Global Economy
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 ...
Ex-Berkley Exec Vetch Joins Hamilton Underwriting Ltd. as CFO
A former W.R. Berkley Corp. executive is now chief financial officer of Hamilton Underwriting Ltd., the managing agency of Syndicate 3334 and the Lloyd's operations of Hamilton Insurance Group. ...
Marriott Now Says Fewer Than 383 Million Customers Hit by Massive Hack Attack
Marriott International Inc said on Friday that fewer than 383 million customer records were stolen in a massive cyber attack disclosed last month, down from its initial estimate that up to 500 ...
Brexit Deal Fails to Earn Support From UK PM May’s Party
British Prime Minister Theresa May's bid to push her Brexit plans through parliament was dealt another blow on Friday when a survey showed most of her own party's members oppose the agreement and ...
Berkshire Hathaway Shares Keep Falling Despite Buybacks
Warren Buffett's revamped stock-repurchase policy can't seem to keep Berkshire Hathaway Inc. from falling. Berkshire's stock fell the most in 11 months on Thursday as some of its biggest equity ...
Arch Insurance Seals Purchase of Ardonagh’s UK Commercial Lines Business
Arch Insurance Europe has completed the acquisition of the UK commercial lines business owned by The Ardonagh Group and part of its Geo Underwriting operating segment. The acquired business, which ...
A New Way to Fight Cyber Attacks: Artificial Intelligence
Last year, Microsoft Corp.'s Azure security team detected suspicious activity in the cloud computing usage of a large retailer: One of the company's administrators, who usually logs on from New York, ...