Global Economy
An El Niño Seems Likely to Emerge This Spring
There is a 65 percent chance of an El Niño weather pattern emerging during the northern hemisphere spring this year, a U.S. government weather forecaster said on Thursday. "However, given the timing ...
EU Seeks to Give Insurance, Other Finance Regulators More Post-Brexit Powers
The European Union moved a step closer on Thursday to beefing up its regulators to increase safeguards for consumers and create an EU capital market that reduces the bloc's reliance on Britain's ...
Liberty Mutual Once Again Taps Capital Markets’ Reinsurance Capacity
Liberty Mutual has once again directly tapped capital markets' reinsurance capacity via the Bermuda collateralized reinsurance sidecar, Limestone Re Ltd. Limestone Re provides approximately $150 ...
J&J May Never Have to Pay Its $4.7 Billion Baby Powder Court Loss
A $4.7 billion jury verdict against Johnson & Johnson in July helped spark the company's biggest annual share loss in a decade, spotlighting the potential cost of alleged health risks from its ...
AmTrust, Newly Private, Discloses Leadership Changes and a Strategic Plan
AmTrust Financial Services Inc., beginning 2019 as a private company, disclosed some leadership changes and a broad strategic plan. The specialty commercial property/casualty insurer completed its ...
Executives On The Move at AXIS, AXA XL and W.R. Berkley’s Acadia Insurance
AXIS Capital Holdings brought in a former Allstate executive as its new chief analytics officer. AXA XL hired on a new executive for its Excess Casualty Insurance team. W.R. Berkley Corp.'s Acadia ...
HDI Global Specialty SE Makes Its Debut
A new specialty lines insurer is making its debut – HDI Global Specialty SE. HDI Global Specialty SE was created by merging Hannover Re's and HDI Global SE's specialty lines. HDI Global SE holds ...
Still More Brexit Drama: UK PM May Warns of ‘Uncharted Territory’ With Rejected Deal
Prime Minister Theresa May said on Sunday that Britain would be in uncharted territory if her Brexit deal is rejected by parliament later this month, despite little sign that she has won over ...