Global Economy
Federal Reserve Closing the Door on AIG-Style Bailouts
The Federal Reserve is on the verge of relinquishing the tools it used to rescue American International Group Inc. and Bear Stearns Cos. That probably won't appease lawmakers who've said they're ...
Willis Boosts Towers Watson Merger Offer to $8.9B
Willis Group Holdings Plc, the third-largest insurance broker, agreed to better terms for Towers Watson & Co. shareholders in a proposed merger after the consulting firm's investors said that a ...
Raised M&A Offer Possible as Willis/Towers Watson Adjourn Shareholder Merger Votes for 2 Days
Towers Watson & Co said it adjourned a shareholder meeting on Wednesday after failing to muster enough support for its $18 billion merger with insurance broker Willis Group Holdings in a move ...
European Insurers Hit with Highest Tianjin Explosion Losses
Insurer Talanx AG's $122 million loss from port explosions at Tianjin, one of China's worst industrial disasters, takes the net hit incurred by insurers across Europe, the U.S., Bermuda and Asia to ...
XL Catlin Maintains Positive Fitch Ratings Assessment
Fitch Ratings remains cautious optimistic about XL Group, corporate parent of the newly merged XL Catlin, maintaining it previous positive assessment of the global insurer and reinsurer. Fitch said ...
Willis, Ebix Eye 1,000-Plus Carriers With Launch of Global Electronic Accounting Platform
Willis Group Holdings and Ebix, Inc. are targeting more than 1,000 carriers with a new a global electronic accounting platform designed to help speed cash flow and settle claims more quickly for ...
Terrorism’s Global Property Damage Costs Highest Since 9/11 Attacks
In the wake of Friday's massacre in Paris, a new report says the world is paying the highest price for terrorism since the 2001 attack on New York's Twin Towers. In 2014, acts of terror cost the ...
AIG, Dealing With Pressure from Icahn, Amends Proxy Access Bylaws
American International Group Inc., the insurer pressured by activist investor Carl Icahn to split into three companies, amended its bylaws to allow certain shareholders to include director ...