Risk
UK Believes Financial Sector Brexit Agreement Is Imminent
The United Kingdom is confident that it is on the verge of reaching an agreement with the European Union to give London's vast financial center access to EU markets after Brexit, Britain's financial ...
Allianz’s El-Erian: Trade War Is Risky, But Technology Presents a Slow-Moving Opportunity
Mohamed El-Erian, the chief economic advisor for Allianz and former CEO of its PIMCO unit, warned that the evolving global trade war presents risks the insurance industry should worry about. On the ...
Berkshire Hathaway’s Q3 Profit Gains Spanned Insurance and Everything Else
Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, on Saturday said its quarterly operating profit doubled as its insurance business dodged hurricanes and benefited from ...
Cities Vulnerable to Climate Change Are Still Getting Their AAA Bond Ratings
Last fall, after a trio of deadly hurricanes, ratings companies warned vulnerable coastal cities to get ready for climate change -- or face higher borrowing costs on the $3.9 trillion municipal bond ...
InsurTech Pilots and Pivots: Learning by Doing and Undoing
"If you can't admit a failure, you're not an entrepreneur. You are not a good business person. There's nothing brilliant about what you are doing." –Mark Cuban InsurTechs are great for the industry ...
AIG CEO Duperreault Cautions Initial 2019 Underwriting Profit Won’t Be ‘A Great One’
American International Group has continued to face General Insurance underwriting losses since President and CEO Brian Duperreault took the helm of the struggling insurer in mid-2017. He remains ...
Liberty Mutual’s Q3 Net Income a Robust $282M, Thanks to Fewer Catastrophes
Liberty Mutual and its subsidiaries reported net income of $282 million and $1.911 billion for the three and nine months ended Sept. 30, 2018 versus net loss attributable of $665 million and $188 ...
Progress Made on Plan to Give London’s Financial Industry Post-Brexit, Basic Access to EU
The United Kingdom and the European Union have made progress on a deal to give London's dominant financial center basic access to EU markets after Brexit, two British officials said, but no agreement ...