Global Economy
Still No Brexit Deal Despite Plenty of Compromises From UK PM May
U.K. Prime Minister Theresa May is trying to get her Brexit deal rewritten in Brussels to make it acceptable to Parliament. Since her deal was defeated by a massive 230 votes on Jan 15, May has made ...
U.S. Carriers Pursue Renewal of Federal Terrorism Risk Insurance Program
U.S. insurers are pushing for the extension of a federal terrorism risk insurance program, hoping to fend off a possible gap that would leave their clients scrambling for alternate coverage. The ...
Aon Scraps Plans to Pursue Willis Towers Watson Acquisition
Aon Plc said on Wednesday it had scrapped plans to pursue a merger with rival insurance brokerage Willis Towers Watson Plc, a day after it revealed it was in early stages of considering an all-stock ...
Berkshire Hathaway Launches Irish Insurance Subsidiary for Post-Brexit Operations
Berkshire Hathaway Insurance Group is readying for Brexit with news that its European division is launching an Irish subsidiary that will operate in the European Union. Based in Dublin, the Berkshire ...
Marriott CEO Will Testify Before U.S. Senate Panel On December Data Breach
Marriott International Inc Chief executive Arne Sorenson will testify before a U.S. Senate panel Thursday about a hacking incident it reported in December that exposed the records of up to 383 ...
The Latest Launches From Chubb/Aon and AGCS
Chubb and a catastrophe modeling firm will partner to develop a new terrorism risk model for Manhattan in New York City and other dense urban environments. Allianz Global Corporate & Specialty ...
AIG Sells Off Stake in China’s PICC Group With Few Gains
American International Group Inc. bought into The People's Insurance Co. (Group) of China Ltd. as a cornerstone investor in its initial public offering more than six years ago. Since that time -- ...
Insurers, Other Finance Firms Get 15-Month Regulatory Grace Period if No-Deal Brexit
British regulators will give banks, asset managers, insurers and brokers until mid-2020 to fully comply with rules that replace European Union law in the event of a no-deal Brexit. The Bank of ...