International
Report: AIG in Talks to Buy Israel’s Clal Insurance
Clal Insurance Enterprise Holdings Ltd. gained the most this month after a report that American International Group Inc. is in talks to buy the Israeli insurer. Bonds of parent IDB Development Corp. ...
European CEOs Worried About High Taxes, Regulatory Burden: Lloyd’s Survey
High taxation and new regulation are among the most pressing concerns for senior European company executives, according to a survey by Lloyd's of London. The Lloyd's Risk Index survey also found ...
‘Breakaway’ Pricing Seen From Capital Markets Pressuring Traditional Re
With third-party investors putting increased levels of capital into catastrophe bonds, sidecars and collateralized reinsurance, pricing in the capital markets is now, for the first time, "decoupled" ...Enstar, Stone Point to Acquire Torus Insurance Holdings for $692M
Bermuda-based Enstar Group Ltd., a firm that typically acquires and manages insurance and reinsurance companies in run-off and portfolios of insurance and reinsurance business in run-off, has agreed ...
Insured Damage from European Floods Will Near $3.8B, Says Munich Re
Flooding in Europe last month will cause more than 12 billion euros ($15.5 billion) of damage, the year's most expensive natural catastrophe, according to Munich Re, the world's biggest reinsurer. ...
U.K. Regulator Reviewing Insurance Add-On Products
The U.K. markets regulator is reviewing whether there is enough competition in insurance add- on products, which are sold along with purchases such as vacations or a car. The market study is looking ...
Canada Train Explosion Spurs Debate Over Safety of Crude Oil Shipping
A train disaster that killed five people in Quebec promises to touch off debate over the safety of shipping crude oil by rail or pipelines such as TransCanada Corp.'s Keystone XL. As authorities ...
China Insurer Buying Lloyd’s of London Building for $388 Million
Ping An Insurance Group Co., China's second-largest life insurer, agreed to buy the Lloyd's of London building from a Commerz Real AG-managed fund, two people with knowledge of the transaction said. ...