Global Economy
Brexit Talks Avoid Sensitive Topics as Work Begins on Future Setup
Talks between the U.K. and the European Union skirted around the biggest obstacles to a Brexit deal as officials settled on a list of topics to shape negotiations about the future. Negotiators didn't ...
QBE Invests in a Third AI Startup, With Plans to Use the Tech Internally
QBE Insurance Group Ltd.'s venture capital arm is betting once again on artificial intelligence with its third investment in the space—this time with a startup focused on developing the technology ...
AIG CEO Duperreault Promises Year-End Underwriting Profit; Investors Not Convinced
American International Group Inc executives on Thursday defended their strategy for transforming the company, saying some key improvements would take hold by year-end, but failed to convince ...
The Latest Launches From RMS and Marsh/Validus Specialty
RMS unveiled a new catastrophe model designed to address earthquake and tsunami risks in Japan. Marsh and Validus Specialty launched a new insurance product designed to manage U.S.-based fintech ...
This Year’s Global Insurance Symposium Innovators Promote Better Use of Existing Industry Products
For all the talk of technology disrupting insurance, most of the innovations unveiled at the 2018 Global Insurance Symposium were focused on helping consumers, agents, brokers and carriers make ...
AIG Continues to Struggle as Catastrophe Costs, Lower Yields Hammer Profit
American International Group Inc reported a 21 percent decline in first-quarter profit on Wednesday, due to higher catastrophe and bad weather claims, as well as weaker investment income. The insurer ...
A Brexit ‘No Deal’ Less Likely, Thanks to Crucial UK House of Lords Vote
The U.K.'s upper house sought to make it harder for Prime Minister Theresa May to take Britain out of the European Union without a deal by defeating her for a seventh time over the government's ...
Executives On The Move at Markel and Guy Carpenter
Specialist insurer Markel International appointed a veteran underwriter to its Marine team. Guy Carpenter & Company promoted one executive and hired another for its Bermuda operations. *** Markel ...