Global Economy
Allianz Reportedly Considering Bid for Deutsche Bank’s Asset Management Business
Allianz and Amundi are both considering deals to take over Deutsche Bank's asset management unit DWS, sources close to the matter said on Wednesday. Germany's biggest bank is looking at a possible ...
Carcinogen-Tainted Heart Drugs Lead to a Wave of Lawsuits
Dozens of lawsuits have been filed against drug makers and sellers over widely prescribed generic heart medications tainted with potential carcinogens, the first claims in what some lawyers expect to ...
Cyber Attacks on Businesses and the Losses They Inflict Are Rising
Cyber attacks on businesses around the globe are on the rise, as well as the losses they inflict. Approximately 61 percent of firms dealt with a cyber attack over the last year, compared to 45 ...
The Latest Launches From Travelers and Pie Insurance
Travelers has come out with a new mobile app designed to help business insurance customers access numerous risk management tools. Pie Insurance has expanded its workers compensation coverage for ...
Marsh, Guy Carpenter, JLT Combining Latin America Facultative Reinsurance Operations
Marsh, Guy Carpenter and Jardine Lloyd Thompson Group, all now under a single corporate umbrella, are planning to combine their facultative reinsurance operations in Latin America. The action ...
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 ...