News

A decorative faade beneath the Brooklyn Bridge in downtown Brooklyn collapsed, sending five people to the hospital, on July 2 during a fury of severe storms in the area.

American International Group Inc. and Prudential Financial Inc. told regulators they could divest units and halt policy sales to avoid taking a bailout in a future crisis.

Zurich Insurance Group AG said the sale of its Russian retail unit will lead to an estimated loss of about $300 million.

Zurich Insurance Group AG said the sale of its Russian retail unit will lead to an estimated loss of about $300 million.

Swiss Re agreed to buy a Chinese unit of the U.K.s RSA Insurance Group Plc as it shifts capital to regions with higher premium growth prospects.

Swiss Re agreed to buy a Chinese unit of the U.K.s RSA Insurance Group Plc as it shifts capital to regions with higher premium growth prospects.