Global Economy
Extreme Weather: Building Resilience for Rising Risks
The insurance industry has a responsibility to assume a "leadership role in creating and promoting resilience as the first line of defense" against natural disasters, an industry leader said ...
Buffett’s Berkshire Hathaway Invests in Biogen and Kroger
Warren Buffett's Berkshire Hathaway Inc. piled funds into biotechnology company Biogen Inc. and supermarket operator Kroger Co. as it trimmed some of its bank wagers in the last few months of 2019. ...
AIG CEO Duperreault on P/C Insurance Turnaround: ‘This Inflection Point Was Critical to Achieve’
In a world of giant public companies with a global reach, $12 million may not seem like much. For American International Group, it's a very big deal. In the 2019 fourth quarter, AIG reported $12 ...
New InsurTech Financings: Software, SaaS Platform and Bicycle Insurance
Recent InsurTech funding announcements include a French company developing enterprise software products and services for credit and surety insurers; a Nevada-based SaaS-based digital insurance ...
Ironshore Expands, Realigns Wholesale Distribution Platform
Ironshore, the Liberty Mutual specialty insurance company, has expanded and realigned its wholesale distribution platform with local offices headed by branch managers. The company believes the new ...
Delta Will Invest $1B to Limit Global Air Travel Climate Impact
Delta Air Lines Inc said on Friday it will invest $1 billion over the next decade in initiatives that would limit the impact of global air travel on the environment, the first airline to make a ...
AIG Will Spend $1.3B Over 3 Years on Modernization Initiative
American International Group said it will invest $1.3 billion over the next three years in its massive AIG 200 initiative, which is designed to revamp and improve core processes, technology ...
Carriers Rush to Exclude Coronavirus Epidemic From Event-Cancellation Policies
Businesses looking to buy cancellation insurance for events around the world will not be able to get cover for the new coronavirus outbreak, industry sources said, as insurers rush to exclude the ...