Global Economy
Arctic Region Broke Heat Record in 2020
An Arctic temperature record of more than 100 Fahrenheit (38 Celsius) was reached in a Siberian town last year during a prolonged heatwave that caused widespread alarm about the intensity of global ...
Insurers Join Initiative to Slash Carbon Emissions From Global Shipping
Leading companies in the marine insurance industry have joined an initiative linking their underwriting activities with the cutting of carbon emissions from global shipping as pressure builds on the ...
Generali CEO Counters Investor Opposition With Bold Profit Goals for 2024
Generali said it would stick to bold earnings goals for 2024, hike dividends and launch its first buyback in 15 years as Philippe Donnet's bid to stay on as CEO of Italy's biggest insurer faces ...
Easing Supply Chains, Other Factors Could Rein in Inflation: Economists
Inflation is painfully high, but this hopefully is close to as bad as it gets. Consumer prices rose 6.8 percent for the 12 months ending in November, a 39-year high. Many economists expect inflation ...
MAPFRE to Make Nearly $984M Payout Over Controversial Columbia Dam
Spanish insurer Mapfre on Friday signed a contract to make a $983.8 million contingency payout to Colombia's Empresas Publicas de Medellin (EPM) over issues with the construction of the massive ...
Insurance Rates Soar to Cover M&A Boom, Deal or Not
The cost of insurance to cover problems involving M&A has nearly doubled in just two years, underwriters and brokers said, after an explosion of global dealmaking during the COVID-19 pandemic. ...
Half of $17B Litigation Funding ‘Industry’ Money Spent in the U.S.: Swiss Re
Litigation funding has become a $17 billion industry globally, with 52 percent of that money being spent in the United States, Swiss Re said in a report released Thursday. The reinsurer said ...
Executives On The Move at AIG, AXIS, W.R. Berkley and Liberty Mutual
AIG chose a new Chief Human Resources Officer. AXIS Insurance appointed a new head of its U.S. Excess Casualty team. W. R. Berkley Corporation picked a new head for the Lloyd's managing agent for W. ...