Global Economy
Beazley Makes Strategic Investment in Hong Kong’s Pegasus Underwriting
Beazley, the London-based specialist insurer, is making a strategic investment in Hong Kong-based coverholder Pegasus Underwriting Ltd. The investment will see Beazley become a 30 percent shareholder ...
The Latest Launches From AIG, Aon and Risk Strategies
AIG is planning a new syndicate at Lloyd's designed to serve the specialist U.S. high net worth market. Aon announced the launch of an Aon-wide group created to increase the value and holistic ...
Accounting Tricks Hide Real Value of Teva’s Proposed Opioid Settlement
Teva Pharmaceutical Industries Ltd's proposed $23 billion drug giveaway to settle thousands of U.S. opioid lawsuits will likely cost the company a fraction of that figure due to how it has valued ...
Rising Drought Risk Spurs Investment Into Water Funds
Investors are starting to pay more attention to water shortages and how to turn them into long-term investments. Water-related exchange-traded funds attracted more money in the nine months through ...
S&P Takes Closer Look at Argo Following SEC Subpoena Over Executive Compensation
The SEC's decision to subpoena Argo Group. International Holdings about its executive compensation practices is drawing the attention of Standard & Poor's. S&P said it has revised the outlook ...
Lawmakers Push for Removal of Tech Liability Shield
A bipartisan group of lawmakers is stepping up efforts to have U.S. trade officials eliminate a legal liability shield that tech companies are pushing to keep in new agreements, including a deal to ...
James River Insurance Retains Rating After Dropping Its Largest Customer, Uber
Ratings agency A.M. Best said its ratings of James River Insurance remain unchanged after the insurer said it would be cancelling its business with ride-hailing giant Uber affiliate, Rasier, its ...
Brexit Business Opportunity: More Deals in Legacy General Insurance Policies
Britain's impending departure from the European Union is creating expansion opportunities for specialist general insurers who buy up and manage policies closed to new customers. Whether Britain ...