Hong Kong stocks fell, with the benchmark index retreating from a three-month high, as Tencent Holdings Ltd. declined after a U.S. technology selloff resumed. Hong Kong Exchanges & Clearing Ltd. soared.
Axa SA is exploring the sale of a U.S. subsidiary that shoulders risks tied to variable annuities, as Europe’s second-largest insurer narrows its focus in North America, according to people familiar with the matter.
Free noodles are no longer enough to curry favor with Indonesian voters. Offers of insurance, loans and medical checkups have emerged in a months-long campaign that is forecast to boost economic growth.
The U.K. markets regulator hired Simon Davis, a litigation partner at Clifford Chance LLP, to lead an independent inquiry into its handling of a press leak that sent shares in insurance companies tumbling last month.
European insurers such as Allianz SE and Axa SA are shifting investments into the loan market, taking business from banks that are being forced to increase capital and meet tougher regulations, Moody’s Investors Service said.