Global Economy
British PM May Gains Some Hope as Brexit Deadline Reaches Final Stretch
British Prime Minister Theresa May came away from a day in an increasingly impatient Brussels on Thursday with a pledge of renewed talks that held out some hope for a new Brexit deal, if no sign of ...
Chubb CEO Greenberg Downplays Strength of New High-Net-Worth Personal Lines Rivals
Chubb's high-net-worth personal lines insurance business may have some new competition, but Chairman and CEO Evan Greenberg and a key executive say those rivals haven't made much of a dent. "From my ...
Judge Pauses Lawsuits Against Canadian Cryptocurrency Company Whose Founder Died
A cryptocurrency platform that lost access to millions of dollars when its founder died with sole knowledge of company passwords has been granted a temporary reprieve from creditor lawsuits. Halifax ...
The Latest Launches From Beazley and Sompo International
Beazley has combined its cyber and executive risk capabilities into a new division. Sompo Global Risk Solutions (GRS) will offer specialized property and liability protection to U.S. banks and ...
Death of Crypto Exchange Founder Means Startup Can’t Retrieve Digital Assets
Digital-asset exchange Quadriga CX has a $200 million problem with no obvious solution -- just the latest cautionary tale in the unregulated world of cryptocurrencies. The online startup can't ...
Hiscox, Chubb Among Investors With CoverHound’s New $58M Series D Financing
Multiple carriers participated in CoverHound's new $58 million Series D financing, money the online insurance comparison shopping platform plans to use to fuel global expansion. Hiscox led the round, ...
SCOR’s CEO Counters Angry Investors With Promises of New Strategy
French reinsurer Scor's Chief Executive Denis Kessler promised on Tuesday to release a strategic plan that would set new targets for the company, in a move to assuage an activist fund that questioned ...
UK Businesses Pull Back Due to Fears of ‘The Hardest of Brexits’: Deloitte Survey
Major British businesses' appetite to take on financial risk has fallen to its lowest level in nearly a decade due to fears of "the hardest of Brexits" and rising U.S. protectionism, a survey by ...