Sompo Holdings, a subsidiary of Sompo International Holdings, said it has an agreement in place to…
Tag: Billion
Kazakhstan Presses on With $4 Billion Sulfur Fine on Oil Majors
Kazakhstan’s environmental-protection ministry told oil majors operating in the country they have 40 days to pay…
Allianz Raises $1.25 Billion in Perpetual-Bond Litmus Test
Allianz SE sold $1.25 billion of perpetual notes Tuesday, the German insurer’s latest batch of risky…
Arthur J. Gallagher Completes $13.5 Billion Acquisition of AssuredPartners
Arthur J. Gallagher & Co. announced it has closed the previously announced acquisition of U.S. insurance…
New York AG Sues Zelle, Claims Lax Security Led to $1 Billion Consumer Fraud Losses
Zelle was sued on Wednesday by New York Attorney General Letitia James, who said the electronic…
Israeli Insurance Software Firm Sapiens to Be Bought by Advent for $2.5 billion
The deal comes months after Advent entered exclusive negotiations to acquire Paris-based Kereis, the largest broker…
UK’s FCA Says Lenders Face Minimum £9 Billion Bill on Car Loans
The UK’s Financial Conduct Authority will consult on a redress scheme to guide firms on how…
Missouri’s 2025 Insured Losses From Severe Weather Approaching $2 Billion
The Missouri Department of Commerce and Insurance (DCI) reported Thursday that severe weather has already caused…
BHP, Vale Accused of ‘Cheating’ UK Law Firm out of $1.7 Billion in Fees
BHP and Vale are facing a London lawsuit from the law firm representing hundreds of thousands…
Bayer Adds $1.37 Billion to Reserves for Ongoing Roundup Litigation
The German group said that, on a currency-adjusted basis, it now anticipates annual sales of 46…