Markets
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 ...
Executives On The Move at Chubb and AXIS Capital Holdings
Chubb promoted from within to fill a newly created position covering continental Europe. A former AIG executive is joining AXIS Capital Holdings Limited as head of Underwriting and Portfolio ...
Say Goodbye to Commercial Drone Industry If Major Air Accident Occurs: Lawmaker
The commercial drone industry could be torpedoed if there were a serious accident involving a drone and a commercial aircraft, the chairman of the U.S. House Transportation and Infrastructure ...
Berkshire Hathaway Launches New Multiple Coverage Insurance for Small Businesses; Buffett Endorses
Berkshire Hathaway's Insurance Group is launching a new comprehensive insurance product for small businesses that combines multiple coverages, and the conglomerate's legendary chairman has endorsed ...
The Latest Launches From Beazley and Sompo International
Beazley started marketing coverage designed to protect banks and other lenders from pollution risks that could harm the value of property used as collateral for commercial loans. Sompo International ...