Global Economy
Australia’s Wesfarmers to Sell Insurance Brokerage to Arthur J. Gallagher
Perth, Australia-based conglomerate Wesfarmers has agreed to sell the insurance brokerage and premium funding operations of its Insurance division to subsidiaries of U.S.-based broker Arthur J. ...
AIG Challenges New York Regulator’s Authority Over Sales to Multinationals
American International Group Inc. sued to block New York's top financial regulator, Benjamin Lawsky, from fining it over marketing insurance overseas without a state license, claiming it would be ...JPMorgan Releases Funds to Russian Insurer After Russia Protest, U.S. Approval
JPMorgan Chase & Co. is unfreezing a money transfer from a Russian embassy in Central Asia to an insurer linked to U.S.-sanctioned bank after getting a go-ahead from regulators. "Following ...
Alibaba’s Blueprint for E-Commerce Empire Includes Insurance, Mutual Funds
Alibaba, the world's biggest e-commerce company, changed how China shops. Now the man driving its blockbuster U.S. stock sale wants to transform the rest of the country's services industry, adding ...
Asia-Pacific Offering Varied Growth Opportunities for Insurers
With insurance markets already mature in Europe and North America, carriers are eager to find new markets in which to expand. Many are looking to Latin America and Africa. But it is the Asia-Pacific ...
Internationalizing China’s Yuan Could Bring ‘Seismic Shift’ to Global Financial Landscape
China realizing its ambitions to internationalize the yuan is likely to be a "seismic event" for global markets, leading to large capital flows and perhaps a new reserve currency, a top Australian ...Extreme Weather in 2013 Due to Climate Change: UN
Much of the extreme weather that wreaked havoc in Asia, Europe and the Pacific region last year can be blamed on human-induced climate change, the U.N. weather agency says. The World Meteorological ...
Climate Scientists Highlight Human Cost of Global Warming
Top climate scientists who are gathering in Japan this week to finish up a report on the impact of global warming say that if you think climate change is only faced by some far-off polar bear decades ...