Global Economy
Berkshire Hathaway Reportedly Draws Federal Scrutiny of Wells Fargo Investment
Warren Buffett's Berkshire Hathaway Inc. is well known as a tapestry of modern capitalism for its ownership of dozens of companies and investments in dozens more. Now that interconnected web is ...
UK Insurers RSA, Aviva Shake off Brexit Fallout With Higher Profits
Insurers Aviva Plc and RSA Insurance Group Plc shrugged off any fallout from the Brexit referendum by reporting higher first-half profit and increasing shareholder payouts. The shares rallied in ...
Guidewire Software Grabbing FirstBest for $34M in Commercial Risk Biz Expansion
California's Guidewire Software plans to snatch up FirstBest Systems for $34 million in cash, a deal it said will boost its capacity to serve property/casualty insurers focused on complex commercial ...
China Floods Caused $33B in Economic Damage in July; Insurance Covered Little
Floods caused $33 billion in economic damage in China through July, but very little is covered by insurance, according the new catastrophe report from Aon Benfield's Impact Forecasting. Barely 2 ...
Western European Insurers, Hammered by Low Interest Rates, Slow to Revamp Investments
Insurers in Western Europe have generally stayed the course with their investment mixes in recent years, even as they've been hammered by record-low interest rates, Standard & Poor's Global ...
Zika Battle Advances to U.S. Vaccine Clinical Trial
U.S. government researchers said on Wednesday they have begun their first clinical trial of a Zika vaccine as concerns over the mosquito-borne virus mount following the first cases of local ...
Growth Move: Watford Specialty Snags National Assets of Admitted Carrier
Watford Specialty Insurance Company, a division of Watford Re, has acquired a once-dormant insurer with admitted insurance licenses across the country. Financial terms aren't being disclosed. The ...
Axa, Europe’s 2nd-Biggest Insurer, Sees Property Sales Boost Profit
Axa, Europe's second-biggest insurer, reported a weaker than expected 4 percent rise in its first-half net profit, hit by lower investment returns, higher claims and despite a boost from real estate ...