Most-read stories for the week include articles on Prudential PLC executives brushing aside rumors that the insurer will sell its Asian operations and Ageas SA/NV planning to boost its position in the nonlife insurance market in Belgium and Portugal through acquisitions.
State Fund's combined ratio likely hits highest Q2 level in 6 years
Higher underwriting expenses led State Compensation Insurance Fund, the California quasi-public workers' compensation insurer, to post a slight year-over-year increase in its combined ratio in the first half of 2018, according to materials released Aug. 3.
Prudential PLC CEO bats away rumors of Asian unit sale
Prudential PLC is not in any talks to sell its Asian operation and does not have any imminent plans to follow Axa in spinning off its U.S. business, according to the company's top executive.
CFO: Liberty Mutual's commercial auto to resume target profitability in 2020
Liberty Mutual Holding Co. Inc. will return its commercial auto insurance line to target profitability in 18 to 24 months, according to CFO Christopher Peirce.
Ageas eyes acquisitions in Belgium, Portugal to boost nonlife market share
Ageas SA/NV is interested in boosting its position in the nonlife insurance market in Belgium and Portugal through acquisitions, its CEO said Aug. 8.
Sun Life to diversify asset management following Q2 outflows
Second-quarter sales were down for Sun Life Financial Inc.'s asset management business compared to the previous quarter, and flow trends were impacted by $11.5 billion in net redemptions, led by institutional cash-outs, executives said.