U.S.
SCOR, Swiss Re and Munich Re Win Fitch Ratings Upgrades
Fitch issued ratings upgrades for SCOR, Swiss Re and Munich Re and affirmed the ranking of a fourth reinsurer: Hannover Re. Each reinsurer received scrutiny because of their scale, diversity, and ...
French Insurer AXA Wants to Buy Genworth’s Lifestyle Protection Arm
Axa SA is in exclusive talks with Genworth Financial Inc. to buy its lifestyle protection insurance business for 475 million euros ($520 million) to create the third-biggest player in the European ...
ACE, Focused on Buying Chubb, Basks In Q2 Profit Hike
ACE Limited, the insurer that agreed this month to acquire Chubb Corp., said second-quarter profit rose 21 percent as policy sales climbed. Net income increased to $942 million, or $2.86 a share, ...
First Half Saw $15B in Insured Cat Losses—a Sharp Decrease From 2014: Impact Forecasting
The first six months of 2015 mark the quietest first half for global natural disaster losses since 2006, according to a new report from Aon Benfield's Impact Forecasting. The report, "Global ...
Travelers Q2 Produces Income Gains and Investment Declines
The Travelers Companies enjoyed soaring net income during its 2015 second quarter, thanks, in part to lower catastrophe losses and share repurchases. But net written premiums stayed flat, and ...
Travelers CEO Fishman Briefly Had His Eyes on Chubb
Travelers Chairman and CEO Jay Fishman disclosed that the property/casualty insurance giant briefly considered a possible merger deal with Chubb. The idea was discarded, he said, after the ...
Wells Fargo Wins Predatory Lending Lawsuit Dismissal in L.A.
Wells Fargo & Co on Friday won the dismissal of a lawsuit by Los Angeles that accused the largest U.S. mortgage lender of violating the federal Fair Housing Act by engaging in predatory lending ...
Uber Loses Bid To Toss Lawsuit Challenging Its Safety Claims
Uber Technologies Inc. lost a bid to dismiss a lawsuit over its claims to being safer than taxis. U.S. District Judge Jon Tigar in San Francisco on Friday allowed the case to proceed, finding that ...