Global Economy
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 ...
Argo Group Fills Exec Slots With AIG Vet and Ex-Insurance Regulator
Argo Group International Holdings, Ltd. has turned to an AIG veteran and a former New York insurance regulator to fill two key positions at the specialty insurer/reinsurer. Argo said Frank Mike-Mayer ...
Liberty Mutual Grows Chile Market Share with New Acquisition
With one acquisition, Liberty Mutual Insurance has become a dominant player in Chile, a decade after first entering the market there. The Massachusetts-based property/casualty insurer said it has ...