Global Economy
Global Warming May Be Speeding Up: Harvard Scientists
Two climate scientists suggest they've come closer to resolving a critical debate about how quickly human activity will heat up the planet. The answer isn't good news. It's almost universally ...
AmTrust Signs $400M Reinsurance Agreement With Premia Re
AmTrust Financial Services inked a reinsurance agreement with Premia Reinsurance Ltd. The cover addresses loss reserve development up to $400 million over the company's stated reserves of $6.59 ...
Berkshire Hathaway’s $9B Oncor Purchase Agreement Represents Big Bet on Power
Warren Buffett's Berkshire Hathaway Inc said on Friday it agreed to pay $9 billion to buy the parent of Texas power transmission company Oncor Electric Delivery Co, stepping up its pursuit of steady ...
The Latest Launches From Swiss Re/Ping An and Chubb
Swiss Re and Ping An Property & Casualty Insurance Company in China debuted a new product for the China market. Chubb said it has once again updated coverage options for technology companies ...
Insurers May Face $2.5B in Claims With Next WannaCry Cyber Attack
Cyber crime insurers largely avoided costly claims from the recent attacks that hit business around the globe. The next global virus could change that. "It's exceptionally likely that we will see an ...
Watsa’s Fairfax Financial Closes ‘Most Significant’ Deal Yet: $4.9B Allied World Acquisition
Fairfax Financial Holdings Ltd., the Toronto-based investment and insurance company, has successfully completed its acquisition of Allied World Assurance Co. Holdings, for $4.9 billion – marking ...
Swiss Re Switches $130B in Liquid Assets to Track Ethical Indices
Swiss Re is switching the entire $130 billion it holds in liquid assets to track ethical indices, the latest move towards principled investments by the insurance industry. The world's second-largest ...
New AIG Global COO Zaffino Gets Initial Pay Package Worth Over $8.5M
American International Group's new Global Chief Operating Officer Peter Zaffino starts his tenure at the struggling insurer with an initial pay package worth more than $8.5 million, according to a ...