Global Economy
Brexit Update: Future BoE Head Urges UK and EU to Avoid Finance ‘Punch-Up’
Britain and the European Union must find a way to settle future differences over how Britain's huge finance industry can do business in the bloc without resorting to a "metaphorical punch-up," the ...
A Closer Look at AIG’s Rumored Future Leader
Peter Zaffino sat at 2 World Trade Center poring over financial reports on the morning of Sept. 11, 2001, when the first plane struck a neighboring building. Zaffino, known by colleagues for his ...
Everest Re Improves Results With Premium Hikes and Investment Income
Everest Re Group reported a successful 2019 fourth quarter and year, driven largely by gains in insurance premiums and investment income. The Bermuda-based insurer and reinsurer reported $217.6 ...
Global Natural Disasters Caused Economic Damages Surpassing $3B in January: Aon
U.S. storms, Australian bushfires and hailstorms, and floods in various countries across the globe caused more than $3 billion in economic damages during January, according to Aon's Global ...
Climate Change Makes ‘Atmospheric Rivers’ Drench the U.S.
Climate change is spurring a new, deep dive into a complex, little-studied weather system blamed for creating billions of dollars in flood damage across the western U.S. Atmospheric rivers are narrow ...
New Cyber Services From AXA XL/Accenture and Cowbell Cyber/Advisen
AXA XL and Accenture's partnership will give the insurer a new service to help clients respond to and recover from cyber attacks. Managing general agent Cowbell Cyber said it will incorporate ...
CNA Scores With Improved Q4 Results and Investments
Higher premiums, soaring investment results and fewer catastrophe losses helped CNA Financial Corp. produce solid net income to close out 2019. CNA's Q4 2019 net income reached $273 million, or $1 ...
AXA Confirms Plans to Sell Eastern Europe Operations for Nearly $1.1B
AXA has confirmed earlier reporting that it has agreed to sell its operations in Poland, Czech Republic and Slovakia to Austria's Uniqa Insurance Group. AXA will sell 100 percent of its life and ...