Global Economy
With Climate Change, Uninsurable Basements Are in New York and Mumbai’s Future
Private property below ground in New York and Mumbai may not be insurable in the next decade if climate change advances, the head of one of Europe's largest insurers said. "If you go much further to ...
VC Firm Backed by Ex-Intelligence Chiefs Plans EU-Wide Cybersecurity Firm
A venture capital fund advised by former British and U.S. intelligence officials is planning a string of acquisitions to create a pan-European cybersecurity specialist. C5 Capital aims to create a ...
AIG, Argo, EMC CEOs Stress Importance of Balanced Regulatory Environment
At the Insurance Information Institute's (I.I.I.) 2018 P/C Joint Industry Forum, held January 16 at New York City's Marriott Marquis, panelists stressed the importance of a balanced regulatory ...
Cybersecurity Firm Optiv Expands Into Europe, Seeks Acquisitions
Optiv Security, an acquisitive Denver-based company backed by private equity firm KKR, is expanding into Europe, where it will offer its cybersecurity management and consultancy services, executives ...
AXIS Capital Weaves Greater Tech Use Into New Reorg Plan
AXIS Capital Holdings is reorganizing its operations in a bid to focus more on technology and innovation, with an eye on long-term profitable growth. Executives hope to put the new changes in place ...
U.S. Threatens to Sue Generic-Drug Makers in Price-Fixing Probe; Shares Fall
Shares of generic-drug makers including Mylan NV and Teva Pharmaceutical Industries Ltd. fell after the Justice Department's antitrust division said it might sue them for damages in a price-fixing ...
Most UK Lawmakers See Staying in EU Market as Honoring Brexit
A majority of U.K. lawmakers think that remaining in the European Union's single market is compatible with honoring the Brexit referendum result, according to a survey of members of parliament. The ...
Berkshire Hathaway Vice Chairman Jain Holds $109M in Company Shares
One of Warren Buffett's top deputies has amassed a stake in Berkshire Hathaway Inc. valued at more than $100 million. Ajit Jain, the insurance executive who was named a vice chairman of Buffett's ...