North America
New Zealand considers wealth tax and foreign ownership limits
New Zealanders could face a wealth tax and a broader capital gains tax if plans being considered by a tax working group are pushed through.
Axa pivots away from life insurance with $15.3bn acquisition
The hits keep coming for the life sector as Europe’s second biggest insurer, Axa, announces a shift from Life & Saving business to Property & Casualty.
Japanese insurance giant acquires MassMutual Life
Japan’s largest insurer Nippon Life will acquire a majority stake in the Japanese arm of US rival MassMutual Financial Group in a bid to strengthen its insurance sales.
Life companies among most valuable insurance brands
Axa, Metlife and Zurich have taken some of the top spots among the 100 most valuable insurance brands of 2018, but China is the most dominant country with its companies taking four of the top 10 slots.
Could Trump’s tariffs derail global growth?
Donald Trump’s announcement that the US will introduce import duties on steel and aluminium is being described as a how-to move on triggering a stock sell-off, with industry-heavy funds and indices set to suffer from the protectionist move.