News
American Financial Buying WC Unit Summit Southeast from Liberty Mutual
American Financial Group has agreed to buy Summit Holdings Southeast Inc. and its related companies from Liberty Mutual Insurance in an all-cash transaction valued at $250 million. Based in Lakeland, ...
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 ...
The Hartford Elects Richardson to Board of Directors
The Hartford on Thursday announced the election of Julie Richardson to its board of directors. Richardson will serve on the board's Audit Committee as well as the Finance, Investment and Risk ...
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 ...AIG Extends Tax Asset Protection Plan by 3 Years
American International Group Inc. extended by almost three years a plan designed to protect the value of deferred tax assets that limit payments to the government that bailed out the insurer. The ...
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 ...