Verdi Union opposes Commerzbank’s potential cross-border merger, regardless of bidder nationality

German trade union Verdi would oppose a cross-border merger for Commerzbank even if the bidder was not an Italian bank like UniCredit, an official...

American insurers enter the firefighting business

Climate change is forcing American insurance companies to enter the firefighting business. Chubb, in particular, operates its own fire brigade called Wildfire Defense Services. The...

CVS Aetna takeover signals US healthcare consolidation

America’s private health insurance system is rapidly becoming centralized. Shareholders approved drugstore giant CVS Health takeover of the insurance company Aetna Inc. The $69 billion...

AIG files $6.1m lawsuit against Kim Kardashian’s former bodyguard

Bodyguards are liable for the property losses of the rich and famous. AIG is suing Kim Kardashian West’s former security firm for $6.1 million...

California fires force sale of Aspen Insurance to private equity firm

Climate Change is dramatically transforming the insurance industry. The troubled Aspen Insurance Holdings reportedly agreed to sell itself to private-equity giant Apollo Global Management...

The Body Shop appoints administrators for UK business, with hundreds of jobs at risk

  The Body Shop, which runs more than 200 shops across the UK, has gone into administration just weeks after...

Swiss insurer Helvetia expands into UK market

Helvetia Global Solutions has received confirmation from UK regulators that its authorization to underwrite non-life insurance business in the...

Birmingham, UK’s second-largest city declares bankruptcy

Birmingham city council which serves more than 1 million people has declared itself "effectively bankrupt" amid “unprecedented financial challenges”. The...