International
RSA Lures Another Zurich Executive
RSA Insurance Group Plc hired a second Zurich Insurance Group AG executive to run its U.K. and European units, said two people with knowledge of the matter. Steve Lewis, chief executive officer of ...
ACE Now Has Major Stake in Siam Commercial Samaggi Insurance
ACE Limited has announced that the company and its local partner have acquired, through a mandatory tender offer, an additional 32.17 percent in The Siam Commercial Samaggi Insurance PCL (SCSMG), a ...
South Korea Ferry Operator CEO Blamed for Sinking
Prosecutors on Friday said the CEO and four employees of the operator of a sunken South Korean ferry caused the accident by overloading the ship with poorly stowed cargo after a risky redesign and ...
Spotlight on London, Innovation at 50th International Insurance Society Seminar
The International Insurance Society has come a long way since its first meeting in a conference room in Austin, Texas. The 50th edition of its annual conclave opened Monday morning in London at the ...
Marsh Rumored to be Targeting Alexander Forbes of South Africa
Marsh Ltd., the insurance unit of New York-based Marsh & McLennan Cos, has expressed interest in bidding for closely held Alexander Forbes Ltd. of South Africa, according to three people familiar ...
Low Global Yields, Short Memories Propel Debt Revival for Frontier Economies
Investors are returning to the riskier, less developed bond markets of Africa and other frontier economies, burying memories of past setbacks and plunging in after global yields failed to rise as ...
Marsh to Acquire Majority Stake in Panama-Based Broker Semusa
Marsh has reached a definitive agreement to acquire a majority stake in Semusa, a leading insurance broker and advisor in Panama and Marsh's long-standing local correspondent broker, the company ...
AIG Launches Global Commercial Property Cover for Midsize Businesses
American International Group on Wednesday announced the launch of a new line of multinational commercial property products and services for midsize businesses confronting global risk exposures, ...