Global Economy
Global Investors, Politicians Spied on by Little-Known Indian Cyber Firm
A little-known Indian IT firm offered its hacking services to help clients spy on more than 10,000 email accounts over a period of seven years. New Delhi-based BellTroX InfoTech Services targeted ...
The Latest Launches From Praedicat and BHSI
Praedicat is debuting COVI19 litigation scenarios and a COVID-19 litigation tracker designed to help clients manage their exposure on casualty lines of business. Berkshire Hathaway Specialty ...
Lemonade Files Planned IPO Worth Up to $100M
Lemonade disclosed plans for an initial public offering worth as much as $100 million. The New York-based InsurTech has applied to use "LMND" as its ticker symbol for the New York Stock Exchange, ...
Opinion: Death of the Office? Not So Much
I returned to the office this week, joining thousands of bankers from Citigroup Inc. to Morgan Stanley that are trickling back to their desks in Hong Kong. After almost five months working from home, ...
Excluding Workers Comp, U.S. Commercial Insurance Saw Rapid Q1 Rate Hikes
U.S. commercial insurance prices climbed more than 6 percent in aggregate during the 2020 first quarter compared to the year, Willis Towers Watson's pricing survey for the sector. Price increases ...
UK Government Forms $12.5 Billion Reinsurance Backstop for Trade Credit Insurers
The UK government has created a £10 billion (US$12.5 billion) reinsurance scheme designed to help businesses during the COVID-19 pandemic by guaranteeing transactions insured by trade credit ...
Allianz Negotiating for China Insurance Asset Management License
Allianz is in talks with Chinese regulators for a license as the German insurer looks to eventually offer broad asset management services in the world's second-largest economy. Discussions for a ...
A Possible No-Deal Brexit Places the UK’s Fragile Coronavirus Recovery at Risk
The threat of a no-deal Brexit is back — and with it the risk that the UK economy's shaky recovery from the coronavirus pandemic will be hobbled. As British and European Union negotiators head into ...