Global Economy
Facebook Must Face Shareholder Class Actions Over IPO
A federal judge has certified two shareholder class actions accusing Facebook Inc of hiding concerns about its growth forecasts prior to the social media company's May 2012 initial public offering. ...
Zurich Insurance and the Other Top News Stories of 2015
What's ailing Zurich Insurance? That question was the focus of Carrier Management's top news story in 2015, a piece that drew enormous reader interest. Switzerland's largest insurer faced plenty of ...
U.K. Storm Claim Tally Could Hit $2.2B: KPMG Estimate
U.K. insurers may face claims totaling as much as 1.5 billion pounds ($2.2 billion) from businesses and homeowners for damage caused by two storms this month, according to consultant KPMG LLP. Heavy ...
ACE Outlines Post-Chubb-Merger Asia Pacific Exec Roster
ACE Group, in the final throes of a $28 billion merger deal with Chubb, has fleshed out the leadership team for its Asia Pacific commercial property/casualty arm. The new team will report, as ...
Chinese Insurer Scored Using Drones to Analyze Tianjin Explosion
When an explosion devastated parts of China's Tianjin port in August, one insurance company turned to Chinese-made drones to help analyze the rubble and estimate the damages. Comparing satellite ...
Insurers’ Returns on European Infrastructure Eroded by Bank Competition
The return of banks into the European infrastructure market is denting insurers' ability to enhance their investment returns by funding the roads, bridges and wind farms of tomorrow. European ...
JPMorgan Will Pay $150M to Settle ‘London Whale’ Class Action Suit
JPMorgan Chase & Co has agreed to pay $150 million to resolve a securities fraud lawsuit by investors suing the bank over its "London Whale" trading scandal, which caused a $6.2 billion loss. The ...
A.M. Best’s 2016 Forecast for Global Reinsurers: Negative
As A.M. Best sees it, the global reinsurance sector will continue to have a negative outlook heading into 2016. The reason, according to its latest briefing: major market challenges "that will hinder ...