Risk
Allergan Sues Pfizer Over Potential Opioid Lawsuit Damages
Allergan Plc sued Pfizer Inc. to cover any potential damages that the drugmaker might be forced to pay as a result of the hundreds of lawsuits it faces over its alleged role in the opioid crisis. ...
Wait Before You Ask About AIG’s Next M&A Target
Now that American International Group has finally closed its $5.6 billion acquisition of Validus Holdings, an unspoken question has been: What's the next acquisition target? The issue came up during ...
State Auto Ekes Out Small Profit; Combined Ratio Reaches 107
State Auto Financial Corp. eked out a small profit in the second quarter, with rate hikes helping its bottom line. At the same time, the Ohio-based insurer struggled with a combined ratio well above ...
UK PM May Remains Hopeful About Brexit Deal Despite Trade Secretary’s Pessimism
Theresa May still believes that a Brexit deal with the European Union is likelier than not, according to her spokesman, despite her Trade Secretary Liam Fox saying the opposite over the weekend. "We ...
California, Battered by Wildfires, Rejects Trump’s Proposed Clean-Air Plan Rollbacks
With his proposal to roll back fuel economy and emissions standards for cars and trucks Thursday, President Donald Trump drew a line in the California sand. The nation's most populous state wasted no ...
Munich Re Will Halt Investment in Coal-Related Businesses
Munich Re, the world's biggest reinsurer, will stop investing in bonds and shares of companies that generate more than 30 percent of their sales with coal-related business, its chief executive said, ...
$500M Cat Bond Set to Expand FEMA’s Flood Reinsurance Plan
The Federal Emergency Management Agency (FEMA) has secured a reinsurance placement for the National Flood Insurance Program (NFIP) that for the first time is directly backed by capital markets ...
Allianz Beats Profit Estimates, Thanks to PIMCO Momentum
Even after outflows hit Pimco in the last quarter, Allianz SE's giant bond fund unit is on a roll. In an industry plagued by ever-shrinking margins, Pacific Investment Management Co. and its smaller ...