Markets
JPMorgan Releases Funds to Russian Insurer After Russia Protest, U.S. Approval
JPMorgan Chase & Co. is unfreezing a money transfer from a Russian embassy in Central Asia to an insurer linked to U.S.-sanctioned bank after getting a go-ahead from regulators. "Following ...
Alibaba’s Blueprint for E-Commerce Empire Includes Insurance, Mutual Funds
Alibaba, the world's biggest e-commerce company, changed how China shops. Now the man driving its blockbuster U.S. stock sale wants to transform the rest of the country's services industry, adding ...
Chairman Becker Sees Bright Future for QBE; Not Quitting U.S. Programs
On his second day as chairman of QBE, Marty Becker told shareholders gathered at the group's annual meeting that a focus on "earnings stability and predictability" will guide the board in its ...
A.M. Best Boosts RSUI to A+; Moves Alleghany, TranRe Outlooks to Positive
Rating agency A.M. Best announced Wednesday that it upgraded the financial strength ratings (FSR) of members of RSUI Group to "A+" (Superior), citing continued strong capitalization, excellent ...
Guy Carpenter Hires Direct Re Team as Brokers From Endurance
Guy Carpenter & Co. LLC, a global risk and reinsurance specialist and member of Marsh & McLennan Cos., on Wednesday announced that it has hired the Kansas City-based Direct Reinsurance team ...
Damage From 8.2 Quake Off Chile Being Assessed; Evacuated Residents Return
Chile lifted an evacuation order for coastal areas after the strongest earthquake in four years left six people dead and prompted President Michelle Bachelet to order the military to help maintain ...
Suit Against JPMorgan, CEO Over Whale Losses Can Proceed; Directors Case Dismissed
JPMorgan Chase & Co must face a lawsuit from shareholders accusing it of securities fraud by misleading them about its ability to manage risk, which surfaced when it lost $6.2 billion in the ...
Judge Dismisses Motion for Evidence in Malaysia Plane Tragedy, Threatens Sanctions
An Illinois judge on Monday dismissed a U.S. law firm's motion to obtain evidence of possible design and manufacturing defects from Boeing Co and Malaysian Airline System in connection with the ...