Global Economy
Federal Reserve Chair Yellen Defends Global Regulatory Talks in Age of Trump
Federal Reserve Chair Janet Yellen, in response to a warning from a U.S. congressman to halt global regulatory talks in the early stages of Donald Trump's presidency, said in a letter the Fed has the ...
Insurer/Investor Group Urges G20 Economies to Phase out Fossil Fuel Subsidies
Investors and insurers with more than $2.8 trillion in assets under management on Wednesday called on the Group of 20 economies to phase out fossil fuel subsidies by 2020 despite U.S. doubts about ...
Lloyd’s CEO Beale Sees Insurance Opportunities in Trump Trade Threats
Lloyd's of London Chief Executive Officer Inga Beale said Donald Trump's presidency and the U.K.'s planned exit from the European Union are creating opportunities to sell insurance guarding ...
AIG Loses $3.04B in Q4, Slammed by Higher-Than-Expected Claims Costs
American International Group Inc. posted its fourth loss in six quarters, burned again by higher-than-expected claims costs as Chief Executive Officer Peter Hancock struggles to sustain ...
Flood Risk Catastrophe Modeler Launches U.S. Office
JBA Risk Management, a provider of flood risk catastrophe modeling information in the UK, Canada and elsewhere, has launched a California-based U.S. office. "We are thrilled to be expanding our ...
Executives On The Move at RMS, Allied World, Arch Capital Group and More
RMS Named a former McKinsey & Co. executive as its president. Allied World beefed up its Onshore Construction arm in Australia with a new executive appointment. Arch Capital Group appointed a ...
Insurance CEOs Worry More About Disrupters Than Execs in Other Industries: PwC
Insurance CEOs are more concerned than leaders in other industries about combined disruptive threats to their revenue growth prospects, according to findings from the 20th annual "PwC Global CEO ...
DuPont, Chemours Will Fork Over $671M to Resolve Chemical Leak Lawsuits
DuPont and Chemours Co have agreed to pay $671 million in cash to settle thousands of lawsuits involving a leak of a toxic chemical used to make Teflon, the companies said on Monday. Shares of ...