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BRUSSELS, Belgium—The European Commission has proposed a cross-border system of supervising financial services businesses that could be in plac
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HAMILTON, Bermuda—Omega Insurance Holdings Ltd. wants to increase its stake in Lloyd’s of London syndicate 958 with an offer valued up to
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BUENOS AIRES, Argentina—American International Group Inc. said Tuesday it has entered into an agreement to sell all of its shares in its consum
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LONDON—Southern Asia is becoming the global hub of terrorist activity as security measures have taken hold in the Middle East and reduced the n
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WASHINGTON—U.S. reinsurers reported a 95.5% combined ratio for the first quarter of the year, a slight deterioration from the 95.2% reported by
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TROY, Mich.—Financially troubled auto parts manufacturer Delphi Corp. said it intends to shed its underfunded pension plan for salaried employe
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HAMILTON, Bermuda—IPC Holdings Ltd. Chairman Kenneth L. Hammond on Tuesday urged shareholders to vote June 12 for the reinsurer's proposed merg
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