Global Economy
Western Insurers Slowly Rebuild Iran Business Ties
Western insurers are slowly reaching deals with Iran as they seek to re-enter a multi-billion dollar market although the pace of business is hampered by banking restrictions ten months on from the ...
PartnerRe Pays $284M to Acquire Aurigen Capital, Expand Life Policy Reinsurance Reach
PartnerRe Ltd., the reinsurer owned by John Elkann's Exor SpA, agreed to buy Aurigen Capital to expand in coverage of life policies in North America. PartnerRe agreed to pay C$375 million ($284 ...
Wells Fargo Account Scandal Draws Calif. Criminal Probe
The California Attorney General's Office has launched a criminal investigation into Wells Fargo over allegations it opened millions of unauthorized customer accounts and credit cards, according to a ...
Munich Re Gets A.M. Best Ratings Affirmation for Resilience in Tough Market
As the global reinsurance market trudges on with heavy competition, consolidation pressures and low interest rates, Munich Re has held its own. For that reason, A.M. Best affirmed its financial ...
Executives On The Move at CNA, JLT Re, RSA and XL Catlin
CNA brought on a Chubb veteran to help run its Global Services arm. JLT Re hired a new executive to lead and build up its South Korea operations. RSA named a new group pricing director. XL Catlin has ...
More Board Members Want Director Replacements; Sources Limited: PwC Survey
Dissatisfied directors are increasingly speaking up about fellow board members they feel are falling short and should be replaced. And the search for new blood is turning too some unconventional ...
French Utility Boosts Defense of Water Supply From Cyber Security Risk
Veolia Environnement SA, the French utility that provided drinking water to 100 million people last year, has beefed up cyber security to protect installations from hackers. "Cyber crime is the main ...
VW Pursues Final Approval of $14.7B Emissions Deal; Vehicle Fix Still Pending
Volkswagen AG is asking for a final sign-off on its $14.7 billion settlement with drivers as it continues to seek regulators' approval of a fix for 482,000 pollution-spewing vehicles still on U.S. ...