International
Munich Re Loses $800M on Derivatives Contracts in Q1
Munich Re, the world's biggest reinsurer, took a 706 million-euro ($800 million) loss on derivatives contracts in the first quarter, caught off guard by a rally in stock markets. The majority of the ...
FAA, Berkshire Hathaway to Partner on Commercial Drone Tests
The Federal Aviation Administration said it would work with two private U.S. companies to test commercial drones that can fly beyond an operator's line of sight, a precursor to sophisticated drone ...
RSA Risks Investor Backlash over ‘Excessive’ Bonus for CEO Hester
RSA Insurance Group Plc may face a backlash from investors this week as Pensions & Investment Research Consultants Ltd. said Chief Executive Officer Stephen Hester's compensation was "excessive." ...
Allianz Profit Soars Even as It Deals With PIMCO Setbacks
Allianz SE, Europe's biggest insurer, said first-quarter profit climbed 11 percent, even as investors withdrew funds from its asset manager Pacific Investment Management Co. The shares surged the ...
CNA Targets Smaller Life Sciences Companies With New Coverage Option
CNA is debuting new coverage for the life sciences market – an admitted product liability policy offering targeted to smaller companies. The property/casualty insurer said that its Life Sciences ...
$1.8B Endurance/Montpelier Re Merger Up For July Shareholder Vote
Shareholders with both Endurance Specialty Holdings and Montpelier Re Holdings will likely vote on their planned $1.8 billion merger in early July, Endurance Chairman and CEO John Charman said during ...
AIG Among Companies Pushing For Drone Concessions as FAA Mulls Restrictions
As U.S. regulators study how to govern commercial drones, corporate America is plunging ahead on using unmanned aircraft in a bid to speed the process and win concessions on proposed restrictions. ...
Analysis: PartnerRe May Find Shareholder Resistance to AXIS M&A Plan
PartnerRe Ltd. is betting the value of a merger with AXIS Capital Holdings Ltd. is worth more in the long run than an extra few dollars a share now. Shareholders may not agree. The Bermuda-based ...