Global Economy
Chubb, AIG Vets Fill Out Exec Roster for High-Net-Worth Insurer PURE
The PURE Group of Insurance Companies is fleshing out its executive roster with veteran hires from Chubb and AIG, both rivals in the high-net-worth space. PURE is a New York-based company that ...
Chevron Wins Victory in $8.6B Ecuador Toxic Waste Lawsuit Fight
Chevron Corp. won a victory in its long-running battle over toxic waste in Ecuador after an appeals court found the American lawyer representing indigenous villagers committed fraud and barred him ...
Starr Companies Division Wins ‘A’ Financial Strength Rating From A.M. Best
An international insurance arm of Starr Companies' earned some positive ratings attention from A.M. Best. The ratings agency assigned a financial strength rating of "A" (Excellent) and an issuer ...
The Latest Launches from Chubb, Marsh and More
Chubb beefed up its cover for commercial entertainment producers in the UK and Ireland. A W.R. Berkley company launched a new division. Marsh created a new product designed to help some clients with ...
6 U.S. Ports Are at Greatest Global Risk for High Natural Catastrophe Losses
Six U.S. ports are among 10 globally at biggest risk of high insurance losses stemming from earthquake, wind and storm-surge catastrophes, according to a new RMS analysis. The California-based ...
New Spyware Targeting Firms in Russia, China and Elsewhere: Symantec
A previously unknown hacking group variously dubbed "Strider" or "ProjectSauron" has carried out cyber-espionage attacks against select targets in Russia, China, Iran, Sweden, Belgium and Rwanda, ...
GEICO Gains Helped Boost Berkshire Hathaway Q2 Profit 25%
Warren Buffett's Berkshire Hathaway Inc. said second-quarter profit rose 25 percent on earnings from newly acquired manufacturing businesses and improved results at insurance operations. Net income ...
Energy Investments Drove Liberty Mutual’s Q2 Net Income Down 94%
Losses from energy investments caused a drop of more than 90 percent in Liberty Mutual's 2016 second quarter net income, though net written premium grew and the combined ratio improved slightly. Net ...