Underwriting
Insurers, Banks See Red Flag in British Property Panic
The run on British property funds has drawn attention to the vulnerability of the commercial real estate sector, largely funded by domestic banks and building societies but increasingly by foreign ...
Bank Cyber Attacks Reportedly Prompting New Fed Safeguards
U.S. regulators plan to require banks to adopt baseline safeguards to shield themselves from cyber threats after a series of assaults cost the industry billions of dollars and shook consumer ...
Tesla CEO Elon Musk Defends Timing of Autopilot Fatality Disclosure
Tesla Motors alerted regulators to a fatality in one of its electric cars in partial self-driving Autopilot mode nine days after it crashed, the company said on Tuesday, defending its decision not to ...
Brexit Fallout: Allianz Economist Urges U.K. to Develop Credible ‘Plan B’
Britain's politicians must urgently get their act together after the Brexit vote and, if they fail to come up with a credible "Plan B" with a free trade agreement, sterling could fall towards parity ...
VW Will Avoid Germany Cheating Fines; Customers Balk
Volkswagen AG is set to escape fines from the German government even after cheating on emissions tests for years, reflecting a softer political stance that's increasingly drawing ire following a ...
American Financial Pitches ‘Best and Final’ Offer to National Interstate
American Financial Group is trying again, upping its bid one last time to acquire the remaining common shares of National Interstate Corp. that its subsidiary doesn't already own. Great American ...
Colorado State Hikes Atlantic Hurricane Forecast Up to 15 Storms
Colorado State University edged up its seasonal Atlantic hurricane forecast to 15, three more than in an average year. The new prediction is that six of those storms will become hurricanes and two ...
New Gen Re CEO Raiguel Strikes Broker Deal With TransRe
Gen Re, the unit of Warren Buffett's Berkshire Hathaway Inc. that appointed a new chief executive officer in May, struck a deal with a rival reinsurer to help revive sales. Alleghany Corp.'s TransRe ...