Global Economy
Executives On The Move at Everest Re, BHSI and Aspen Insurance
A retirement at Everest Re Group is spurring some executive leadership changes. Berkshire Hathaway Specialty Insurance Company expanded its team in Australia to handle the launch of new policies. ...
South Korea Will File Criminal Complaint Against VW’s Local Chief
South Korea plans to file a criminal complaint against the head of Volkswagen AG and Audi AG's local unit later on Tuesday, saying that a recall plan for emissions-cheating cars fell short of legal ...
When MGAs manage a high volume of insurance submissions, underwriting speed often depends on what happens before an underwriter ever...
Marine Insurer Caution Will Slow Oil Tanker Market’s Return to Iran
Foreign oil tanker owners are expected to make a slow return to Iran despite the lifting of many sanctions as insurers tread carefully, leaving shipping players unwilling to pick up cargoes as ...
Icahn Ups Pressure on AIG CEO Hancock in Advance of ‘Vision’ Presentation
Activist investor Carl Icahn, who's pushing American International Group Inc. Chief Executive Officer Peter Hancock to shrink the insurer and boost returns, said the CEO's presentation next week on ...
Merck Will Pay $830M to Settle Securities Suit Over Recalled Heart Drug
U.S. drugmaker Merck & Co on Friday said it would pay $830 million to settle a federal class action lawsuit involving allegations the company failed to adequately inform investors about heart ...
Asia P/C Investment Driven by Limits at Home: Arch Capital, XL Catlin Execs
It is pretty clear at this point: Asia investment in the European and U.S. P/C sectors last year is widely expected to continue through 2016. Reasons why this is happening, however, remain a matter ...
Nuclear Liability Insurance is Sticking Point in Westinghouse India Reactor Deal
Toshiba Corp's Westinghouse Electric hopes to clinch a deal to build six nuclear reactors in India by end-March, its CEO said, in time for a possible visit by Prime Minister Narendra Modi to ...
Self-Driving Car Rollout Will Accelerate Under New U.S. Government Plan
Self-driving cars will get closer to appearing on American roads under a U.S. Transportation Department plan to speed their rollout. Regulators will allow automakers that can demonstrate they have a ...