Global Economy
UK Brexit Bill Could Hit $63B, Austrian Leader Estimates
Britain should be charged about 60 billion euros ($63 billion) when it leaves the European Union, Austrian Chancellor Christian Kern said, becoming the first EU leader to put a value on the size of ...
XL Group CFO Porrino to Retire on May 1; Robb Will Replace
XL Group Ltd. Chief Financial Officer Peter Porrino is retiring from his executive role this spring, though the Bermuda-based insurer and reinsurer has chosen from within the company to replace him. ...
PartnerRe Q4 Results Swing to Loss; P/C Combined Ratio Stays Below 90
PartnerRe Ltd. said it lost $191 million in the 2016 fourth quarter due, in part, to some one time costs such stemming from being acquired by Italian Investment firm EXOR and some business unit ...
Cyber Attacks Spur $350M Reduction in Verizon’s Yahoo Acquisition Offer
Verizon Communications Inc said on Tuesday it would buy Yahoo Inc's core business for $4.48 billion, lowering its original offer by $350 million in the wake of two massive cyber attacks at the ...
Allianz Debuts Morocco Operations Made Possible by Zurich Sale
The Allianz Group is now officially open for business in Morocco. Its division in the North African Country, Allianz Maroc, formally debuted on Feb. 22. Based in Casablanca, it was previously known ...
Institutional Investors Yanked $469B From Equities in 2016
Institutional investors pulled $468.8 billion out of equities in 2016, a report by the research firm eVestment showed on Tuesday, notwithstanding a rally late in the year that drove stock markets to ...
Global Businesses’ Biggest Risk Fears: Cyber Attacks, Populist-Driven Political Instability
The threat of cyber attacks and political instability resulting from rising populism are among the biggest worries for businesses around the world, according to a study of companies in 79 countries. ...
The Latest Launches From Ironshore, Argo Group and RMS
Ironshore International boosted the capacity for its Terrorism & Sabotage coverage insurance programs. A division of Argo Group International Holdings, combined with a partner, is now offering ...