International
RBS Raises $1 Billion from Sale of 20% of Direct Line
Royal Bank of Scotland Group Plc raised about 630 million pounds ($1 billion) from its third sale of a stake in Direct Line Insurance Group Plc, the U.K.'s biggest home and car insurer. RBS sold ...Japan’s Abe Orders Surviving Fukushima Reactors Scrapped, Pledges Safe Olympics
Japanese Prime Minister Shinzo Abe ordered the scrapping of two Fukushima nuclear reactors that survived the 2011 tsunami, a write-off that threatens to complicate a turnaround plan the operator has ...
Two Years On: How Nuclear Sells Itself Post-Fukushima
Two years after the catastrophe at Japan's Fukushima plant, sellers of atomic reactors woo potential buyers with the promise that lessons learned from one of the world's worst nuclear disasters make ...
Germany’s Ergo Expects Asia, Eastern Europe Premium Growth
Munich Re's insurance unit, Ergo Versicherungsgruppe, plans to increase international premiums by more than a fifth over the next five years on sales in Asia and eastern Europe. "We aim to increase ...
PartnerRe Says German Hail Impact to Exceed $50M
PartnerRe Ltd. announced estimates of its cost for the German hailstorms that occurred in the last week of July 2013, putting the losses at between $50 million and $60 million pre-tax. The range of ...
Tokyo Riskiest City Due to Natural Disaster Exposure
Japan's Tokyo-Yokohama region is the riskiest place in the world to do business, in terms of the potential human and economic costs of a possible natural catastrophe, a study found on Wednesday. The ...Goldman-to-Soros Backed Mortgage Insurer Essent Files for IPO
Essent Group Ltd., a mortgage insurer backed by investors including Goldman Sachs Group Inc. and George Soros, filed for an initial public offering as investors pour capital into companies that ...
AXA’s CEO Invites Fed Taper as End of ‘Financial Repression’
AXA SA Chief Executive Officer Henri de Castries said France's largest insurer would welcome steps the U.S. Federal Reserve to scale back monthly asset purchases that have depressed bond yields. "One ...