Executives On The Move at Chubb and AXIS
Chubb's Westchester division promoted an executive to a new role. AXIS Re appointed an executive to a leadership role within its AXIS Re Strategic Partners division.
Global Economy
EU OKs $30B Aon/Willis Towers Watson Merger; U.S. Roadblocks Remain
The European Commission has approved the acquisition of Willis Towers Watson by Aon, lifting a major roadblock to the proposed $30 billion merger. But there are more roadblocks to overcome. The ...
Canada Halts Trains for 48 Hours in Parts of B.C. After Wildfire Surge
Canada on Friday ordered trains to cease operations for 48 hours in areas of British Columbia hit by a recent spate of wildfires, including one that wiped out an entire town and killed two people, ...
15 More U.S. States Reach Settlement in OxyContin Maker Purdue Bankruptcy
Fifteen more states reached an agreement with Purdue Pharma LP and members of its wealthy Sackler family owners that moved the OxyContin maker a step closer to resolving widespread opioid litigation ...
Tokio Marine, Other Frustrated Olympic Sponsors Cut Back Promotional Events
Japanese Olympics sponsors are canceling or scaling back booths and promotional events tied to the Tokyo 2020 Games, frustrated by "very last minute" decisions by organizers and a delay on whether ...
Global Financial Regulators Seek Coordinated Efforts to Prepare for Climate Change Risks
The world's top financial regulators want to coordinate efforts to prepare for potential risks from climate change as authorities still lack common standards for assessing what could be one of the ...
Wildfire Risks Worsen With Record High Temperatures Hitting Nordic Region and Arctic Circle
Record-high temperatures from Canada to Scandinavia and intense wildfires flaring up from California to Russia's Far East are adding to extreme weather events recorded at the start of the summer in ...
The Insurance Industry’s Diversity Quest: One Size Does Not Fit All
In the wake of massive protests last year focused on racial equity and social justice, insurers are among the many industries confronting the need to incorporate more diversity into their hiring and ...