American International Group Inc is to sponsor the All Blacks rugby team on a five-and-a-half deal the New Zealand Rugby Union described as a 'game changer' on Friday.

American International Group Inc is to sponsor the All Blacks rugby team on a five-and-a-half deal the New Zealand Rugby Union described as a 'game changer' on Friday.

The low interest rate environment is increasing pressure on Allianz to cut costs because it undermines the insurer's ability to earn adequate returns on investment, Chief Financial Officer Oliver Baete said.

A private catastrophe bond has been listed on the Channel Islands Stock Exchange, the first time such a deal has been made fully tradable in the secondary market.

The market for catastrophe bonds has boomed in the past year and is likely to keep growing as investors search for higher returns.

The market for catastrophe bonds has boomed in the past year and is likely to keep growing as investors search for higher returns.

The European Commission may draw up rules for rescuing and closing down failing clearing houses and insurers, as regulators across the world seek to prevent collapsed businesses from wreaking havoc in financial markets.

The European Commission may draw up rules for rescuing and closing down failing clearing houses and insurers, as regulators across the world seek to prevent collapsed businesses from wreaking havoc in financial markets.