International
China’s Fosun Buys 80% of Portugal Insurer for $1.36 Billion
China's Fosun International Ltd. bought 80 percent of Portugal's Caixa Geral de Depositos SA's insurance unit for 1 billion euros ($1.36 billion), beating out U.S. buyout firm Apollo Management ...
Goodyear Files Suit in France Over ‘Boss-Napping’
Goodyear's French division says it has filed a lawsuit over the "boss-napping" of two of its executives and workers' occupation of a plant in northern France. Goodyear Dunlop Tires France—a ...
It has been said that the best advertisement for insurance is not having it (or not having enough of it)...
Investment Funds with Assets Over $100B May Be Too Big to Fail, FSB Says
Investment funds that manage more than $100 billion in assets may be labeled too big to fail, global regulators said, as they seek to expand financial safeguards beyond banks and insurers. Hedge ...
RSA Insurance Finds Irish Unit’s Bonuses Overly ‘Aggressive’
RSA Insurance Group Plc is reviewing its compensation structure after the British insurer found that bonuses at its Irish division may have been "too aggressive." The London-based insurer fired RSA ...
RSA Insurance Fires Execs After Probe Shows Inaccurate Reporting
RSA Insurance Group Plc fired two executives in Ireland after a PricewaterhouseCoopers LLP probe found that inappropriate collaboration by managers at the division resulted in inaccurate financial ...
China Requiring New Disclosures by Systemically Important Banks
China's bank regulator will require the country's largest lenders to disclose their off-balance-sheet exposures and other indicators in a move to implement global rules designed to strengthen ...
Fairfax to Buy $250M More BlackBerry Debentures; Markel Also a Backer
Fairfax Financial Holdings Ltd will buy another $250 million worth of BlackBerry Ltd's convertible debentures, the companies said Wednesday, providing the struggling smartphone maker with much-needed ...