Japan Post Holdings Co.’s insurance unit plans to buy back about 300 billion yen ($2.9 billion) of shares from its parent, giving the insurer more freedom to expand its business, according to people with knowledge of the matter. The holding …
Royal Dutch Shell Plc is in court in The Hague for the final hearing in a landmark case that could force it to reduce its carbon footprint. The case brought by the Dutch arm of Friends of the Earth, Milieudefensie, …
Omaha-based insurer Applied Underwriters Inc. announced it has formed Applied Financial Lines Ltd., a new European subsidiary, which will operate from Paris and Cologne. The new company will underwrite several specialty lines, including professional indemnity and directors and officers, in …
BRUSSELS – Britain and the European Union have moved closer to sealing a new trade deal but it was still unclear if they would succeed, the bloc’s chief executive said on Wednesday. Britain and the EU are in the final …
BRUSSELS – Aon’s $30 billion bid for Willis Towers to create the world’s largest insurance broker faces a full-scale investigation because of its complexity, two people familiar with the matter said. The companies, which are the second and third-largest brokers …
TORONTO – Canada’s financial regulator said on Monday it could allow institutions to pay special non-recurring dividends under “exceptional circumstances,” even as it maintains a March moratorium on broader dividend increases and share buybacks. The Office of the Superintendent of …
Carrick Specialty Holdings LLC, a New York City-based international non-life legacy business that provides reinsurance and run-off management solutions, announced its UK-based subsidiary, Carrick UK Holdings Co. Ltd., has acquired London-based reinsurer Community Reinsurance Corp. Ltd. from Hampden PLC. Terms …
British insurer Aviva is to sell its Vietnamese business to Canadian insurer ManuLife it said on Monday, as it pushes ahead with plans to pull out from its non-core markets. Aviva, under new boss Amanda Blanc, is looking to sell …
Inc. faces the prospect of a 14 billion-pound ($18.6 billion) UK class action — the largest of its kind — after losing another battle at the country’s highest court over illegal swipe fees. The Supreme Court ruled in favor of …
BRUSSELS/LONDON – European Union Brexit negotiator Michel Barnier said on Monday that sealing a trade pact with Britain was still possible before the country’s final break with the 27-nation bloc on Dec. 31 but the next few days of negotiations …