Global Economy
China Taiping Insurance Group Wants to Buy $1.3B Hong Kong Tower
A unit of state-owned China Taiping Insurance Group is in advanced talks to acquire a newly built office tower in Hong Kong from Henderson Land Development Co., according to people with knowledge of ...
AIG Names New Division Leaders for Lexington Insurance, North America General Insurance
American International Group recently made two new major domestic executive appointments: Lex Baugh is AIG's new chief executive officer, North America General Insurance, and George Stratts has been ...
Britain’s Legal & General Is Expanding Into Japan
British's third-largest insurer, Legal & General, is launching an operation in Japan to offer company pension scheme insurance and investment management, Chief Executive Nigel Wilson said on ...
Fracking Poised to Resume in UK, 6 Years After Tremors Halted the Practice
Six years after Britain's first fracking operation was stymied by earth tremors, its shale gas industry is poised to try again with a technology that could transform the UK gas market and drastically ...
UK Regulator Launch Investigation of Wholesale Insurance Brokers
Britain's financial services industry regulator is to launch later this week a long-promised investigation into competition in the wholesale insurance broking market, where one top executive has ...
Hurricanes Also Hurt Liberty Mutual’s Q3 Results
Liberty Mutual Holding Co. Inc. reported a net loss of $665 million for the three months ended September 30, 2017, versus net income of $455 million for the same period in 2016. The net loss in the ...
AIG’s $836M Reserve Boost Spooks Investors; Shares Drop
American International Group Inc shares sank 4.5 percent on Friday as investors reacted to a surprise $836 million boost to the insurance giant's reserves, related to prior-year accident claims. AIG ...
Pollution Costs $4.6 Trillion, Claims 9 Million Lives in a Year
Pollution in all its forms killed 9 million people in 2015 and, by one measure, led to economic damage of $4.6 trillion, according to a new estimate by researchers who hope to put the health costs of ...