Global Economy
Icahn’s On Board: AmTrust Agrees to Go Private With Enhanced, $2.95B Buyout Offer
U.S. insurer AmTrust Financial Services Inc on Thursday agreed to be acquired by a group of investors for a sweetened $2.95 billion deal that also helped secure the support of dissenting shareholder ...
Disaster Response Elicits Far Greater Spending Than Risk Reduction: Zurich Insurance
In the wake of last year's unusually harsh catastrophe events, insurers' clients are playing catch-up with their disaster risk management strategies, Zurich Insurance concluded in a new report. ...
UK Political Battle Brewing That Could Drastically Alter Brexit
Twelve rebel Conservatives have signed an amendment calling for the U.K. to stay in the Europe Union's single market, edging toward a common front with the main opposition Labour Party that could ...
The Schinnerer Group Will Rebrand as Victor
The Schinnerer Group is rebranding as Victor, and most of the company's individual global businesses will take on the new name. Schinnerer businesses that will rebrand as Victor over the next year ...
Post-Brexit UK Will Keep Focus on Financial Services: Govt. Minister
Financial services will remain a "guiding light" for Britain's economy after Brexit and there is no intention to "rip up the rulebook" to compete better as a top financial center, a government ...
Executives On The Move at XL Catlin, BHSI, Munich Re and Guy Carpenter
XL Catlin announced two new executive appointments. Berkshire Hathaway Specialty Insurance has a new leader for its Australasia unit. Munich Re America appointed a rising executive to a newly created ...
Insurers Limit Cyber Coverage for Energy Companies, Leaving Taxpayers, Customers at Risk
Insurers are limiting how much coverage energy companies can buy to protect themselves against a major attack by hackers, potentially leaving investors, customers and taxpayers on the hook for ...
It Will Cost a Cool $3.3M for This Special Lunch With Warren Buffett
The chance to dine with Warren Buffett costs $3.3 million this year. That was the winning bid for a lunch with the billionaire investor in a week-long charity auction that concluded Friday on EBay ...