A German reinsurer has sold its US business for $800m (€605.4m) to an Australian company in a strong year for insurance consolidation.

Hannover Re is selling its US operations, Praetorian, to Australia's QBE for $800m (€605.4m). Hannover created Praetorian in 2005 by moving all of its US primary insurance businesses under the Praetorian umbrella. Hannover plans to focus its business on reinsurance.

Australian insurer snaps up $800m US rival

Heidi Moore

Hannover Re

Credit Suisse

VTB Capital shells out £3.3m on 12 UK employees in 2025

UBS names new US ECM head in leadership reshuffle

Citigroup bolsters European leveraged finance with Deutsche Bank hire

Milbank hires private equity M&A rising star in Germany

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

Senior GIC private equity lawyer joins Dechert in London

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US law firm hires private equity specialist from key client

The 59-year-old hedge fund titan made his pro-tennis debut in a competitive ATP doubles tournament alongside a Grand Slam champion, and it ended in a straight-set defeat.

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The president again pushed the Fed to lower rates, helping power the S&P 500 and the Nasdaq composite to fresh record closing highs.

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A new group plans to raise at least $20 million to stop the democratic socialist in the city’s mayoral race.

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Recent graduates who haven’t started their gigs at big banks are being recruited for jobs that don’t start for another couple of years.

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The Organization of the Petroleum Exporting Countries doubled down on its view that global oil demand will keep rising through mid-century and that there is no peak in sight.

Signatories would benefit from a lower administrative burden and extra legal certainty to prove they comply with the AI Act.

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The latest assault included more drones in a single night than Russia used in the entire month of July last year.

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It’s never been easier to create your own app with ‘vibe coding.’ Now, professional software engineers are bringing it into the enterprise.

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The Italian lender now owns around 20% of Commerzbank’s shares and is the largest shareholder of the bank it hopes to engineer a merger with.

UniCredit Doubles Equity Stake in Commerzbank

UniCredit Doubles Equity Stake in Commerzbank to 20%

President Trump’s latest salvo on trade gives U.S. allies three weeks to persuade Washington to relax tariffs that would be costly for their export-dependent economies.

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An internal investigation uncovered evidence that Linqto customers never owned the securities they thought they did.

Once Popular Pre-IPO Investing Platform Linqto Files for Bankruptcy

Mark Zuckerberg wooed another elite researcher with a pay package in the tens of millions.

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The president rolled out a new deadline, new rates and letters.

Trump Pushes Global Trade War Back to the Top of His Agenda

Asian equities started the week on a downbeat note, as remarks by President Trump stirred up already-tense markets bracing for tariffs to hit dozens of countries this week.

Trump Threatens Extra 10% Tariff on Nations Siding With Brics

A trial began in a long-running lawsuit by Chicago traders who say they were harmed by the exchange’s launch of electronic markets.

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Tesla’s CEO said he created a new political party called the America Party after reigniting a feud with President Trump.

Elon Musk Says He’s Forming ‘America Party’

Companies are getting brutally honest with applicants, warning them of long hours and few boundaries.

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Four people open up about their finances and how they spend their time.

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Shares of unprofitable companies have outperformed since early April, and investors are now speculating like it’s 2021.

Meme Stocks and YOLO Bets Are Back and Fueling the Market’s Rally

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