Global Economy
U.S. House Approves Cyber Threat-Sharing Bill
The U.S. House of Representatives passed a bill on Wednesday that would make it easier for private companies to share information about cybersecurity threats with the government without fear of ...
ACE Expands Specialist Capacity For Fine Art and Coin Coverage
ACE Group is taking steps to boost its capacity to underwrite fine art, coins and other related high-end items. The global property/casualty insurer said its ACE Global Markets division will offer ...
2015 to Get a Mild Dose of Hurricanes and Tropical Storms: WSI
Expect 2015 to be another mild year in terms of hurricanes and tropical storms, according to Weather Services International's new forecast for the season. There will be nine named storms, five ...
ACE CEO Warns Insurers May be Taking on Too Much Risk Again
Ace Ltd. Chief Executive Officer Evan Greenberg said there are signs the insurance industry is entering another era of taking on too much risk as competition pressures companies to lower prices to ...
Ex-AIG CEO Greenberg Scrambles to Avoid Fraud Trial
In a last-ditch effort to avoid trial, former American International Group Inc Chairman Maurice "Hank" Greenberg is seeking permission to ask New York's highest court to throw out the accounting ...
European Union Renews Effort to Halt U.S. Reinsurance Collateral Rule
The European Union will mount a fresh bid to persuade the United States to free up the billions of euros in collateral it requires foreign re-insurers to set aside against policies. EU states agreed ...
Travelers Expands Share Repurchase as Q1 Net income Drops
The Travelers Companies reported a big drop in net income during the 2015 first quarter, and its combined ratio nudged slightly higher. Executives attributed the results, in part, to a drop in net ...
Goldman Sachs Resolves U.K. Gender-Discrimination Lawsuit
Goldman Sachs Group Inc. settled a discrimination lawsuit hours before testimony from an analyst who'd claimed she'd been deprived of pay, bonuses and a promotion because of her gender. Sonia ...