Global Economy
AIG Appoints Validus Re’s Driscoll to General Insurance Leadership Role
American International Group appointed the former CEO of Validus Re to a leadership role within its General Insurance unit. Ken Driscoll was named Global Chief Underwriting Officer for Property and ...
Aviva Will Slash 1,800 Jobs Globally and Overhaul UK Business
British insurer Aviva will restructure its British business and cut costs across the firm with the loss of 1,800 jobs globally as it new chief executive seeks to make the business more competitive. ...
Today’s Product Partnerships: CNA/Hartford Steam Boiler and Aon/CyberCube
CNA plans to bring more Internet-of-Things-related technology products and services some of its business customers, by way of a new product alliance. Aon plans to deliver cyber insurance and ...
Companies Not Disclosing Extent of Climate Change Risk Exposures
Companies are failing to disclose sufficient detail about how exposed they are to the potential risks of climate change, a global task force said in a report on Wednesday. Many investors have called ...
AIG Names McElroy to Lead Its North America General Insurance Arm
American International Group, Inc. promoted David McElroy to become president and CEO of its North America General Insurance operations. McElroy joined AIG in September 2018 to become Lexington's ...
Departing Aviva CFO Is Second Exec to Leave in Two Months
Aviva's chief financial officer Tom Stoddard will step down at the end of the month, the British insurer said on Wednesday, the second senior executive to leave following the appointment of Maurice ...
Large Shipping Losses Declined Rapidly in 2018, Reaching Record Low Levels
Large shipping losses declined by more than 50% in 2018 from the previous year – their lowest level this century, according to Allianz Global Corporate & Specialty SE's (AGCS) Safety & ...
JP Morgan Agrees to Record Settlement in Suit Alleging Bias Against Dads
JPMorgan Chase & Co. has agreed to pay $5 million to resolve a discrimination claim filed by a male employee who alleged the bank's parental leave policy was biased against dads. The payout ...