Global Economy
Experts: Uber, Lyft and Shared Owners Will Dominate Future Auto Sales
Ride-hailing apps like those of Uber Technologies and Lyft Inc are expected to alter the state of car ownership towards subscription-based services and shared ownership, auto industry experts said at ...
Flying Taxi Startups Are Coming to Asia, Based on European Tech
The world's first passenger-drone services may debut in Asia -- but the technology behind these flying taxis will be largely European. Volocopter GmbH of Germany said Thursday it will open a landing ...
Executives On The Move at BHSI and Armour Group
Berkshire Hathaway Specialty Insurance promoted a veteran executive to run its North America Casualty Construction business. Amour Group named a Lloyd's of London veteran to become its latest group ...
Beware of All the Added Risks That 5G Mobile Networks Will Bring: Swiss Re
Insurers and reinsurers alike should be wary about risks stemming from the new 5G mobile networks now being installed around the world, Swiss Re warns in its bi-annual SONAR report. You've heard ...
Generali Reportedly Looking to Acquire MetLife’s Central European Assets
Assicurazioni Generali SpA is in early talks to buy the Central European assets of MetLife Inc. as the Italian insurer seeks to expand through acquisitions in high-growth markets, according to people ...
Fairfax CFO Bonham Has Died; Varnell Appointed as His Interim Successor
Fairfax Financial Holdings Ltd. announced that, David Bonham, vice president and chief financial officer of Fairfax, died suddenly this past weekend. "The entire Fairfax family mourns the sudden and ...
Argo Shareholder Voce Abandons Bid to Nominate 5 Board Members, Alleging ‘Underhanded Tactics’
An activist Argo shareholder that had accused the insurer of extravagant spending and other corporate missteps has ended its battle to nominate a slate of new board members. Voce Capital Management ...
AIG Shareholders Back $21M Pay Package for CEO Duperreault
American International Group Inc said shareholders approved a $21 million pay package for Chief Executive Officer Brian Duperreault during the company's annual meeting on Tuesday. A non-binding ...