Global Economy
Tokio Marine Will Put One of Its UK Insurance Companies Into Runoff
Tokio Marine Group is putting one of its UK insurance companies, Tokio Marine Kiln Insurance (TMKI), into run-off. Going forward, Tokio Marine Kiln (TMK) will focus on its Lloyd's businesses. The ...
Prices Soaring: Persian Gulf Oil Shipments Cost More than $500,000 to Insure
The cost of insuring Middle East oil shipments is soaring as tensions mount in a region responsible for about a third of all seaborne petroleum. So-called war risk premiums for a standard oil cargo ...
Ex-AIG Traders Win UK Judge’s Backing in Bid to Obtain $100M in Bonuses
A group of former traders and managers at American International Group Inc. won a London judge's backing in their battle to obtain $100 million dating back to the financial crisis, after he said that ...
How Employers Can Keep Their Edge in a Tight Job Market
With the U.S. experiencing record-low employment, U.S. employers and organizations must use every resource they have to find the talent they require. A new report from Gallagher suggests innovation ...
Lloyd’s Abandons Some Ship Insurance, Leaving Rivals to Ride Rising Rates
Rivals to Lloyd's of London are riding a rising tide of marine insurance rates, leaving the 330-year-old market behind after it jettisoned sections of its oldest line of business last year. Premiums ...
Santander to Replace Allianz With Aegon, Mapfre in Spanish Insurance Joint Venture
Banco Santander SA agreed to pay 937 million euros ($1.1 billion) to buy Allianz SE out of an insurance joint venture in Spain, more than halving the value of the German insurer's assets under ...
After $17B in Acquisitions, Tokio Marine Promises More to Come
Tokio Marine Holdings Inc. is seeking acquisition opportunities in Asian emerging markets and elsewhere as it seeks to double profits from those regions, according to the new chief of Japan's largest ...
Legal & General Will Divest Exxon Shares Over Climate Change
One of Britain's biggest fund managers started selling shares in Exxon Mobil Corp., saying America's largest oil company isn't doing enough to address climate change. Legal & General Investment ...