Global Economy
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 ...
Possible Brexit Casualty: 75,000 UK Insurance and Banking Jobs
Sam Woods, Britain's top banking regulator, said a consultancy's estimate that Brexit could cause as many as 75,000 job losses in banking and insurance is "plausible" if the U.K. leaves the European ...
EU, UK, Near Agreement on Faster-Paced Brexit Talks
The European Union's chief Brexit negotiator said he's ready to intensify the pace of talks with the U.K, as the window of opportunity to begin trade talks this year is closing. "I'm ready to speed ...