Markets
Berkshire’s Workers Comp Business Faulted by Calif. Regulator
California's insurance commissioner on Monday said a Berkshire Hathaway Inc. insurance business evaded a state law designed to protect small businesses from unexpected workers compensation costs. ...
S&P Conference Report: Brexit Burden Unwelcome, Industry CEOs Say
While insurers and reinsurers will be able to deal with the aftermath of an exit of the U.K. from the European Union, the time and cost involved are unwelcome intrusions to the business, executives ...
Swiss Re Cuts Risky Government Bonds, Hikes Corporates
The European Central Bank has turned government bonds into one of the riskiest asset classes, prompting Swiss Re AG to move more of its investments into corporate debt, according to the reinsurer's ...
Global Indemnity plc Redomesticating from Ireland to Caymans
Global Indemnity, plc announced Monday that its board of directors unanimously approved a plan to redomicile from Ireland to the Cayman Islands. Shareholders will be asked to vote in favor of ...
Loners and Terror Risk: NYPD Official Explains the Connection
Valor, empowerment, belonging. Three words that sound like they could be a rallying cry for joining the U.S. Marines form the message that draws disenfranchised individuals to terrorism, a New York ...
Foo Fighters Suing Lloyd’s Underwriters Over Terrorism Policy
The Foo Fighters are suing insurers for failing to reimburse them for European shows they canceled following the Paris terrorist attacks in November. The suit, filed last Monday in federal court in ...
Former Volkswagen CEO Probed for Possible Market Manipulation
German prosecutors have launched a probe against former Volkswagen Chief Executive Martin Winterkorn and another senior executive who are suspected of possible market manipulation related to the ...
Executives On The Move at XL Catlin, Swiss Re, Navigators and More
XL Catlin named a new head of Canadian Property. Swiss Re promoted three executives to both global and Asia-based positions. Navigators hired an executive to launch a new business. Finally, the ...