Global Economy
Trov, an On-Demand Insurance Startup, Raises $45M to Fuel Global Expansion
On-demand insurance startup Trov raised $45 million in Series D financing, with plans to use it for an accelerated global expansion. The money will also fuel an expansion of what items Trov covers ...
SCOTUS Will Consider Company Exposure to Human-Rights Suits
The U.S. Supreme Court agreed to use a case stemming from Middle Eastern terrorism to decide whether victims of overseas atrocities can use a two-century-old federal law to sue corporations for ...
The Latest Launches From Lemonade, QBE, FM Global and More
P2P startup Lemonade gained its license to start selling renters and homeowners insurance in Illinois. QBA North America and a few partners will start offering a new national workers' compensation ...
Michael O’Halleran, an Influential Aon Executive, Will Retire After 37 Years
Aon Benfield, the global reinsurance intermediary and capital adviser of Aon plc, announced that Michael O'Halleran will retire after 37 years of service. From his founding role as leader of Aon Re ...
AIG’s Turnaround Plan Is at Risk Due to Morale Crisis: UBS Analysis
A morale crisis at American International Group Inc could prevent the U.S. insurance company from keeping and hiring the talent it needs to propel it through its financial turnaround, UBS said in an ...
AIG Chairman Backs Departing CEO’s Strategy, Opposing Breakup
American International Group Inc.'s chairman reaffirmed support for the course charted by Peter Hancock, even after the CEO announced he was stepping down because of insufficient investor backing. ...
AmTrust Soars on NASDAQ After Filing Delayed 2016 Annual Report
After two delays, AmTrust Financial Services has finally released its 2016 annual report and updated financials dating back to 2014. Investors appear to be elated by the news. AmTrust's stock soared ...
Brexit Escape Clause Goal of Lawsuit Filed in Irish Court
A lawyer and a trio of Green party politicians filed an Irish lawsuit seeking to give the U.K. a last-minute Brexit escape clause if public sympathy turns against leaving the European Union during ...