Global Economy
China Halts Ant Group’s $37B IPO Listing
China suspended Ant Group's $37 billion listing on Tuesday, thwarting the world's largest stock market debut with just days to go in a dramatic blow to the financial technology firm founded by ...
Frequent Hurricane Shutdowns Create Business Interruption Struggles for U.S. Energy Firms
As crews began returning to U.S. Gulf of Mexico offshore facilities on Thursday, this year's repeated oil and gas production halts were already hitting energy firms' results. Eight named storms ...
Reinsurers’ Investment Strategies Help Them Tolerate COVID-19 Impact: S&P
A decade of low interest rates and tough underwriting conditions has led reinsurers to cautiously invest in riskier and more illiquid assets to generate additional return. The good news is that this ...
Facebook Risks UK Legal Action in Cambridge Analytica Scandal
Facebook Inc. risks being dragged into a UK legal dispute involving almost 1 million British users affected by the Cambridge Analytica scandal, two years after revelations about the misuse of private ...
Global Regulator Claims Too Few Companies Disclose Climate Change Financial Hits
Too few companies specify their prospective financial hit from climate change under a voluntary global disclosure code that needs wider backing from asset managers and others to be fully effective, a ...
Chubb CEO Greenberg: Hardening Market Is a ‘Very Healthy Trend’
Chubb Chairman and CEO Evan Greenberg looks around and sees a hardening market that is spreading and accelerating in multiple ways, something he termed as a long-overdue development. "I see it as a ...
Executives On The Move at QBE North America, The Hartford and W.R. Berkley Corp.
QBE North America filled two regional leadership roles with a promotion from within and a former AIG executive. The Hartford appointed a new board member. W.R. Berkley Corp. chose a new president of ...
Ship Insurers Confront Arctic Headaches as Routes Open Up
When Captain Will Whatley guides a ship through Arctic waters, he is starkly aware of what can go wrong. Double the manpower is needed to navigate. Lookout shifts are kept to just one hour, so ...