BRIEF-Bank of Hawaii says Kent Lucien to be chief strategy officer
* Says Kent T. Lucien, vice chair, currently Bank of Hawaii's chief financial officer, will become chief strategy officer
ZURICH Oct 13 Swiss Re and Brazil's Bradesco Group have launched a joint venture to create a commercial large-risk insurer in Brazil, the Swiss reinsurer said on Thursday.
Swiss Re said its commercial insurance arm signed a definitive agreement with Bradesco Seguros, the Brazilian banking group's insurance conglomerate, under which Bradesco Seguros would contribute its commercial large-risk portfolio to Swiss Re Corporate Solutions Brasil Seguros (SRCSB).
Bradesco would take a 40 percent equity stake in the joint venture, Swiss Re said, while its corporate solutions business would retain a 60 percent stake upon closing of the transaction, which is subject to regulatory approval. (Reporting by Brenna Hughes Neghaiwi; Editing by Michael Shields)
WASHINGTON, Jan 20 The Trump administration, hours after taking office on Friday, suspended a plan to cut mortgage insurance premiums on federally insured home loans that the U.S. government had estimated would save eligible homeowners an average of $500 a year.
Jan 20 The U.S. government is investigating dietary supplement maker Herbalife over whether it violated foreign bribery laws while conducting business in China, the company revealed in a regulatory filing on Friday.