Global Economy
Can Breakfast Restart Brexit Talks? Stay Tuned
British Prime Minister Theresa May will try to unblock Brexit negotiations over breakfast with her Irish counterpart Leo Varadkar on Friday as she battles to persuade European leaders to allow talks ...
UK Broker Probe Could Help Boost London Insurance Market Competitiveness: Fitch
The UK Financial Conduct Authority's review of the wholesale insurance broker market could help counter the trend of rising expenses for London market insurers, according to a Fitch Ratings briefing. ...
Hedge Funds Are Betting on a Reinsurance Recovery
Hedge funds bought reinsurance stocks in the third quarter after prices tumbled on widespread losses after multiple hurricanes in North America, filings showed on Wednesday. Hurricanes in the United ...
European Insurers Surpass U.S. Rivals in Coal Investment Exits: Campaign Group
Insurers have pulled $20 billion out of coal investments, but most are European and none of the top nine U.S. insurers has taken "meaningful action," campaign group Unfriend Coal said on Wednesday. ...
VW Will Cough Up $69M to Settle Emissions Suits in New Jersey
Volkswagen AG confirmed on Tuesday it has agreed to pay $69 million to settle New Jersey state diesel emissions claims, one of the last major outstanding diesel legal issues the German automaker ...
AXA Will Push P/C, Protection and Health Insurance Growth Through 2020
French insurer AXA confirmed its key 2020 financial targets on Tuesday after announcing a management shake-up that saw the departure of several senior executives. Chief Executive Thomas Buberl, at ...
China Will Let Overseas Firms Buy Majority Stakes in Its Domestic Insurers
China took a major step toward the long-awaited opening of its financial system, saying it will remove foreign ownership limits on banks while allowing overseas firms to take majority stakes in local ...
Global ‘Too Big to Fail’ Insurer Assessment Reportedly Going Away
Global financial regulators have decided to ditch a "too big to fail" gauge for assessing the riskiness of insurers, according to a source briefed on the matter, in a big win for companies such as ...