Global Economy
Reith Will Step Down as Neon Group CEO, but Remain as Board Member
Neon, a Lloyd's specialist insurer, said that its Group CEO Martin Reith is stepping down from running the company. Reith will make the transition on Sept. 30, though he'll remain a member of the ...
Tokio Marine Kiln Names New CEO and Enacts Other Leadership hanges
Tokio Marine Kiln (TMK) announced that after 11 years as chief executive officer, Charles Franks is assuming new responsibilities within the Tokio Marine Group (TMG). He will be succeeded by Brad ...
EU Mulls New Energy Taxes as Climate Change Countermeasure
The European Union is considering new energy taxes, including on the aviation sector, to meet its climate targets, top officials said on Friday, with Germany calling for "drastic steps" to reduce ...
The Latest Launches From Neptune Flood, Apollo Insurance Solutions and Cape Analytics
AXA XL and Neptune Flood inked a deal that will help more than double Neptune's capacity nationally. A Canadian digital insurance marketplace, has entered the American market with a liability ...
UK Insurer RSA Returns to Earlier Commercial Lines Organizational Structure
RSA UK & International has merged its Commercial Risk Solutions (CRS) and Global Risk Solutions (GRS) businesses to create a single business unit focused on commercial lines. This move follows ...
J&J Must Pay at Least $37.2M to Plaintiffs Who Blamed Cancers on Talc Powder
Johnson & Johnson must pay at least $37.2 million to four consumers who blamed asbestos-tainted talc for their cancers in the company's latest loss in nationwide litigation over its iconic baby ...
China-Owned Insurer Helps Soften Trade War Hits for Exporters and Importers
As the U.S.-China trade war intensifies, an insurance company run by the Chinese government is stepping in to support Chinese exporters, providing low cost coverage and chasing down U.S. importers ...
China’s Anbang Insurance Group Sells off Luxury Hotels, Keeps Original Waldorf Astoria
Anbang Insurance Group Co. agreed to sell a luxury hotel portfolio to South Korea's Mirae Asset Management Co., marking the end of the Chinese insurer's short-lived investment in the properties. ...