The legal battle between Lebanese-owned food wholesaler AJA and insurer Cigna Worldwide over losses incurred through looting during Liberia’s first civil war has been running for 25 yearsPhotograph: Patrick Robert/Sygma via Getty Images

In summer 1990, a starving crowd raided 18 stores and warehouses belonging to Abi Jaoudi & Azar Trading (AJA) in Liberia’s capital, Monrovia. A bl(...)

Zurich-based Ace Ltd has agreed to purchase Chubb Corp for $28.3 billion in cash and stock. Photograph: Chris Radburn/PA Wire

Ace Ltd agreed to purchase Chubb Corp, the New Jersey-based insurer of high-end homes and mega-yachts, for $28.3 billion in cash and stock. Chubb sh(...)

The merged firm also will sell specialty policies to businesses, as well as life and accident-and-health coverage.

Axis Capital Holdings has agreed to merge with Dublin-headquartered PartnerRe, combining two reinsurers with a total market value of almost $11 billio(...)