Global Economy
BP Deepwater Horizon Spill Liability Climbs to $61.6B
BP Plc has raised the total liability from the Deepwater Horizon oil disaster, which triggered the worst offshore oil spill in U.S. history, by $5.2 billion to $61.6 billion before tax. The ...
Warren Buffett Gives $2.86B to Gates Charity, Four Others
Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc, has donated another roughly $2.86 billion of his holdings in the company's stock to the Bill & Melinda Gates Foundation and ...
New Capital Rules Poised to Transform Kenya’s Insurance Industry
A push by Kenyan regulators to clean up the East African country's insurance industry is poised to trigger stake sales or exits by underwriters unable to meet the new capital requirements, according ...
N.J. Using $200M in Breaks to Lure Insurance, Tech and Financial Firms
New Jersey is offering almost $200 million in incentives over 10 years to insurance, technology and financial companies to operate across the Hudson River from Manhattan. One applicant, Ernst & ...
Executives On The Move at XL Catlin, Starr Companies and More
XL Catlin promoted an executive to lead its specialty reinsurance arm in London. A Chubb and OneBeacon veteran joined ID Experts, an identity protection software company, in a leadership role. Starr ...
Bermuda Insurance Industry Poised for Double-Digit Growth Through 2019
The Bermuda insurance industry is projected to grow at a steady pace as a result of new regulations and consistent growth in external business, such as offshore and captive, according to a new report ...
Executives On The Move at RenaissanceRe, Markel, AXIS and Allianz
Renaissance Re's chief financial officer is retiring, and execs have chosen his replacement. AXIS Insurance promoted one of its executives into a key role. Markel International appointed a senior ...
I.I.I. Picks Ex-Zurich Exec/Bush Administration Vet as New CEO
The Insurance Information Institute has chosen its new leader – an ex- public affairs executive for Zurich Insurance Group who also once worked for President George W. Bush's administration in ...