Global Economy
Tizzio, Ex-AIG CEO Greenberg’s ‘Right Hand,’ Has Died at 77
Thomas Tizzio, a retired vice chairman of American International Group Inc. who was once seen as a possible successor to its former chief executive officer, Maurice "Hank" Greenberg, has died. He was ...
ACE and Chubb Shareholders Approve $28B Merger by Wide Margin
Shareholders from ACE Ltd. and The Chubb Corp. voted to approve their respective companies' $28 billion merger on Oct. 22 by wide margins. More than 98 percent of ACE shareholders participating in ...
Lloyds, China’s Taiping Insurance to Team on Global Growth Plans
Lloyd's signed a memorandum of understanding with China Taiping Insurance Group intended to boost cooperation between "the world's only specialist insurance and reinsurance market and one of China's ...
ACE CEO Greenberg Predicts Years-Long Integration With Chubb
Ace Ltd. Chief Executive Officer Evan Greenberg said it would be a mistake to start celebrating his agreement to buy Chubb Corp. for more than $28 billion, because the real test will be to integrate ...
$28B ACE/Chubb Merger Up for Oct. 22 Shareholder Vote
ACE CEO Evan Greenberg said progress on the planned $28 billion merger between his company and Chubb continues apace, with shareholders from both sides set to cast their vote on Oct. 22. "We are on ...
U.S. Senate Begins Debate Over Controversial Cyber Security Bill
The U.S. Senate on Tuesday began debating a long-delayed bill that would make it easier for corporations to share information about cyber attacks with each other or the government without concern ...
Incoming Travelers CEO Schnitzer Promises ‘Thoughtful and Deliberate’ Leadership Steps
Incoming Travelers CEO Alan Schnitzer is assuring investors that he will be "thoughtful and very deliberate" about next steps for the property/casualty insurance giant when he takes over on Dec. 1. ...
U.S. Security Firm Accuses China of Hacking Even After Cyber Pact
Hackers associated with the Chinese government have tried to penetrate at least seven U.S. companies in the three weeks since Washington and Beijing agreed not to spy on each other for commercial ...