Markets
Executives On The Move at AIG, Holborn Corp. and the Global Insurance Accelerator
AIG picked a new head of communications for its Investments organization. Holborn Corporation hired a veteran Gen Re executive. The Global Insurance Accelerator brought on a new executive who will ...
Allstate Buys iCracked, an On-Demand Repair Service for Smartphones and Tablets
The Allstate Corp. has acquired iCracked, a provider of on-site, on-demand repair services for smartphones and tablets in North America. Financial terms were not disclosed. Allstate said it plans to ...
January Winter Storms, Extreme Cold Caused $1B in U.S. Econ Losses: Aon
January's cluster of winter storms and extreme cold have likely caused $1 billion in economic losses in the United States, according to Aon's January 2019 Global Catastrophe Recap. A number of ...
Suit Accuses CBS Execs of Selling Stock Before Disclosing Moonves Sexual Harassment Claims
CBS Corp. executives sold more than $200 million in company shares before disclosing to the public claims of sexual harassment against former CEO Les Moonves and other network officials, a California ...
Job Losses Expected as AXA XL Merges European Teams
AXA's $15 billion acquisition of XL Group last fall will lead to further integration, consolidation and job cuts, according to a draft plan the company released on Feb. 12. The M&A deal between ...
Tesla Model 3 Goes Global With Europe, China Expansion
For Tesla Inc. investors, the last year was all about whether the company could make enough cars at a stable rate. This year is going to be all about who would buy those cars. As Tesla gears up to ...
U.S. Pension Funds Dive Into Crypto Investing in Potential First-Time Move
Morgan Creek Digital has scored what it says is probably the first investment in the crypto asset universe from a U.S. pension fund. Two pension plans in Fairfax County, Virginia are anchor investors ...
Who Will Cover Gig Workers for Injuries on the Job?
The rise of an on-demand economy once threatened to put workers compensation insurers in the hot seat, in large part because the question of how the sector could, or should, cover these individuals ...