Japan's Dai-ichi Life to buy US firm for $5.7 bnDai-ichi Life Insurance said Wednesday it would buy US-based Protective Life for $5.7 billion in a record deal, the latest overseas takeover by a Japanese firm to counter a declining market at home.
China's Xi signs multi-million-dollar deals in Congo China's new President Xi Jinping on Friday signed deals worth several million dollars with his Congolese counterpart in sectors as varied as banking and infrastructure, on the final leg of his three-nation Africa tour.
AIG refuses to join lawsuit against US government The board of giant insurer AIG decided Wednesday not to join a private shareholder lawsuit against the US government over the $182 billion rescue of the insurer in 2008.
11 January 2013
Japan insurers stop China riot coverage: report Big Japanese insurers have stopped covering firms against riots in China, a report said Friday, a move seen likely to hit investment there as the countries remain stuck in a festering territorial row.
Kazakhstan considering obligatory real estate insuranceFollowing the recent flooding in Uralsk and a raft of earthquakes in Almaty, insurance companies have been receiving suggestions on new insurance packages from citizens.