International
Scor to Buy Generali Reinsurance Unit for $750 Million
Scor SE agreed to purchase the U.S. reinsurance unit of Assicurazioni Generali SpA as part of a plan by Italy's biggest insurer to boost capital. Scor, France's largest reinsurer, would pay about 579 ...Turkey and South Africa: A Tale Of Two Emerging Markets
Messy politics, economic slowdown and a balance of payments deficit: four days of violent anti-government protests across Turkey are reminding investors of another emerging market—South Africa. ...
In Spite Of Risks, Turkey Attracts Carriers
With a skilled workforce, dynamic private sector, growing middle class, nascent democratic government, and strategic geographic position, Turkey represents a tantalizing opportunity for ...
American Safety Being Sold; Fairfax Financial, Tower Group Buying Parts
Fairfax Financial Holdings Limited and American Safety Insurance Holdings, Ltd. have entered into a $306 million merger deal, with Fairfax acquiring all of the outstanding shares of American Safety ...Facultative Reinsurance Spending Down: Faber Global
Several large UK cedants are reducing their spending on facultative reinsurance, according to the view taken by Vanessa Macdonald-Smith, team leader at facultative reinsurance broker, Faber Global, a ...
Tokyo Prepares for 1-in-200-Year Flood to Top Sandy
Tokyo, the world's most populated metropolis, is building defenses for the possibility of a flood in the next 200 years that could dwarf the damage superstorm Sandy wrought on the U.S. East Coast. ...AIG Says China Group’s Deposit Not Received in Deal to Sell Plane-Leasing Unit
American International Group Inc. said it hasn't received a deposit that was called for under the deal to sell its plane-leasing unit to a Chinese investor group, presenting another challenge to ...
European Companies’ Optimism for China Fading: Survey
European companies' optimism for business prospects in China is declining amid slowing growth, rising labor costs, regulatory obstacles and intensified competition, a survey showed. Optimism for ...