Global Economy
Takata Shares Soar After Reports of Near-Complete U.S. Settlement Over Faulty Air Bags
Takata Corp. shares rose by the daily limit after the Wall Street Journal reported the company is nearing a settlement with the U.S. Department of Justice to resolve allegations of criminal ...
Hannover Re, SCOR Gain Approval to Open India Branch Offices
Both Hannover Re and SCOR have gotten regulatory approval to launch branches in India. Hannover Re announced on Dec. 28 that the Insurance Regulatory and Development Authority of India granted ...
Halliburton Will Pay $100M to Settle Shareholder Class Action Lawsuit
Halliburton Co on Friday said it had reached a $100 million settlement to resolve a long-running securities fraud class action lawsuit against the oilfield services provider that twice reached the ...
2017 Predictions Part IV: Hong Kong, China Face Tech-Related Insurance Industry Disruption
The twin forces of regulation and technology will see the emergence of new distribution models in 2017. This sounds like a commonly heard disrupter scenario for the U.S. and European markets, but ...
Brexit Threatens 10 Percent of London’s Financial Jobs: London Official
Up to 10 percent of jobs in London's financial district may be lost if Britain fails to secure adequate access to European Union markets after Brexit, a City of London official said on Wednesday. ...
Carl Icahn Named Trump Special Adviser for Regulation Overhaul
President-elect Donald Trump named billionaire investor Carl Icahn a special adviser to help him overhaul federal regulations in ways the Republican said would promote business growth. "His help on ...
2017 Predictions Part III: Motor-Cyber, India Reinsurance and More
Insurers and reinsurers continue to look for organic growth where they can find it – sometimes from emerging risks and sometimes from emerging markets. As always, the keys to success are market ...
American Airlines Wins $15M in Antitrust Case Against Sabre
American Airlines Group Inc on Tuesday won about $15.3 million in an antitrust lawsuit that accused airline booking service Sabre Corp of harming competition and charging grossly inflated booking ...