International
Aviva Hits 2008 High as Profit Beats Estimates; CEO Restores Bonuses
Aviva Plc rallied to its highest in more than five years after profit beat analysts' estimates, and Chief Executive Officer Mark Wilson said he planned to restore bonuses at the U.K.'s second-biggest ...
China Likely to Turn to Insurers, Pension Funds for Private Capital
As China embarks on a new wave of opening up state-dominated industries to private capital, foreign firms will largely be kept out and authorities are likely to look to institutions like domestic ...
Lawyer Says S&P’s Global Biz at Risk on Australia Liability Ruling
Standard & Poor's global business may be at risk after an Australian judge ruled the company misled investors with triple-A ratings on derivatives whose value plunged during the global financial ...
Guy Carpenter Promotes Reina to CEO, Continental Europe & MENA
Guy Carpenter & Co. on Wednesday announced that Massimo Reina has been promoted to the position of CEO of Continental Europe and MENA, with immediate effect. He succeeds Peter Stubbings, who has ...
Judges Rules in Favor of Chevron on $9.5B Pollution Damage Award; Says Lawyer Tactics Fraudulent
Steven Donziger, the Harvard-educated lawyer who has waged a two-decade battle against Chevron Corp over pollution in the Amazon jungle in Ecuador, is not one to accept defeat quietly. Hours after a ...
Cyber Attacks Increasing, Costing Millions, Straining Internet
Crashing websites and overwhelming data centers, a new generation of cyber attacks is costing millions and straining the structure of the Internet. While some attackers are diehard activists, ...
AIG Appoints Smith COO of Commercial Insurance
American International Group Inc. on Tuesday announced senior leadership changes in its commercial insurance business, naming Michael Smith to the role of chief operating officer. In addition, James ...
Apollo, CVC Planning IPO of Insurer Brit Group
Brit Insurance Holdings B.V., a Lloyd's of London insurer owned by Apollo Global Management LLC and CVC Capital Partners Ltd., is planning an initial public offering in London next month. A minimum ...