Global Economy
Brexit Inertia Leaves London’s Finance Workers With Summer Slump
The weeks before Easter are usually some of the busiest of the year for bankers, lawyers and consultants in the City of London, as clients rush to get deals done before a run of public holidays. But ...
Hannover Re Joins Carriers Scaling Back Coal-Based Risks
Hannover Re announced it is scaling back its exposure to coal-fired power plants and coal mines, joining a growing list of insurers and reinsurers that have made similar moves. In addition to ...
Sears Sues Former Chairman and His Hedge Fund, Alleging Looting of Assets
Sears Holdings Corp sued longtime former Chairman Eddie Lampert, his hedge fund ESL Investments and others like Treasury Secretary Steven Mnuchin, claiming they illegally siphoned billions of dollars ...
AI-Based InsurTech Cytora Raises $32.5 Million, With Focus on Commercial Insurance
Cytora, a developer of artificial intelligence-based products and services for the commercial insurance industry, has raised $32.5 million in new financing. The London-based startup said it will use ...
Munich Re Syndicate Singapore Inks Partnership With Lloyd’s Coverholder Nectar Specialty Risk
Munich Re Syndicate Singapore (MRSS) is partnering with a Singapore-based limited liability company and Lloyd's coverholder that provides tailor-made insurance and reinsurance products and services. ...
Executives On The Move at Sompo International and Liberty Mutual
Sompo International Holdings Ltd. promoted two executives. Liberty Mutual named a financial industry executive to its board of directors.***
Sompo International ...
Facebook ‘Unintentionally Uploaded’ Email Contacts of Up to 1.5M Users
Facebook Inc. said it may have "unintentionally uploaded" email contacts of 1.5 million new users since May 2016, in what seems to be the latest privacy-related issue faced by the social media ...
Travelers Reports Improved Underwriting, Lower Catastrophe Losses
Insurer Travelers Companies Inc.'s quarterly profit beat analysts' estimates on Thursday, as improved underwriting and lower catastrophe losses offset a decline in net investment income. New ...