Global Economy
Beazley Partners With VALE on Environmental Coverage for U.S.-Domiciled Firms
Beazley has partnered with managing general agency VALE Insurance Partners to offer its environmental cover to U.S.-domiciled firms with revenues of up to $15 million. VALE will offer the full suite ...
British PM: Hard Brexit Break Is Not Inevitable
A clean break with the EU's single market is not inevitable, British Prime Minister Theresa May said on Monday, seeking to clarify comments that pushed down the pound on the possibility of a ...
VW Must Face U.S. Investor Lawsuit Over Diesel Emissions Cheating
Volkswagen AG must face claims it misled U.S. investors after installing so-called defeat devices in diesel vehicles used to cheat emissions tests. A San Francisco federal judge also rejected a ...
Hub International Snatches Up Canada’s Mainline Insurance Brokers & Affiliated Firms
Hub International Ltd., the Chicago-based global insurance brokerage, announced it has acquired Mainline Insurance Brokers Inc., Indian Head Agencies (1980) Ltd., R&J McKay Agencies Ltd. and ...
Executives On The Move at Navigators, Great American and Starr Companies
Three Chubb vets are taking on executive leadership roles at Navigators. Great American Insurance Group appointed a new director for a division within its Singapore branch. Starr Companies promoted ...
Watsa’s Fairfax Reportedly Wants Ontario Pension Fund to Back $4.9B Allied World Buy
Prem Watsa's Fairfax Financial Holdings Ltd. is in talks with the Ontario Municipal Employees Retirement System to see if the pension fund will help finance his $4.9 billion takeover of Allied World ...
2016 Global Natural Catastrophe Losses Hit a 4-Year High: Munich Re
Global natural catastrophe losses reached their highest level in four years in 2016, with a big chunk coming from North American storms and other weather events, Munich Re said in its annual ...
Volkswagen Faces Legal Test in Germany Over Emissions Scandal Compensation
German consumer rights champion myRight filed the first legal test case against Volkswagen in Germany on Tuesday, raising pressure on the carmaker to compensate customers in Europe over the emissions ...