Global Economy
Sompo International (Formerly Endurance) Will Grab Novae’s Financial Institutions’ Renewal Rights
Sompo International said its London market insurance platform will acquire Novae Syndicate Ltd.'s financial institutions renewal rights. Neither side is disclosing a specific purchase price. Through ...
What Warren Buffett Said About AI
There will be labor force "roadkill" that comes alongside the substantial benefits that society derives from the rising use of artificial intelligence, Berkshire Hathaway's Chairman Warren Buffett ...
Cyber Attacks From Governments or Criminals Are Hard to Distinguish
Veteran espionage researcher Jon DiMaggio was hot on the trail three months ago of what on the face of it looked like a menacing new industrial espionage attack by Russian cyber spies. All the ...
Berkshire Hathaway’s Gen Re Helps Launch Innovation/Technology Collaborative in Germany
Berkshire Hathaway's Gen Re is among insurers who recently helped found InsurLab Germany, a collaborative designed to foster new technologies and innovation in the industry. The initiative formally ...
Greenlight Capital Re Brings on Ex-SAC Re CEO Burton as New Leader
Greenlight Capital Re tapped a veteran Bermuda reinsurance executive as its new chief executive officer. Simon Burton is slated to become CEO of the hedge fund/specialist reinsurer as of July 1, 2017 ...
Trump Announces Plan to Withdraw From Climate Accord, Possibly Seek Better Deal
President Donald Trump announced the U.S. would withdraw from the Paris climate pact and that he will seek to renegotiate the international agreement in a way that treats American workers better. "So ...
FM Global Gets Luxembourg’s Approval to Launch Post-Brexit EU Hub
U.S. commercial property insurer FM Global has approved to run a European hub in Luxembourg, a move allowing it to issue policies in the European Union and other countries following Britain's ...
UK Labor Party Readies Brexit Negotiating Team as Election Campaign Gets Competitive
Jeremy Corbyn unveiled his team of Brexit negotiators, moving to dispel accusations by Prime Minister Theresa May that his Labour Party isn't prepared for Brexit talks starting soon after next week's ...