Global Economy
Sharing Economy Booming in China: Latest Wave Includes Umbrellas, Basketballs
Fancy shooting some hoops, but don't have a basketball? Caught in the rain with no umbrella? Smartphone run out of juice? China's rapidly expanding "sharing economy," which already provides car rides ...
Eastern European Nations Push for Soft Brexit Deal
Eastern members of the European Union are pushing for a soft separation with Britain, hoping that this would protect the rights of millions of east Europeans living and working there. Top policy ...
Zurich’s North America Commercial Insurance Arm Revamped to Include Specialty Products
Zurich North America's streamlining continues with another new change. The insurer's Specialty Products business is being brought together with its North America Commercial Insurance arm. Zurich, in ...
The Latest Launches From Beazley and Ironshore
Beazley will underwrite new coverage that helps cover administrative burden and fees involved with processing ticket refunds for attendees who can't attend an event that is otherwise being held as ...
U.S. Accuses Fiat Chrysler of Excess Emissions in Diesel Vehicles
The U.S. government filed a civil lawsuit on Tuesday accusing Fiat Chrysler Automobiles NV of illegally using software to bypass emission controls in 104,000 diesel vehicles sold since 2014. The U.S. ...
Duperreault’s AIG Arrival Helped Free It From A.M. Best Review With Negative Implications
A.M. Best released American International Group from "under review" special scrutiny, in part because the struggling insurance giant brought in industry veteran Brian Duperreault to help right the ...
Italian Defense Company Will Release Anti-Ransomware Tool After ‘WannaCry’ Attacks
When a wave of ransom-requesting cyber attacks hit computers across the globe earlier this month, Leonardo SpA cyber-security experts had already warned clients that a larger-than-usual strike was ...
Executives On The Move at XL Catlin and JLT Specialty USA
An ex-Zurich Insurance exec is coming to XL Catlin in a major leadership role. JLT Specialty USA appointed a new vice president who will help assist the restructuring community in solving complex ...