News
China’s Fosun Buys 80% of Portugal Insurer for $1.36 Billion
China's Fosun International Ltd. bought 80 percent of Portugal's Caixa Geral de Depositos SA's insurance unit for 1 billion euros ($1.36 billion), beating out U.S. buyout firm Apollo Management ...
Sandy Weill to Chair Ex-Steven Cohen Reinsurer
Sanford "Sandy" Weill, the former head of Citigroup Inc., was named chairman of the board at Hamilton Insurance Group Ltd., which runs the reinsurer that hedge fund manager Steven A. Cohen exited. ...
State of Core Solutions Transition: Which Tech Priorities Are Being Carried Out?
Presented by Majesco
You have two watches. Your first watch is analog. It has dials, gears, crystals and movements. It is a machine...
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 ...