International
AIG Celebrates Strong Q2 Gains Driven by Investment Income, Business Growth, Rate Hikes
American International Group generated a modest profit in the second quarter, citing gains from higher net investment income, far fewer catastrophe losses and strong rate hikes in its ...
London Struggles to Lure Back Financial Workers, Legal & General Warns
The head of one of the UK's largest insurers and investors warned that the City of London is struggling far more than the country's other office districts in luring workers back to their desks. Since ...
Competitors Poached Talent as Aon/WTW Merger Plans Grew Uncertain
While Aon and Willis Towers Watson were trying for many months to land their merger, their competitors were able lure away some of their producer talent – capitalizing on the "distraction and ...
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 ...