Global Economy
Once Again, the U.S. Asks SCOTUS to Stop Teens’ Climate-Change Lawsuit
President Donald Trump's administration asked the U.S. Supreme Court stop a novel and sweeping lawsuit pressed by children and teenagers seeking to force the federal government to take steps against ...
Liberty Mutual Is Pursuing Strategic Review of Pembroke Managing Agency
Liberty Mutual Insurance announced it is undertaking a strategic review of its London-based Pembroke Managing Agency Ltd., acquired through the lronshore purchase in May of 2017. The company has ...
An Extended Brexit Transition Could Ease Deadlocked Negotiations: UK PM May
U.K. Prime Minister Theresa May said she is weighing a plan that would keep the U.K. bound to European rules for longer, in an attempt to break the deadlock in talks. May confirmed on Thursday that ...
Chubb Appoints Gonsalves as New Division President of Bermuda
Chubb named Judy Gonsalves as its new division president of Bermuda. Gonsalves, who was also given the title of vice president, will be responsible for the Bermuda-based commercial property/casualty ...
Most Cyber Attacks on UK Come From Hostile States: Security Officials
The U.K.'s National Cyber Security Centre blamed hostile foreign states for the majority of the 1,167 attacks it has handled in the two years it's been running, equivalent to 10 assaults a week. In ...
Brexit Hasn’t Diminished London’s Ability to Attract Finance Sector Investment
Britain's financial sector brushed off Brexit uncertainty in 2017 to attract more inward investment than eight rival centers vying for its business, the City of London Corporation said on Wednesday. ...
Neal Begins Stint as Lloyd’s CEO
New Lloyd's CEO John Neal officially took the reins of the specialist insurance and reinsurance market on Oct. 15. Neal, a 30-year insurance industry veteran, was most recently group CEO of QBE ...
Bank of England Urges Insurers, Financial Institutions to Form Credible Climate Change Plans
Britain's banks and insurers must come up with credible plans for protecting themselves against risks from climate change and may need to hold more capital, the Bank of England said on Monday. ...