NAIC Weighs Overriding Credit-Rating Companies August 14, 2023 The National Association of Insurance Commissioners is gearing up to challenge credit graders by overruling ratings on certain assets bought...
Thai Group Buys Ping An Stake from HSBC for $9.38 Billion December 5, 2012 By Denny Thomas and Kelvin Soh A conglomerate controlled by Thailand’s richest man, Dhanin Chearavanont, has bought a minority stake in China’s Ping An Insurance for...
Willis North America to Acquire Canadian Benefits Broker Avalon Actuarial November 30, 2012 Willis North America, a unit of Willis Group Holdings, announced that it has entered into a definitive agreement to acquire...
ING Considering Sale of UK, Canadian Online Banks August 3, 2012 The Netherlands-based group ING, which has been forced to sell assets in return for receiving state aid during the financial...
Judge Rules Stanford’s U.S. Receiver to Keep Control of Ponzi Scheme Case August 1, 2012 By Jonathan Stempel Allen Stanford’s U.S. court-appointed receiver may keep control of the process to collect and distribute the convicted Ponzi schemer’s assets...
UK Insurer Aviva Culls Units in Turnaround Drive July 6, 2012 By Myles Neligan Aviva, the UK’s No.2 insurer, plans to sell or close more than a quarter of its businesses in a shake-up...
Swiss Re Team Favored to Acquire Groupama’s Brokerage Unit – Sources April 25, 2012 By Sophie Sassard and Victoria Howley Swiss Re and its private equity partners Apax and PAI are in pole position to acquire Groupama’s GAN Eurocourtage [brokerage]...
Lloyd’s Posts $822 Million Overall Loss for 2011 March 28, 2012 By Charles E. Boyle The loss, announced today by Lloyd’s of London, shows just how severe the second costliest year for catastrophes on record...
ING Puts $775 Million Thailand Bank Stake up for Sale – Sources March 23, 2012 By Denny Thomas and Michael Flaherty ING Groep NV has put its roughly $775 million stake in Thailand’s TMB Bank Pcl on the block as the...
Thailand’s Thanachart Bank Ready to Sell Insurance Ops Say Souces March 16, 2012 By Clare Baldwin and Denny Thomas Thailand’s Thanachart Bank Pcl, backed by Canada’s Bank of Nova Scotia, is preparing to sell its insurance operations in a...