International
Lloyd’s Appoints Inga Beale as CEO
The Council of Lloyd's announced that Inga Beale has been appointed to the position of chief executive to succeed Richard Ward, effective Jan. 1, 2014. Beale comes to Lloyd's with three decades of ...AIG Selling Aircraft Leasing Firm for $5 Billion
American International Group Inc. agreed to sell the world's second-largest aircraft lessor to AerCap Holdings NV for $5 billion after a group of Chinese bidders missed deadlines to purchase the ...
Sompo Japan Weighs Acquisition of U.K.’s Canopius Group
Sompo Japan Insurance Inc., a unit of Japan's third-largest casualty insurer group by market value, is considering buying U.K.'s Canopius Group Ltd. as it continues an overseas expansion. The ...
Insurance Australia Group Buying Wesfarmers’ Insurance Business
Insurance Australia Group Ltd., the nation's biggest car and home insurer, will buy Wesfarmers Ltd.'s insurance underwriting businesses in Australia and New Zealand for A$1.85 billion ($1.66 ...
RSA Insurance Ireland CEO Lee Resigns After Another Lower Profit Warning
RSA Insurance Group Plc Chief Executive Officer Simon Lee quit after warning for the third time in six weeks that profit will be lower as the insurer injected more capital into Ireland amid an ...
Windstorm Xaver Losses Could Reach $1.9B: AIR Worldwide
Catastrophe modeling firm AIR Worldwide estimates that insured wind losses from Extratropical Cyclone Xaver will range between $966 million and $1.9 billion (EUR 700 million and EUR 1.4 billion), ...
Pipeline Blast in China Exposes Urban Sprawl Risks
A Chinese oil pipeline punctured twice a week by oil thieves cleared a safety inspection just two months before a section of the line exploded and killed 62 people in November, sources at the ...
Fragmentation Will Damage Global Internet, Warns Kaspersky CEO
Governments around the world may be compelled to wall off their Internet systems as nations and companies move to protect sensitive data amid increasing cybercrime and espionage, Kaspersky Lab Chief ...