Global Economy
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. ...
AIG Selling Fairfax Financial Some Latin America, Central and Eastern Europe Operations
American International Group will sell off some of its Latin America, Central and Eastern Europe operations to Fairfax Financial Holdings Ltd., and the two companies in turn expect to form a ...
The Latest Launches From XL Catlin, AXIS and Take1 Insurance
XL Catlin added cyber insurance as optional coverage in its professional liability cover for design professionals. AXIS Capital Holdings will start offering U.S. customers cybersecurity ratings data ...
British Banks Underplay Cyber Attacks, Fearing Bad Publicity or Punishment
Britain's banks are not reporting the full extent of cyber attacks to regulators for fear of punishment or bad publicity, bank executives and providers of security systems say. Reported attacks on ...