Global Economy
Congress Tackles Cyber Security as Part of Federal Spending Bill
Companies that share data with the U.S. government for cyber security purposes will get more protection from consumer lawsuits under a measure piggybacked onto a massive federal spending bill ...
Lloyd’s of London Readies Proprietary Insurance Based Index
Lloyd's of London will launch its own insurance based index in summer 2016. The famed specialist and reinsurance market touts the product as the first of its kind for diversified risk. It is designed ...
Executives On The Move at Swiss Re, Hiscox, Marsh and Preferred
Swiss Re brings on a new executive for its Canada property operations; Hisox picks a new leader for its alternative distribution operations; Marsh appoints a new CEO for a key U.K. acquisition. ...
Third Point Re, Greenlight Capital Re Targeted by Short Sellers as Losses Soar
The shorts are targeting one of Wall Street's best known short sellers. Bearish investors have piled on bets against a reinsurer started by hedge fund manager David Einhorn as the company's losses ...
China Leader Urges United Front Against Hacking, Network Surveillance
China's President Xi Jinping laid out his vision for the Internet on Wednesday, calling for respect of different governance models and standardized online security, placing China at the front of ...
Typhoon Melor Kills Four, Leaves Millions in Philippines Without Electricity
Schools were shut in the greater Manila area and nearby cities as Typhoon Melor triggered a storm that paralyzed traffic with floods across the Philippine capital, the government said. The typhoon, ...
AXIS Opening New Office in Dubai
AXIS Capital Holdings is looking to Dubai to help spur its next expansion phase. The Bermuda-based specialty insurer and reinsurer said its wholly owned subsidiary AXIS Re SE won a license from the ...
Clear Blue, New U.S. Commercial Insurance Fronting Outfit, Rolls Out Nationally
A newly-formed commercial insurance fronting provider, Clear Blue Financial Holdings LLC, said it has officially launched with two fully-licensed fronting carriers and will begin servicing clients ...