Companies
Zurich to exit general insurance in the Middle East
The Zurich Insurance Group is to cut back its general insurance operation in Middle East as part of a global restructuring that has seen it also exit the life business in Singapore.
BlueCrest Capital to refund investors amid outflows and profit worries
Jersey-based hedge fund BlueCrest Capital Management is to return investors’ money after being hit by outflows and pressures on its profitability through fees, staffing, and meeting client needs.
Corruption probe takes down Brazilian investment chief exec
The chief executive and chairman of Latin America’s largest independent investment bank, Grupo BTG Pactual, resigned on Sunday after he was jailed the previous week as part of a sweeping corruption probe, reports Reuters.
RL360 Group completes CMI acquisition
Following regulatory approval from the Isle of Man and Hong Kong, RL360 Group has completed its acquisition of Clerical Medical International Insurance Company (CMI) for an undisclosed sum.
Senn steps down as Zurich’s group chief executive
After ten years with Zurich Insurance Group, six as group chief executive, Martin Senn has decided, by mutual agreement with the board of directors, to step down at the end of the year.