Global Economy
China’s Ping An Insurance May be Investing in Frankfurt Building
Ping An Insurance (Group) Co., China's second-largest insurer, has submitted a bid for The Squaire building in Frankfurt, people with knowledge of the matter said. The Squaire, a ship-like office and ...
Report: Congress Nears Deal on TRIA Extension
Lawmakers are close to extending a federal program that covers a portion of corporations' losses from acts of terrorism, according to three congressional aides. House Financial Services Committee ...
November Featured Large Doses of Severe Weather: Aon Benfield
Bad weather made a huge impact in November, with four major winter weather events and resulting fatalities in the United States, global flooding and a big hailstorm in Australia generating much of ...
ACORD’s Long-Time Leader will Retire in 2016
ACORD's long-time president and CEO plans to retire within the next year after many influential years in charge. The global non-profit insurance industry standards organization disclosed that Gregory ...
New ISO Coverage Endorsements Counter Ebola Hits on Business
ISO is responding to concerns about Ebola with the development of two new coverage endorsements designed to help businesses when the virus strikes. Specifically, they're structured to assist ...
Willis Re Unveils Japan Tsunami Model in an Industry Milestone
Willis Re has come up with a Japan tsunami model, something it asserts is a first-time milestone for an extreme weather event whose resulting losses have been hard for the industry to understand. In ...
Insurance Software Maker Ebix Adds Barrington-Backed Board Members
Ebix Inc., a software supplier to the insurance industry, agreed to add two new members to its board of directors after reaching an agreement with activist investor Barington Capital Group LP. Ebix ...
After El Niño Fades, the 2015 Hurricane Season Could Be Quite Different
The 2014 Atlantic hurricane season is over, and in terms of severity, it was officially a dud. In parts of the Pacific, however, cyclone formation was robust, hitting Hawaii, Japan and India. But ...