Global Economy
Executives On The Move at CNA and AXIS Capital Holdings
CNA appointed a former Chubb executive in a leadership role focused on underwriting for financial institutions. AXIS Insurance, a business segment of AXIS Capital Holdings Limited, promoted an ...
London Officials Say Brexit-Related Financial Job Losses May Be Less Than Feared
British banking, insurance and asset management job losses to the European Union due to Brexit might not be as heavy as initially feared, the City of London financial district said on Monday. Jeremy ...
Patches Pitched to Address Cyber Hacking Risks Created by Intel Chip Flaws
Security issues with Intel Corp microchips are only slowing computers slightly, technology companies said, as researchers played down the need for mass hardware replacements to protect millions of ...
The Latest Launches From Travelers, Starr Companies, Neon and More
Travelers' European unit is now marketing beefed-up cyber insurance coverage for UK and Ireland-based tech clients. Starr Companies is touting a new crisis coverage endorsement. Neon launched what it ...
Aon Completes $475M Agreement to Acquire The Townsend Group
Insurance brokerage and consultant Aon has completed its $475 million acquisition of The Townsend Group, a global investment management and advisory services firm focused on real estate and real ...
Widespread Reinsurance Price Hikes Unlikely Even After Record 2017 Catastrophe Losses: Willis Re
The estimated $136 billion in catastrophe loss estimates for 2017 is one for the record books. But resulting, widespread reinsurance price hikes in 2018 aren't likely, Willis Re said in a new report. ...
UK Official Warns EU Can’t ‘Cherry Pick’ Post-Brexit Trade Deal
The European Union can't pick and choose which bits of its economic relationship with Britain it maintains and which it eliminates in any future trade deal, U.K. Brexit Secretary David Davis said, ...
China’s Fosun Group Turns to Local M&A; $3B in New Bonds Reportedly Planned
Fosun Group is planning to raise as much as 21 billion yuan ($3.2 billion) selling local bonds as the Chinese insurance-to-pharmaceutical conglomerate refinances debt and increases its investments ...