May 23, 2024
A former managing director at Citigroup sued the bank and its chief operating officer on Wednesday, alleging she was fired for opposing what she said were attempts to give regulators false information. Kathleen Martin, a former managing director Citi hired …
October 12, 2017
Saudi Arabia’s central bank is preparing tougher rules for insurance companies as part of a drive to create a smaller number of stronger market players operating in the country, two people with direct knowledge of the matter told Reuters. A …
September 19, 2017
A Qatari insurance company is closing its branch in Abu Dhabi because authorities there have not renewed its license, a sign of how the region’s diplomatic crisis is starting to have long-term effects on its economy. Qatar’s stock index also …
September 11, 2017
State-backed Abu Dhabi Investment Council is weighing the sale of its nearly 24 percent stake in Abu Dhabi National Insurance Co. (ADNIC), with Allianz among groups showing initial interest in buying it, sources familiar with the matter said. If the …
November 18, 2016
Australia and New Zealand Banking Group’s sale of its life insurance and wealth business, which has been valued at $3.33 billion by the bank, is attracting interest from Japan’s Meiji Yasuda and Hong Kong-based AIA Group, according to people familiar …
March 5, 2010
Singapore’s biggest sovereign wealth fund GIC and Qatar Holding LLC have committed to underwrite a significant portion of UK Prudential’s $20 billion rights issue. GIC is an existing shareholder, with a 0.5 percent stake in Prudential, but Qatar does not …