Global Economy
Allstate Hopes Timber, Real Estate will Boost Struggling Annuity Unit
Allstate Corp. is betting on timber and real estate to boost returns at a struggling annuity unit. "We do need to figure out what we do with our annuity business," Chief Executive Officer Tom Wilson, ...
Marsh, Aon Benfield Launch Cyber Covers Aimed at Cat, Re Buyers
Some major industry players have launched new policies designed to address growing need and demand for cyber insurance. Marsh, the global brokerage unit of Marsh & McClennan Cos., recently ...
China’s Antitrust Enforcement Draws Heavy EU Criticism
China's tough competition policy is souring the mood for foreign investment, a European business lobby said on Tuesday, in the latest report to criticize Chinese regulators over a series of ...
Carlyle Group Pulls in $3.9B For Massive Asia Investment Fund
Carlyle Group, one of the world's largest private equity firms, said on Monday it has closed its fourth Asia fund at $3.9 billion, the second-largest private equity fund ever raised for Asia ...
World Economies Lag in C02 Reductions to Slow Climate Change: PwC
The world's major economies are falling further behind every year in terms of meeting the rate of carbon emission reductions needed to stop global temperatures from rising more than 2 degrees this ...
High-Risk Industries Face More Liability Issues in Wake of BP Ruling
A U.S. court ruling that dramatically ramped up BP Plc's potential penalties for the 2010 Gulf oil spill could create new liability risks not just for deep water drillers but also for other ...
Verisk Names New ISO Division President
Verisk Analytics named Beth Fitzgerald as the new leader of its ISO Insurance Programs and Analytic Services arm. She replaces Kevin Thompson, who retired as a 40-year veteran of the company. ...