Global Economy
UK, EU Forge Brexit Deal, but Obstacles Remain
Negotiators from the U.K. reached an agreement with officials in Brussels Thursday that could pave the way for Britain to finally break 46 years of ties with the European Union. But Northern ...
Coal and Oil Are Passé in AXIS Capital’s New Clean Energy Policy
AXIS Capital Holdings Ltd. won't insure, invest in or provide insurance or reinsurance for new coal plants or oil pipeline as part of an initiative designed to reduce climate risks and support the ...
The Latest Launches From Chubb and The Hartford
Chubb unveiled an enhanced version of a tool it offers to help an organization spot global cyber threats. The Hartford launched an updated iteration of a policy designed to deliver tailored insurance ...
Demand Rises for Trade Credit Insurance as Brexit Insolvency Fears Grow
Companies are stepping up purchases of insurance to protect themselves against insolvencies in Britain, industry sources say, in part due to concerns about the impact of Brexit. The UK economy is ...
AIG Risks Liability in Elon Musk Defamation Case
Insurance giant American International Group Inc. may get wrapped up in a defamation case involving billionaire Elon Musk, who has told lawyers representing the British cave diver suing him that he's ...
Quantemplate, a Cloud-Based Data Processor, Pulls in $12 Million
Quantemplate raised $12 million in new venture financing, money it plans to deploy to expand the use of its self-service cloud-based automated data products and services targeted to insurers and ...
London Remains a Magnet for Global Finance, Though Insurance Employment Declined
From the pinnacle of the City of London's largest skyscraper, Stuart Lipton is wagering a $1.2 billion bet that the British capital remains a master of the international financial universe no matter ...
AXA Reportedly Considers Selling Off Its Central European Biz
French insurer AXA is considering selling its Central European business as part of a restructuring to quit markets where it lacks scale, three sources familiar with the situation said. AXA is ...