Global Economy
Executives On The Move At AIG and Argo Group
AIG brought in a veteran insurance industry financial executive to be its new chief accounting officer. Argo Group appointed a retired Allied World executive to its board of directors. *** American ...
Wait Before You Ask About AIG’s Next M&A Target
Now that American International Group has finally closed its $5.6 billion acquisition of Validus Holdings, an unspoken question has been: What's the next acquisition target? The issue came up during ...
UK PM May Remains Hopeful About Brexit Deal Despite Trade Secretary’s Pessimism
Theresa May still believes that a Brexit deal with the European Union is likelier than not, according to her spokesman, despite her Trade Secretary Liam Fox saying the opposite over the weekend. "We ...
California, Battered by Wildfires, Rejects Trump’s Proposed Clean-Air Plan Rollbacks
With his proposal to roll back fuel economy and emissions standards for cars and trucks Thursday, President Donald Trump drew a line in the California sand. The nation's most populous state wasted no ...
Munich Re Will Halt Investment in Coal-Related Businesses
Munich Re, the world's biggest reinsurer, will stop investing in bonds and shares of companies that generate more than 30 percent of their sales with coal-related business, its chief executive said, ...
The Latest Launches From Beazley and QBE North America
Beazley has a new consortium at Lloyd's designed to boost capacity for wage & hour risks. QBE North America expanded its operating agreement with a specialist professional liability managing ...
Berkshire Hathaway’s Insurance Underwriting Returns to Profit, Driving Successful Q2
This year's looking brighter for Berkshire Hathaway Inc.'s insurance businesses after 2017's hurricanes led to the first annual underwriting loss in more than a decade. Auto insurer Geico and the ...
Allianz Beats Profit Estimates, Thanks to PIMCO Momentum
Even after outflows hit Pimco in the last quarter, Allianz SE's giant bond fund unit is on a roll. In an industry plagued by ever-shrinking margins, Pacific Investment Management Co. and its smaller ...