Risk
Britain’s Aviva Moves $10B Out of Country Due to Brexit Uncertainty
Aviva Plc asked a London court to approve the transfer of assets totaling 9 billion euros ($10.2 billion), saying the uncertainty from Brexit was "intensifying" as it joined other insurers and banks ...
General Insurance Blues: AIG Ended 2018 With Another Money-Losing Quarter
American International Group's road to profitability continues to be both slow and challenging. High catastrophe losses in the fourth quarter presented yet another obstacle. The property/casualty ...
Suit Alleges Maiden Holdings Failed to Address and Disclose AmTrust Portfolio Risks
Maiden Holdings Ltd. is named in a class action investor lawsuit alleging that it failed to adequately address and reveal portfolio risks involving AmTrust Financial Services, its largest customer. ...
Alleged China Hacking May Draw Coordinated EU Response
European Union member states are considering a possible joint response to cyber attacks allegedly conducted by a Chinese state-linked hacker group after the U.K. presented evidence last month about ...
EU Urges UK PM May to Endorse Permanent Post-Brexit Customs Union
European Union Brexit negotiator Michel Barnier said on Monday British Prime Minister Theresa May should endorse a permanent customs union with the bloc - as proposed by the opposition Labour party - ...
Allstate Buys iCracked, an On-Demand Repair Service for Smartphones and Tablets
The Allstate Corp. has acquired iCracked, a provider of on-site, on-demand repair services for smartphones and tablets in North America. Financial terms were not disclosed. Allstate said it plans to ...
Suit Accuses CBS Execs of Selling Stock Before Disclosing Moonves Sexual Harassment Claims
CBS Corp. executives sold more than $200 million in company shares before disclosing to the public claims of sexual harassment against former CEO Les Moonves and other network officials, a California ...
Tesla Model 3 Goes Global With Europe, China Expansion
For Tesla Inc. investors, the last year was all about whether the company could make enough cars at a stable rate. This year is going to be all about who would buy those cars. As Tesla gears up to ...