Global Economy
Execs See London Insurance Market as Weathering Brexit Storm
Brexit has created great uncertainty for the UK, the European Union and perhaps the world. Pretty much everyone agrees on that. But there is less agreement about how an EU exit will affect London's ...
GE’s Slimmed Down Financing Arm Sheds ‘Too Big To Fail’ Designation
General Electric Co.'s slimmed down financing arm shed its "too big to fail" designation on Wednesday, no longer deemed by the U.S. government "systemically important" and so liable to wreck the ...
Willis Towers Watson CEO Sees Brexit Upside
John Haley, who merged his U.S. consulting firm with an insurance broker this year to form London-based Willis Towers Watson Plc, said the company is well-equipped to deal with disruption from U.K. ...
VW’s $15B Diesel-Cheating Settlement Will Only Go Higher in Months Head
Volkswagen AG's $15.3 billion agreement to get a half million emissions-cheating diesel vehicles off U.S. roads sets an auto-industry record that will only go higher as criminal probes and lawsuits ...
China’s Fosun Pledges Ironshore Will Hit IPO ASAP This Year
Fosun Group, China's biggest private conglomerate, will list U.S. property/casualty insurer Ironshore Inc "as soon as possible" this year, Guo Guangchang, the company's billionaire co-founder and ...
Brexit Fallout: QBE to Review UK-Based Operations; Marsh Maps Exit Options
QBE Insurance Group announced this week that it will be reviewing its U.K.-based operations in light of last week's vote in the U.K. to leave the European Union. "The referendum outcome may require a ...
Brexit Vote Fallout Will Not Be Solved Quickly
To leave, or not to leave: That is the question. Still. After Britain's historic vote to leave the European Union, there is no indication that a so-called Brexit will happen soon. It maybe never ...
TransCanada Files $15B NAFTA Claim on Obama Keystone XL Rejection
TransCanada Corp. is seeking to recoup $15 billion for the Obama administration's rejection of the Keystone XL oil pipeline, in a legal claim that highlights how foreign companies can use trade deals ...