Global Economy
Swiss Cybersecurity Firm Acronis Nails Down $250M Financing Round
Swiss cyber security firm Acronis said on Tuesday it has received more than $250 million in a financing round led by CVC Capital valuing it at more than $2.5 billion. Founded in Singapore in 2003, ...
Berkshire Hathaway’s Q1 Insurance Underwriting Income Rebounds; Reinsurance Results Mixed
Berkshire Hathaway saw its insurance earnings improve dramatically overall, after taking a hit the previous year when COVID-struck the world. The Warren Buffet-led conglomerate produced $764 million ...
Buffett Said Berkshire Hathaway Benefited From U.S. Economy’s Unexpected Strengths
Warren Buffett said on Saturday that Berkshire Hathaway Inc is being lifted by a U.S. economy faring far better than he predicted early in the coronavirus pandemic, though investor euphoria is making ...
MarshMcLennan Fills Talent Pool in Wake of Marked Disruption Caused by Aon-Willis Merger
It has not happened yet but the proposed merger of large global insurance brokers Aon and Willis Towers Watson is already being felt at competitor MarshMcLennan. MarshMcLennan is capitalizing on the ...
Liberty Mutual Places Australian Coal Project on Hold, Seeking Alternatives
U.S. insurer Liberty Mutual will not be filing an environmental impact assessment for a coal project in Australia, it said on Friday, missing a deadline as it weighs alternatives for the proposed ...
Executives On The Move at W.R. Berkley Corp. and Global Indemnity Group
The insurer W.R. Berkley Corp. named a new leader for its Berkley Re UK arm. Global Indemnity Group LLC hired a veteran executive to be chief executive of its insurance operations as well as a member ...
Toyota to Test Its Self-Driving Cars in a Newly-Built, Sensor-Laden City
In late February, Toyota Motor Corp. President Akio Toyoda gathered with a handful of Shinto priests in a white tent at the foot of Mount Fuji. The group prayed — as is customary when embarking on ...
Google Fights Back Against UK Class Action Over Alleged iPhone Tracking
A proposed multi-billion pound British class action against Google, which alleges the internet giant secretly tracked millions of iPhone users, is not viable and should not be allowed to proceed, the ...