Global Economy
Goldman Sachs Accused of Selling Out Client to Curry Malaysian PM’s Favor
Goldman Sachs Group Inc. has another Malaysia problem. The New York-based bank, already under scrutiny by regulators over its fundraising for the embattled 1Malaysia Development Bhd, is now accused ...
The Hartford Will Sell U.K. P/C Runoff Subsidiaries to Catalina
The Hartford has found a buyer for its U.K. property/casualty runoff subsidiaries, capping a process that began in 1993. Catalina Holdings UK Ltd. will buy the insurer's Downlands Liability ...
Executives On The Move at Chubb, Beazley, Marsh and More
Chubb grabbed three former AIG executives to help lead an expanded U.S. trade credit team. Beazley hired an ex-AIG exec to boost its medical liability underwriting. GCube Insurance also brought in a ...
British Foreign Secretary Assures Financial Firms They’ll Keep EU Rights
British Foreign Secretary Boris Johnson said on Friday he expects the U.K. to retain the right for its financial firms to sell services across European Union member states after Britain's exit from ...
AIR Worldwide Expands Global Pandemic Model, Joins World Bank Initiative
AIR Worldwide has made two new business moves involving ways to manage and counter global pandemics. The catastrophe modeling firm said it has expanded its global pandemic model to include outbreaks ...
EU, Consumer Groups Pressure VW for Compensation
Europe's Commissioner for Justice is working with EU consumer groups to pressure Volkswagen to compensate clients in Europe as it has in the United States over the diesel emissions scandal. The ...
Lloyd’s Possibly Vulnerable to Catastrophic Cyber Attack
A review of almost 400 reinsurance contracts underwritten at Lloyd's of London has revealed potentially significant vulnerabilities and exposures if a catastrophic cyber attack should occur. Analysis ...
Ironshore Tries New $100M IPO Filing; A.M. Best Worries Over Corporate Parent
Ironshore Inc., the insurer purchased by Chinese conglomerate Fosun International Ltd. last year, filed for an initial public offering in the U.S. after a ratings firm cited concerns about the parent ...