Global Economy
Brexit Turmoil Increases Likelihood of Widespread UK Business Interruption Risks
British companies selling everything from washing machines to flights, food and mortgages plan to spend tens of millions of pounds in case the political brinkmanship gripping the country leads to a ...
The Latest Launches From Willis Towers Watson and Travelers
Willis Towers Watson is debuting cover designed to address cyber exposures affecting airports around the globe. The Travelers Companies will pair with two other outfits to explore the potential ...
China Advances Plan to Let Foreign Insurers Control Local Joint Ventures
China will accept applications early next year from foreign insurers seeking to take control of their local joint ventures and is even weighing giving them full ownership earlier than flagged, people ...
China’s Ping An Insurance Invests in German Fintech Incubator
Ping An Insurance Group Co., China's biggest insurer by market value, led investors in injecting 41.5 million euros ($47 million) into Germany's Finleap GmbH in its latest round of funding. The ...
UK PM May, Facing Leadership Challenge, Warns Her Brexit Deal Remains Only Option
Theresa May said a challenge to her leadership would be a distraction from negotiating with the European Union, and that any new prime minister would face the same issues she does, as she urged ...
Swiss Re Backs Cover of U.S. Solar Power Output Risks
A tool designed as an insurance policy for solar-power generation will be used to manage the risk associated with U.S. residential systems for the first time as part of a financing agreement backing ...
Global Insurance Regulators Delay Applying ‘Too Big to Fail’ Label to Carriers
Global insurance regulators will put off singling out insurers deemed so important to the financial system that they are required to hold extra capital, in a victory for companies such as American ...
Executives On The Move at Liberty Mutual, Hamilton Re and Willis Towers Watson
Liberty Mutual Insurance appointed four executives who will beef up the technology capabilities of its chief information officer. Hamilton Re hired away a Hiscox Re executive to fill a newly created ...