Global Economy
Buffett’s Berkshire Hathaway Eliminates Stakes in Axalta, Biogen, Pares Other Drug Holdings
Warren Buffett's Berkshire Hathaway Inc said on Monday it trimmed or eliminated its stakes in several pharmaceutical companies, and reported a small new stake in a Merck & Co spinoff, Organon ...
Pearson Will Pay $1M to Settle Charges It Misled Investors Over Cyber Attack
London-based Pearson PLC will pay $1 million to settle charges it misled investors about a 2018 cyber intrusion involving the theft of millions of student records, the U.S. Securities and Exchange ...
Willis Towers Watson Chooses Hess as Its Next Leader
Insurance broker Willis Towers Watson chose Carl Hess as the company's new president and next chief executive officer. Hess, who currently serves as Willis Towers Watson's head of Investment, Risk ...
Boy Scouts Ask Judge to Approve $850M Bankruptcy Plan Despite Insurer Opposition
An attorney for the Boy Scouts of America told a Delaware judge on Thursday that the group's national board never adopted a resolution approving an $850 million agreement that is the linchpin of the ...
Executives On The Move at CNA, Enstar and Marsh
CNA promoted one of its veteran executives to run its Middle Market business. Enstar appointed an acting CFO after its current one resigned to pursue other opportunities. Marsh hired two former ...
Natural Catastrophe Losses Reached $40B in H1 2021, Hovering Near Record: Swiss Re
Estimated insured losses from natural catastrophes reached $40 billion during the first half of 2021 — driven by a deep winter freeze, hailstorms and wildfires — while man-made disasters ...
Insurance Broker Gallagher Seals Deal to Acquire Willis Re
Insurance broker Arthur J Gallagher & Co said on Friday it had agreed to buy the treaty reinsurance brokerage business of Willis Towers Watson for an initial consideration of $3.25 billion. The ...
Argo Group Makes Four Executive Appointments as Part of Streamlining Effort
Specialty insurer Argo Group International Holdings, Ltd. has made a number of new executive appointments designed to help streamline its organizational structure. "These organizational changes will ...