Markets
Zurich Insurance Reportedly Close to Buying Deutsche Bank’s Italian Advisers Unit
Zurich Insurance Group AG is nearing a deal to buy Deutsche Bank AG's Italian financial promoters network, according to people familiar with the matter. Zurich has emerged as the leading candidate to ...
FDA Slaps ‘Most Serious’ Label on Philips Ventilator Recall Over Low Oxygen Risk
The U.S. Food and Drug Administration on Tuesday classified the recent recall of some of Philips' ventilators as Class 1, or the most serious type of recall, saying the use of these devices may cause ...
Willis Re Sale May Still Happen, Willis Towers Watson CEO Confirms
Insurance broker Willis Towers Watson PLC said on Tuesday it is weighing strategic alternatives for its reinsurance unit, Willis Re, days after a planned sale to rival Arthur J. Gallagher fell ...
COVID Variant, Disasters Cripple Global Supply Chains
LONDON/BEIJING – A new worldwide wave of COVID-19. Natural disasters in China and Germany. A cyber attack targeting key South African ports. Events have conspired to drive global supply chains ...
Amid Hot Real Estate Market, InsurTech Hippo Eyes a Cool $638M Listing Today
Hippo Enterprises Inc. wants to change homeowners' insurance by using customer data to make it faster and easier to get coverage, Hippo's chief executive said in an interview. The company, which has ...
New Securities Class Actions Decline 25% in First Half of Year
Plaintiffs filed 112 new securities class action lawsuits in federal and state courts in the first half of 2021, down 25% from the second half of 2020. This was the lowest number of filings since the ...
How Reinsurers’ Results Rebounded in First Half 2021 From 2020
The first half financial results reported by a group of six reinsurers over the past week generally show a strong return to profits after last year's challenging market conditions. A wrap-up of these ...
How Reinsurers’ Results Rebounded in First Half 2021 from 2020
The first half financial results reported by a group of six reinsurers over the past week generally show a strong return to profits after last year's challenging market conditions. A wrap-up of these ...