Global Economy
Global Supply Chains Falter as Inflation Continues and Virus Levels Jump
A U.S. Federal Reserve divided over how to respond to fast-rising prices meets this week with the fresh complication of increased coronavirus infections and a global supply chain that, far from ...
U.S. FTC Has Until Aug. 18 to File Amended Facebook Complaint
A U.S. judge on Friday gave the U.S. Federal Trade Commission until Aug. 19 to file an amended complaint in its antitrust lawsuit against Facebook Inc, an extension of three weeks from the previous ...
Aon and Willis Towers Watson Abandon $30B Merger Deal; DOJ Suit Halted Momentum
Aon plc and Willis Towers Watson announced that the firms have agreed to terminate their business combination agreement and end litigation with the U.S. Department of Justice. The proposed ...
Expect a Quicker, More Robust Global Insurance Recovery Than in 2008: Swiss Re
The global insurance industry is poised to recover more quickly and forcefully from the pandemic than it did after the 2008 financial crisis, despite such obstacles as low interest rates and ...
Chubb Establishes Aviation Hub in Canada
Chubb announced that it has set up an aviation hub in Canada to develop further its domestic general aviation and non-major aerospace business. The Canadian Aviation hub is part of a new regional ...
InsurTech bolttech, Flush With Cash, Snatches Up Berlin-Based Digital Platform
The InsurTech startup bolttech announced it has acquired i-surance, a next-generation B2B2C digital insurance platform based in Berlin. Financial details of the deal were not disclosed. The ...
Chubb CEO Greenberg, Others Testify Before U.S. Senate Panel on Insuring Pandemic Risk
New Jersey business owner Adenah Bayoh told a U.S. Senate committee hearing on Wednesday she paid about $275,000 a year to insure her group of restaurants, only to discover the limits of her policy ...
Executives On The Move at Liberty Mutual and Swiss Re
Liberty Mutual named a new President and Chief Operating Officer for its Global Retail Markets U.S. operations. Swiss Re Corporate Solutions appointed two executives to its International Programs ...