International
Sapiens to Acquire IBEXI
Global software provider Sapiens International Corp. has signed a definitive agreement to acquire IBEXI Solutions Private Ltd., a business and technology solutions provider based in India. The ...
Allianz Estimates $300M Cost for Germanwings Crash
Allianz estimates insurers will pay $300 million in claims and costs stemming from the crash of a Germanwings plane in the French Alps last week, insurance industry sources said on Monday. The figure ...
Executives On The Move at Allianz, CNA and Aspen
This week, we have some executive changes to tell you about at Allianz, CNA and Aspen Insurance Holdings. *** Allianz Group's Allianz Global Corporate & Specialty has made a new executive hire in ...
AIG Raises $500M Through Sale of Shares in China P/C Giant
American International Group Inc. said it sold part of its holding in PICC Property & Casualty Co., China's biggest non-life insurer, for about $500 million. AIG, the largest commercial insurer ...
Lloyd’s 2014 Profit Steady at $4.9B; Combined Ratio Below 90
On Thursday, Lloyd's announced a pretax profit of $4.9 billion, or £3.2 billion, with a return on capital of 14.7 percent and a combined ratio of 88.1. The profit figure was level with the 2013 ...
Federal Reserve May Slow Implementation of National Capital Rules
The U.S. Federal Reserve is considering a proposal from life insurers that could delay the implementation of a costly nationwide capital framework for the $1 trillion industry, according to records ...
Ex-Lancashire CEO Brindle Reemerges; 5-Year IPO Planned for Venture Seeking $2B
Oaktree Capital Group LLC is among investors backing a Bermuda insurance venture that's seeking to raise $2 billion with plans for an initial public offering within five years. Fidelis Insurance ...
Lufthansa Risks Unlimited Liability in Germanwings Crash
Deutsche Lufthansa AG may face unlimited liability for payments to families of victims of the Germanwings jet crashed by its suicidal co-pilot, according to lawyers. "The liability for the victims ...