Outlook, Withdraws From Rating Process
PaCRe Ltd. must deal with a negative outlook from A.M. Best, which has also withdrawn its ratings of the fledging, Bermuda-based reinsurer. The ratings statement does include some good news. A.M. ...
Catastrophe Losses, Currency Volatility Upended Liberty Mutual’s Q2
Liberty Mutual Insurance faced a net income decline of close to 36 percent in the 2015 second quarter, with currency volatility, higher catastrophe losses and energy sector market pressures to blame. ...
ACE Rolls Out Streamlined Coverage For Companies in the U.K. and Ireland
ACE Group is now selling a comprehensive single property and liability package insurance policy for companies doing business in the U.K. and Ireland. The insurer also promises the product will be ...
S&P: Berkshire Hathaway Risks Ratings Cut Over $37.2B Acquisition
News this week that Berkshire Hathaway Inc. plans to spend $37.2 billion to acquire Precision Castparts Inc. is troubling Standard & Poor's. The ratings stalwart placed the company and its ...
XL Group Acquires Insurer of Amusement Parks, Fairs and Festivals
XL Group Plc will buy up Allied International Holdings, a U.S.-based outdoor entertainment specialty insurer focused on liability coverage for clients who run amusement parks, fireworks, fairs and ...
Allianz, AIG, Others Shun Tax-Liability Coverage in India Cross-Border M&A
Prime Minister Narendra Modi needs to offer much more than just his best intentions to clean up India's whimsical tax regime to help convince insurers. Companies from Allianz SE to American ...
Google Changes Corporate Structure to Separate R&D Divisions From the Rest
Google Inc. is changing its corporate structure to separate its search, YouTube and other Web companies from its research and investment divisions. The shares rose as much as 5.8 percent in extended ...