Global Economy
RMS, AIR Worldwide Tally Catastrophic Damages From Nepal Earthquake
RMS and AIR Worldwide have issued early damage assessments from the catastrophic Nepal earthquake on April 25, pointing to huge fatalities and historic levels of damage to property and the economy. ...
Nepal Quake Kills Thousands; Hopes For Finding Survivors Fade
Hopes for finding survivors trapped under rubble began to fade 48 hours after Nepal's worst earthquake in decades even as rescuers ferried scores of climbers trapped on Mount Everest to safety. ...
Munich Re’s Hartford Steam Boiler Invests in ‘Internet of Things’ Tech Startup
Munich Re's Hartford Steam Boiler made a seed stage investment in Waygum, a technology startup focused on building a mobile app platform for the Industrial Internet of Things. HSB isn't disclosing ...
AIG Expands in Bulgaria With Debut of New Support Center
American International Group continued its expansion in Central Europe with the opening of a new support facility in Bulgaria. The new Shared Services Center is designed to support AIG's insurance ...
Proposed IRS Rules Could Threaten Paulson, Highbridge Bermuda Ventures
Investment vehicles set up by Paulson & Co. and Highbridge Capital Management in tax-friendly Bermuda may be under threat from the U.S. Internal Revenue Service. The IRS, in proposed rules ...
AIG to Get $72M in Air Lease Lawsuit Settlement
American International Group Inc. is due to receive $72 million in payments under a settlement of the lawsuit against Air Lease Corp., the jet lessor founded by Steven Udvar-Hazy. Air Lease will make ...
Beating the M&A Trend, Aspen is Thriving (So Far) On Its Own
As consolidation in the reinsurance industry accelerates, Aspen Insurance Holdings Ltd. offers a study in contrasts. The Bermuda-based insurer and reinsurer fought off an aggressive takeover bid ...
Swiss Re, IBM, to Team on Corporate Cyber Risk Protection
Swiss Re is linking up with IBM in a bid to address demand for better corporate cyber risk protection. Neither side is disclosing financial details. Specifically, the partnership is between the Swiss ...