Global Economy
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 ...
Berkshire Hathaway’s Gen Re Promotes Brogan to Lead Aircraft Risk Unit
Gen Re promoted John Brogan to chief executive officer of an aviation unit as the reinsurer at Warren Buffett's Berkshire Hathaway Inc. phases in a new generation of leadership. Brogan replaces David ...
AIG CEO Peter Hancock’s Innovation Sources: Nobel Prize Winners, Client Councils and More
Here's an innovation you may not have heard about in the insurance world: client councils. AIG President and CEO Peter Hancock said that his company forms and hosts client councils in order to ...
British Government’s Planned Brexit Trigger is Unconstitutional Power Grab: Attorney
Lawyers seeking to force the government to hold a Parliamentary vote on whether to leave the European Union told a panel of three senior judges that Prime Minister Theresa May's bid to trigger Brexit ...
Wells Fargo CEO John Stumpf Quits in Fake Account Fallout
John Stumpf, who led Wells Fargo & Co. through the financial crisis and built it into the world's most valuable bank, stepped down as chief executive officer and chairman, bowing to public outcry ...
The Latest Launches From Ironshore, FM Global and Church Mutual/Hartford Steam Boiler
Ironshore Launched a policy that combines crucial coverages typically purchased separately for specialist engineers. FM Global added a new cyber-related loss endorsement to its cyber coverage. Church ...
Second AIG Vet Joins Hamilton USA Exec Roster: Garceau Hired as COO
Hamilton Insurance Group's U.S. division is bringing on another former AIG executive to fill a major slot, its second major hire in two weeks. Michael Garceau will be the new chief operating officer ...
Emerging Markets Likely to Gain Bigger Share of Global P/C Business: JLT Re
Despite recent slowdowns, emerging economies are expected to outperform advanced markets over the next five years, according to a report published by JLT Re. The emerging economies examined in the ...