Global Economy
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 ...
Billionaire Covering Morehouse Grads’ $40 Million Student Debt Has Insurance Industry Ties
The billionaire technology investor and philanthropist who has promised to assume the $40 million student debt of the entire graduating class at Morehouse College has ties to the insurance industry. ...
Executives On The Move at Sompo International and Zurich North America
A former Amlin Insurance executive is joining Sompo International Holdings to become head of Financial Lines Insurance in Germany. Zurich North America named a new head of Sales and Distribution for ...
The Hartford Completes Its $2.1B Acquisition of Navigators on May 23
The Hartford said it has received all regulatory approvals needed to complete its acquisition of specialty insurer Navigators Group on May 23. "This acquisition is a significant milestone for our ...
London’s Finance Industry Will Be Largely Unscathed From Brexit: UK Ministers
Britain's vast finance industry will emerge largely unscathed from Brexit and retain its position as one of the world's top financial centers, ministers in Prime Minister Theresa May's government ...
Tesla Faces a ‘Code Red’ as Shares Plunge, Profitability Challenges Mount
Tesla Inc. shares plunged below $200 for the first time in more than two years on concerns the carmaker faces a "Kilimanjaro-like uphill climb" to hit profitability goals in the second half of the ...