Global Economy
Insurance Groups and Others Urge China to Revise Draft Cyber Rules
In a letter addressed to Chinese Premier Li Keqiang, 46 global business groups spanning finance, information technology, insurance and manufacturing urged Beijing to revise its draft cyber rules, ...
Zurich Taps Another Generali Executive, This Time for Asia Pacific Region
Zurich Insurance Group has tapped a former Generali executive to run its Asia Pacific operations, six months after it recruited Mario Greco from the Italian insurer to become its new CEO. Jack Howell ...
Zurich’s General Insurance Unit Sees Profit Rise as Reorganization Continues
Zurich Insurance Group AG rose to the highest in eight months on higher profit at its largest unit, adding to signs that an overhaul at Switzerland's biggest insurer is starting to bear fruit. ...
The Latest Launches from Great American, Allianz and Validus
Great American Insurance Group launched a professional liability endorsement covering the administration of a drug to counteract opiates such as heroin. Validus Holdings subsidiary Talbot ...
AIG Targets Wealthy Canadian Clients With Home Construction Risk Reduction Program
AIG launched a new risk-reduction service for wealthy clients in Canada whose high-priced homes are under construction. The mega-property-casualty insurer said that its AIG Insurance Company of ...
Allianz’s PIMCO Boosts Treasuries Stake to 25-Month High
Pacific Investment Management Co.'s Total Return Fund increased its stake in U.S. government debt to a 25-month high in July as rally in Treasuries pushed yields to an all-time low and then fizzled. ...
AIG CEO Worried More About Boosting Returns Than ‘Too Big to Fail’ Status
American International Group Inc. Chief Executive Officer Peter Hancock said he's more focused on boosting returns than worrying about the government's classification of his company as too big to ...
Media Vet Business Insurance Abruptly Shuts Down; Industry Consolidation, ‘Continued Structural Changes’ Blamed
Business Insurance, a well-known industry publication for 49 years, has been abruptly shut down by parent company Crain Communications. The final issue of Business Insurance came out on Aug. 1. The ...