Global Economy
Toronto Cab Drivers Sue to Halt Uber’s Advance
Toronto taxi drivers are launching a class-action lawsuit against ride-sharing company Uber Technologies Inc, seeking more than C$400 million ($307.27 million) in damages and an injunction to stop it ...
Beazley CEO Urges Lloyd’s of London to Revamp Data Systems
Beazley Plc Chief Executive Officer Andrew Horton called on Lloyd's of London to overhaul the way it manages trade information to make the world's oldest insurance market more efficient and globally ...
Chubb’s Q2 Profit Dips 1% Due to Weak Investments and ACE Merger Costs
Chubb Corp., the insurer that agreed this month to be bought by Ace Ltd., said second-quarter profit slipped 1 percent on weaker investment results and costs tied to the transaction. Net income ...
Executives On The Move at Allied World, JLT Re and Guy Carpenter
We have some executive promotions and hires to tell you about at Allied World, JLT Re and Guy Carpenter: *** Allied World Assurance Company Holdings has hired a Starr Companies executive to help with ...
Cat and Investment Losses Hamper Allied World’s Q2 Net Income
Allied World Assurance Company Holdings experienced big drops in net income during the 2015 second quarter, due in large part to catastrophe and investment losses. The Swiss insurer and reinsurer ...
ACE Lures Zurich’s Stapleton to Help Expand International Cyber Business
ACE Group snatched up a long-time Zurich executive to help propel its cyber insurance business internationally. Tim Stapleton is now vice president and cyber insurance product manager for ACE ...
Obama: Lapse of U.S. Export-Import Bank Charter Has Already Harmed Businesses
President Barack Obama on Wednesday urged lawmakers to renew the charter for the U.S. Export-Import Bank before leaving for an August break, saying small and large businesses alike have been hurt by ...
AIG, Allianz Stand to Gain From Nestle’s $2.3B India Noodle Mess
As Nestle SA slugs it out with India's food regulator over the amount of lead in its popular Maggi instant noodles, the dispute is whipping up business for insurers. The local unit of American ...