Global Economy
Swiss Re, Citing Weak Demand, Suspends IPO of ReAssure Unit
Swiss Re AG said it suspended the initial public offering of ReAssure Group Plc, as a plan that would have put a value of as much as $4.1 billion on the U.K. unit fizzled due to weak investor demand. ...
Volvo Makes Viable Limited Use of Commercial Autonomous Trucks
Swedish truckmaker AB Volvo's first commercial autonomous truck deal shows how it is bundling services to generate revenue from a technology that is years away from wide deployment. Driverless ...
Marriott’s Massive Privacy Breach Could Lead to a $124M UK Fine
The massive hacking of Marriott International Inc. reservation databases could lead to a 99 million-pound ($124 million) fine as the U.K. cracked down on privacy breaches with its second major ...
Expertise and Investment: What Munich Re Digital Partners Brings to InsurTech Partnerships
Three years may not be a long time, but the head of Munich Re Digitial Partners in North America says his operation has made the most of it. David Brune became CEO of Digital Partners' North American ...
Executives On The Move at The Hartford and W.R. Berkley
The Hartford named a long-time executive with the company to lead its Middle and Large Commercial insurance business in the Northeast. An executive previously with The Navigators Group is joining ...
Dog Collar Liability Ruling Could Harm Amazon’s Broader Business Model
A federal court ruling that Amazon.com Inc. can be held liable for a dog collar sold on its website that partly blinded a woman could complicate the online merchant's business if it is applied ...
Buffett Commits Roughly $3.6B in Berkshire Hathaway Stock to Five Charities
Warren Buffett is donating roughly $3.6 billion of Berkshire Hathaway Inc stock to five charities, including the Bill & Melinda Gates Foundation, the biggest contribution in Buffett's plan to ...
India Mulls More Relaxing of Foreign Investment Rules for Insurance, Other Sectors
The Indian government on Friday said it will consider further liberalizing foreign direct investment (FDI) rules in certain sectors, part of its efforts to make Asia's third-largest economy a more ...