Global Economy
With an Eye on Avoiding Financial-Market Chaos, EU Unveils No-Deal Brexit Plans
The European Union pledged to allow U.K. financial infrastructure firms such as London Stock Exchange Group Plc's clearing unit to continue serving the bloc in the event of a no-deal Brexit. The ...
Assurant Revamps With an Eye on Growth and Greater Technology Use
Assurant revamped its operating structure and made a new senior management appointments – changes designed to help the company grow more quickly and increase its use of technology. "As the needs of ...
Domestic Opposition Mounts to UK PM May’s Brexit Plans
British Prime Minister Theresa May's Brexit strategy came under attack from all sides on Monday, putting in doubt her ability to steer any agreement through parliament and raising the risk of a ...
Allianz: Combined Ratio Drops, 2018 Profit Predictions Reach High End of Target Range
Allianz is "highly likely" to reach the upper half of its 2018 profit target range, Chief Financial Officer Giulio Terzariol said as the German insurer cited lower costs and claims in its third ...
Allianz’s PIMCO, Others, Sue 16 Big Banks In U.S., Alleging Currency Market Rigging
A group of large institutional investors including BlackRock Inc and Allianz SE's Pacific Investment Management Co has sued 16 major banks, accusing them of rigging prices in the roughly $5.1 ...
Generali Beats Expectations as 9-Month Net Profit Rises 27 Percent
Italy's top insurer Generali said on Thursday its net profit in the first nine months of the year rose 26.8 percent to beat expectations, lifted by stronger life premiums and disposals. Net profit ...
Zurich, Hammered by Storm Losses, Boosts 9-Month Revenue
Zurich Insurance posted a 2 percent rise in nine-month property and casualty premiums and confirmed its financial targets on Thursday despite a hit from larger-than-expected natural catastrophe ...
14 Commercial Insurance Lines Face Upward Pricing Pressure in 2019: Willis Towers Watson
Expect upward pricing pressure on 14 commercial insurance lines in 2019, with likely decreases in another two, Willis Towers Watson predicts in its latest report. Higher losses in casualty insurance ...