Global Economy
Only 5 Percent of Large UK Firms Have Board-Level Cyber Expertise: Deloitte
Only 5 percent of large U.K. companies say their boards include directors with expertise in information technology or cyber security, even though the vast majority identify hacking and other digital ...
Catastrophe Tests Show London Insurers’ Capital Risks and Resilience
A major $200 billion loss from a combination of a cyber attack, U.S. hurricane and the failure of a reinsurer could strip insurers of up to 120 percent of their net capital base, tests of insurers in ...
CNA CEO Robusto ‘Back in the Game,’ Though 2017 Has Room for Improvement
CNA reported fourth-quarter and full-year 2016 results, with its new CEO indicating that while there is a strong foundation at the insurer, the company has work to do in improving underwriting ...
VW Slapped With Yet Another Emissions Suit, This Time From a Fish Distributor
Fish distributor Deutsche See is suing Volkswagen for misrepresenting a fleet of vehicles it leased as environmentally friendly, becoming the first major German customer to sue Europe's biggest ...
Executives On The Move at Chubb, Hamilton USA, Navigators and More
Chubb promoted one of its executives to a new position – chief digital officer. There's another newly-created position at Hamilton USA – head of Strategy and Innovation – with an up-and-coming ...
Trump Administration Tax Reforms Could Dampen Bermuda Market’s Competitive Advantages: S&P
Bermuda insurers and reinsurers may lose their competitive advantage due to U.S. President Donald Trump's plan to restructure the U.S. tax code, Standard & Poor's warns in a new report. Few ...
Farmers Sue Top U.S. Chicken Processors Over Their Pay
A group of U.S. chicken farmers sued the country's biggest poultry processors, including Tyson Foods Inc, for allegedly conspiring to depress their pay, the latest accusation of improper collusion in ...
Allianz CEO Has $3.2B to Use for M&A. Will He?
Allianz SE Chief Executive Officer Oliver Baete has 3 billion euros ($3.2 billion) to spend on acquisitions and is scouting for targets from Australia to Italy. Rushing into a deal would be a ...