Global Economy
Resurgent Iceland Volcano Adds Risk to North Atlantic Flights
Airlines are on alert as one of Iceland's biggest volcanoes rumbles to life, threatening ash clouds that could force flight cancellations across the North Atlantic, the busiest international travel ...
QBE Responds to Profit Plunge With Plans to Sell Assets
QBE Insurance Group Ltd. plans to raise about $750 million in a share placement and sell assets including part of its lenders' mortgage insurance business in Australia after reporting an 18 percent ...
Subterranean Reservoir Meets Tokyo Typhoon Threat
Below the condos and boutiques of Tokyo's upscale Minato ward -- which includes Roppongi Hills, home to Goldman Sachs Group's Japan headquarters -- a boring machine has carved out the city's newest ...
China Investment Firm to Buy Big Stake in Ironshore
An investment group from China will buy a big stake in in Ironshore Inc., a billion-dollar insurance holding company led by former AIG executives that filed plans for a $100 million IPO in late June. ...
Buffett’s Berkshire Hathaway Decides It Likes Cable
Warren Buffett's Berkshire Hathaway Inc reported a $366 million stake in cable TV operator Charter Communications Inc in the second quarter, according to a regulatory filing made public on Thursday. ...
Soft Reinsurance Market Jeopardizes Company Financial Ratings: S&P
Property/casualty reinsurers aren't just facing heavy competition, declining premiums and excess capacity. These conditions, over time, could also jeopardize their financial ratings moving forward, ...
Coastal Cities Sinking Faster Than Sea Levels Rising, Lloyd’s Warns
A bulletin from Lloyd's of London warns that, "as sea levels rise, ground levels in coastal megacities are also falling – with potentially disastrous implications for insurers. Insurers of large ...