Global Economy
AXA Explores Sale of Singapore Unit; Transaction Could Raise $700M
HSBC Holdings Plc and Malayan Banking Bhd.'s insurance venture are among shortlisted bidders for AXA SA's business in Singapore, which could raise about $700 million in a sale, according to people ...
Climate Change Will Boost Hurricane Losses 20 Percent or More by 2050: Research
By 2050, climate change-related weather events will have a meaningful impact on future hurricane losses, increasing them by 20% or more and in some cases doubling them, even without any increase in ...
Aon CEO Case Recognized for Advancing LGBTQ Equality
Aon CEO Greg Case has been recognized for advancing the equality of LGBTQ+ employees and individuals. Specifically, Case was named the No. 1 ally on the INvolve OUTstanding LGBT+ Ally Executives list ...
European Firms, Insurers, Warned of U.S. Sanctions Over Russian Pipeline
The U.S. State Department this month told European companies which it suspects are helping to build Russia's Nord Stream 2 gas pipeline that they face the risk of sanctions as the outgoing Trump ...
The U.S. Struck Hardest by 2020 Global Insured Cat Losses: Aon
As bad as 2020 was, global insured catastrophe losses came in at relatively normal levels. The U.S. stands as a notable exception, however, with a large surge in hurricanes, wildfires, and other ...
ReSource Pro Grabs Insurance Consulting Firms Strategy Meets Action, The Nolan Company
ReSource Pro said it has acquired two strategic advisory and management consulting firms focused on property/casualty insurance: Strategy Meets Action and The Nolan Company. ReSource Pro, an ...
Munich Re US CEO Levy to Retire after Q1; Winter Will Replace Him
Steven Levy, the longtime president and CEO of Munich Re US, plans to retire on April 1. Munich Re executive Marcus Winter will replace him, the company disclosed. Levy has worked for Munich Re US ...
British Officials Claim They Had to Bear Liability in Exchange for Vaccine Deals
Britain had no choice but to agree to bear liability if claims were made against vaccine makers as part of supply deals, officials said on Monday, adding that approval for three of the candidates ...