Global Economy
ACE CEO Greenberg: ‘We Are Looking Pretty Good’ Despite Strong Dollar
ACE Ltd. is in a position to be bullish about the vast majority of its 2014 fourth quarter results. The property/casualty insurance giant booked a sizable jump in underwriting income, growth in net ...
‘Ghost’ Cyber Threat Hopefully Thwarted By New Linux Patch
Red Hat Inc and other makers of the widely used Linux operating system for business computers updated their software on Tuesday to thwart a serious new cyber threat they warned could allow hackers to ...
Fitch Ratings: Bermuda Reinsurers Adapting To a Tough 2015 Ahead
Merger-mania may be accelerating among property/casualty reinsurers. But as Fitch Ratings sees it, the Bermuda market in 2015 is adapting in the face of heavy competition, alternate sources of ...
Smartphones and Tablet Devices: The New Cyber-Attack Weak Spots
Smartphones and tablet devices are the new weak spot in the battle against cyber-criminals, according to the head of computer security at Europe's biggest phone company. Businesses and governments ...
As Reinsurance M&A Accelerates, Who Are The Next Targets?
Insurance dealmaking is heating up as companies embrace a bigger-is-better philosophy. Axis Capital Holdings Ltd.'s plan to merge with PartnerRe Ltd., creating a firm with a combined market value of ...
AXIS CEO: More Deals Possible After Merger With PartnerRe
The creation of one of the world's largest reinsurers in an all-stock merger paves the way for more deals. AXIS Capital Holdings Ltd. and PartnerRe Ltd.'s combination without taking on debt will ...
India Reaches Insurance Deal With U.S. That Could Propel Nuclear Power Expansion
Prime Minister Narendra Modi and U.S. President Barack Obama unveiled a plan centered on insurance on Sunday that they hope will convince U.S. companies to build nuclear power stations in India, but ...
Malaysia Airlines’ Latest Woe: A Cyber Attack
A group calling itself "Official Cyber Caliphate" said it hacked on Monday the official website of national carrier Malaysia Airlines (MAS), but the airline said its data servers remained intact and ...