Global Economy
Digital Tech Can Help Narrow Insurance Gaps in Emerging Markets: GA Report
Digital technologies can be harnessed by the re/insurance industry to narrow insurance protection gaps in developing and emerging markets, thereby improving societal resilience after natural ...
JLT Group Acquires Majority Stake in U.S.-Based Construction Risk Partners
Jardine Lloyd Thompson Group plc said it has acquired a majority stake in Construction Risk Partners LLC, a U.S.-based construction risk and surety specialty insurance broker. Financial terms were ...
QBE Denies Allianz Submitted Informal Bid to Buy It
Germany's Allianz has made an informal takeover approach to QBE Insurance, Australia's biggest insurer, but has not named a price, sources told Reuters on Monday. Shares in QBE closed flat after ...
Tesla Alleges Ex-Autopilot Program Director Stole Company Secrets
Tesla Motors Inc. sued the former director of its Autopilot program, accusing him of taking confidential information about the company's driver-assist system and trying to recruit at least a dozen ...
Expect Broader and Cheaper D&O Policies in 2017: Marsh
Directors and officers liability policies are likely become broader and continue getting cheaper in 2017 – among the likely trends expected for the financial and professional liability insurance ...
Former VW CEO Under Investigation by German Prosecutors
German prosecutors are investigating former Volkswagen chief executive Martin Winterkorn on suspicion of fraud, looking into when he first knew that the carmaker was rigging diesel emissions tests. ...
China Banks Are Using Blockchain to Boost Transparency and Fight Fraud
Chinese banks are hiring blockchain experts as the government pushes use of the technology behind bitcoin to increase transparency and combat fraud in its financial sector. Lenders have struggled for ...
Europe’s Firms, Unprepared for Cyber Risks, Face Breach Disclosure Law
European companies are unprepared to cope with the reality of today's cyber risks, according to a new report from Marsh & McLennan Cos. (MMC) and cyber security company, FireEye. However, ...