Global Economy
RenRe, RGA Launch Langhorne Re, a Life/Annuity Reinsurer
Catastrophe reinsurer RenaissanceRe is getting into the life/annuity reinsurance business. The company disclosed that it, along with Reinsurance Group of America, a global life insurer, have launched ...
NYC Suit Against Oil Companies Over Climate Change Damage Faces Uphill Battle
New York City's effort to hold oil and gas producers responsible for costs related to the environmental effects of their products faces an uphill battle as it tries to stretch current law to address ...
Wildfires, Trump Tax Cuts to Cause XL Group Some Q4 Pain
Fourth-quarter natural catastrophes took a toll on XL Group Ltd.'s bottom line, and the new Trump tax cuts will also cause some temporary pain, based on revised estimates from the Bermuda-based ...
Allianz Group Will Acquire DAS Switzerland, a Legal Protection Insurer, From Munich Re’s ERGO
Allianz Group has agreed to acquire the legal protection insurer DAS Switzerland and the assets of DAS Luxembourg and Slovakia from German insurance group ERGO Group AG, the Munich Re subsidiary. The ...
Truck Owners Sue Ford, Alleging Diesel Emissions Were Rigged
Ford Motor Co. rigged at least 500,000 heavy-duty trucks to beat emissions tests, drivers claimed in a lawsuit, adding to the tally of carmakers linked to diesel-cheating allegations worldwide that ...
AIG Reportedly Weighed $10B Bid for Voya Financial
American International Group Inc. may be back in the market for large-scale deals. The insurer was in talks to buy Voya Financial Inc. in a transaction valued at more than $10 billion before ...
Berkshire Hathaway Promotes Likely Buffett Successors Abel and Jain
Berkshire Hathaway Inc on Wednesday promoted two of its top executives, Gregory Abel and Ajit Jain, adding them to its board and cementing their status as the most likely successors to Warren Buffett ...
Executives On The Move at Hiscox, Kemper and Hub International
Hiscox promoted an executive to become its latest chief underwriting officer in the U.S., replacing another individual who is retiring. Kemper Corp. brought in a former CNO Financial Group executive ...