International
Reinsurance M&A Won’t Solve Problems With Soft Market: S&P
While mergers and acquisitions in the global reinsurance sector have accelerated in recent months, consolidation won't adequately address falling prices and other competitive pressures, Standard ...
Two Other Lloyd’s of London Insurers Viewed as Takeover Targets
Lloyd's of London insurers Lancashire Holdings Plc and Novae Group Plc may be the next in line for takeover offers after Brit Plc became the second U.K. firm within weeks to agree to be acquired. ...
Another M&A Deal: Fairfax Financial Grabbing U.K.’s Brit For $1.88B
Fairfax Financial Holdings Ltd., the Canadian property and casualty insurer run by contrarian investor Prem Watsa, said it would buy Brit plc for about $1.88 billion to become one of the top five ...
Insurers Risk Falling Behind in Financial Sector Technology Race
At a time the financial sector is racing to embrace digital technology to boost sales and drive profits, the traditionally staid insurance industry is in danger of falling behind. Some insurers are ...
BP Can’t Access $750M Transocean Cover For 2010 BP Spill
BP Plc isn't covered under Transocean Ltd.'s insurance policies for the doomed Macondo well project, the Texas Supreme Court said, blocking the oil company's access to $750 million to pay costs from ...
Hacker Group Stole Up to $1B Since 2013: Computer Security Firm
A hacker group has stolen as much as $1 billion from banks and other financial companies worldwide since 2013 in an "unprecedented cyber-robbery," according to computer security firm Kaspersky Lab. ...
AIG Under New CEO Hancock Reports a Mixed Q4
Insurer American International Group Inc reported lower-than-expected fourth-quarter earnings on Thursday, hurt by the performance in its corporate category. AIG also declared a dividend of $0.125 ...