Global Economy
A New Brexit Referendum? Liberal Democrats See Possibility
Is Prime Minister Theresa May mulling a second referendum on Brexit? Liberal Democrat leader Vince Cable certainly seems to think so. Out canvassing for the May 23 European elections in a leafy ...
The Latest Launches From CNA and Starr Insurance Companies
CNA Hardy beefed up its cyber policy with a new pre-breach service and additional coverages. Starr Insurance Companies and SkyWatch Ltd. have expanded their drone insurance program. *** CNA Hardy, a ...
Liberty Mutual Sees Net Income Expand, Underwriting Margins Improve
Liberty Mutual Holding Company reported an increase in net income for its 2019 first quarter, thanks to improved underwriting margins and fewer catastrophe losses. The Boston-based insurer booked ...
Lloyd’s Invests in AI Startup Developing Liability Insurance Platform for Small Businesses
Lloyd's announced it is investing in Layr, a cloud-based commercial insurance platform for small businesses looking to purchase liability insurance. The investment follows Layr's successful trial in ...
Cryptocurrency Exchange Giant Reports Hack Attack
Binance, one of the world's largest cryptocurrency exchanges, said hackers withdrew 7,000 bitcoins worth about $40 million via a single transaction in a "large scale security breach," the latest in a ...
Zurich Insurance Said It Will Meet or Beat Its 2019 Financial Targets
Zurich Insurance is on track to meet or beat its financial targets to 2019 and is seeing positive trends in property and casualty (P&C) insurance pricing. Europe's fifth-biggest insurer made the ...
Brexit Could Hamper EU AI Technology Development: Official
The loss of the U.K.'s financial power and expertise as a result of Brexit is likely to exacerbate the European Union's lag in the global technological arms race, according to Anders Borg, a former ...
Acquisition Alert: Generali Seeking Small and Medium-Sized Targets
Italy's biggest insurer Generali is looking at small and medium-sized insurance companies in Europe to strengthen its presence in the region, it said on Tuesday. Generali said in November it had up ...