International
Updated: Moody’s to Pay $2B for Daily Mail’s RMS Cat Modeling Unit
The publisher of Britain's Daily Mail said on Thursday it had agreed to sell its insurance risk business RMS to Moody's Corporation for about 1.425 billion pounds ($1.99 billion) in cash. Chief ...
Zurich Insurance, Metromile Disclose Their Post-COVID Return-to-Office Plans
Zurich Insurance and Metromile are among a number of industry companies that have plotted post- COVID returns to the office. Like the others who have recently disclosed their plans, they are doing so ...
COVID Variant, Disasters Cripple Global Supply Chains
LONDON/BEIJING – A new worldwide wave of COVID-19. Natural disasters in China and Germany. A cyber attack targeting key South African ports. Events have conspired to drive global supply chains ...
AXA 1st Half Net Income Up 180%; XL Unit Swings to Profit
AXA posted a 180% surge in first-half net income on Monday as the French insurer rebounded from a spike in pandemic-related claims that led to a 1.5 billion euro ($1.8 billion) charge last year. ...
Future Earnings Could Be Hurt by U.S. Probes of Investment Funds, Allianz Says
Allianz SE said earnings could be materially hurt by a U.S. Justice Department investigation into its Structured Alpha Funds, which are at the center of lawsuits after they incurred steep losses at ...
How Reinsurers’ Results Rebounded in First Half 2021 From 2020
The first half financial results reported by a group of six reinsurers over the past week generally show a strong return to profits after last year's challenging market conditions. A wrap-up of these ...
How Reinsurers’ Results Rebounded in First Half 2021 from 2020
The first half financial results reported by a group of six reinsurers over the past week generally show a strong return to profits after last year's challenging market conditions. A wrap-up of these ...
Ireland Looks to Boost Penalties for Senior Executives for Company Failings
DUBLIN – Ireland will introduce long-anticipated laws to make senior bankers and executives in other financial sectors directly accountable for failings at institutions over the next 12 to 18 ...