Markets
Swiss Re’s Estimated Tianjin Explosion Claims Hit: $250M
Swiss Re said that the Tianjin explosion in China will leave it with an approximately $250 million claims burden, but news of the claims hit didn't mar an otherwise solid 2015 third quarter. The ...
Allstate Names New President of Encompass Division
The Allstate Corp. has named Mark Green as president of the Encompass insurance companies. Green was previously president of Allstate Dealer Services and Ivantage Select Agency Inc. He will report to ...
Using Hands-Free Technology While Driving Is ‘Surprisingly’ Risky: AAA Research
Mental distractions can persist for as long as 27 seconds after dialing, changing music or sending a text using voice commands, according to new research on distracted driving. Drivers using phones ...
China and Germany Agree on Halt to Economic Cyber War
China and Germany agreed to work on stopping economic cyber spying between the two nations amid mounting concern that the thousands of small- and medium-sized companies that form the backbone of ...
The Hanover Temporarily Brings Back Former CFO After Greenfield’s Death
The Hanover Insurance Group brought back a former chief financial officer company to serve as interim CFO, a move made necessary due to the unexpected death of his predecessor earlier in October. ...
Carl Icahn’s Emergence Ups the Stakes for AIG CEO Hancock
Peter Hancock may have met his hardest challenge yet. Since Hancock took over as chief executive officer of American International Group Inc. last year, Warren Buffett's Berkshire Hathaway Inc.'s new ...
Hurricane Patricia May Hit Mexico Cat Bond
Mexico's natural disaster fund may be $100 million better off at bondholders' expense after Hurricane Patricia appeared to trigger a catastrophe bond the country sold in 2012. Investors in those ...
Berkshire Hathaway Specialty Now in Australia with Marine Office
Berkshire Hathaway Specialty Insurance Company is now underwriting Marine, Transport & Logistics Liability Insurance in Australia and New Zealand. Barton Phillips, the head of the group, and ...