Global Economy
Ironshore to Spot U.S. Asset Purchases For Fosun, Its Chinese Owner
Ironshore, will help spot U.S. businesses and assets to buy for Fosun International, the Chinese conglomerate slated to become owner of the Bermuda –based insurer and reinsurer. These assets, in ...
Ex-AIG CEO Greenberg Wins Bailout Suit But No Damages
Hank Greenberg won his fight to hold the U.S. responsible for a bitter pill it forced down the throat of American International Group Inc. But that's about it. The judge who called illegally onerous ...
Executives On The Move at Allianz, Aspen Re, Navigators and More
We have new executives promotions to tell you about from Aspen Re, the Navigators Group, Ironshore, AEGIS London and Allianz. *** Aspen Re hired on a RenaissanceRe executive as its new head of ...
New Texas Flood Threat Looms; Tropical Storm Carlos Growls in Pacific
As Tropical Storm Carlos churns in the Pacific, threatening Mexico's coast, the Atlantic's second storm of the year may be developing over the Yucatan Peninsula, with the potential to reach Texas and ...
Scope of Federal Hack Attack Widens as White House Weighs Responses
More federal personnel records have been hacked than previously reported and U.S. officials are weighing responses ranging from new counterintelligence initiatives to destroying the data in the ...
Marsh Sees Directors and Officers Risking Cyber Attack Liability
Directors and officers need to be certain of their responsibilities relating to the prevention or management of a cyber event, or else they run the risk of being held personally liable should an ...
Willis Expands in Asia With Taiwan Acquisition
Willis Group Holdings Plc will snatch up a broker in Taiwan, nearly doubling the size of its existing business in the country. Acquiring Elite Risk Services Limited of Taiwan will also give Willis ...
Third Point Re CEO Berger Warns New Reinsurers Will Be ‘Increasingly Difficult’ to Form
Third Point Reinsurance Ltd., co-founded by hedge-fund manager Dan Loeb, said the company is positioned to withstand competition from other investment firms because the industry isn't as easy to ...