Axa SA Chairman and Chief Executive Officer Henri de Castries is leaving earlier than expected, handing over the post of CEO to Thomas Buberl as Frances largest insurer splits its top jobs.
Zurich has arranged $8.4 billion in financing for the takeover of smaller rival RSA Insurance Group Plc, according to people with knowledge of the plan, signaling the Swiss insurer is getting closer to proceeding with a formal offer.
Federal housing regulators are being urged to sue insurers and mortgage servicers over alleged overcharging for force-placed insurance on troubled homeowners during the housing crisis.
Federal housing regulators are being urged to sue insurers and mortgage servicers over alleged overcharging for force-placed insurance on troubled homeowners during the housing crisis.
Bank of America and QBE Insurance Corp have agreed to pay $228 million to settle claims that they engaged in a kickback scheme inflating the cost of insurance that homeowners were forced to buy, according to a court filing.