Insurance

Westpac exits life insurance with $660 mln sale to Japan’s Dai-ichi

Westpac Banking Corp (WBC.AX) on Monday became the latest Australian firm to retreat from the life insurance sector, as it agreed to…

4 years ago

Wall St gains as unemployment claims decline; Cigna slumps

Wall Street jumped on Thursday as U.S. unemployment claims declined further last week, while a drop in shares of health…

4 years ago

France’s Axa rebounds from pandemic as XL unit swings to profit

Axa (AXAF.PA) posted a 180% surge in first-half net income on Monday as the French insurer rebounded from a spike…

4 years ago

Allianz cooperating as DOJ probes Structured Alpha Funds

The U.S. Department of Justice has begun an investigation relating to Allianz Global Investors' Structured Alpha Funds, following litigation pending…

4 years ago

China state-owned daily urges calm after market rout

A Chinese state-owned securities newspaper urged calm on Wednesday after investors dumped mainland shares for a second day on worries…

4 years ago

Prudential Plc to join new Nairobi Financial Centre

Insurance company Prudential Plc (PRU.L) is set to sign an agreement on Tuesday to join the new Nairobi International Financial…

4 years ago

Aon, Willis halt $30 bln merger over monopoly concerns, delay

Aon Plc (AON.N) and Willis Towers Watson Plc on Monday called off a $30 billion merger that would have created…

4 years ago

AIG to sell life and retirement unit stake to Blackstone, another with IPO

American International Group Inc (AIG.N)plans to use an IPO to sell part of its life and retirement business, while Blackstone…

4 years ago

Musk defends timing of Tesla’s $2.6 bln deal for SolarCity

Elon Musk told a judge on Tuesday Tesla Inc (TSLA.O) had to buy SolarCity in 2016 because the failing solar…

4 years ago

After COVID revenue collapse, Canadian municipalities face insurance premium spike

Canadian municipalities reeling from a pandemic-driven hit to revenues are facing an added blow from surging liability insurance costs, forcing…

4 years ago