Markets
AIG CEO Duperreault Sees Insurance Risk Benefits in Relying on ILS Market
American International Group Inc Chief Executive Brian Duperreault said on Wednesday he sees "huge potential" within the insurer's portfolio for use of a market in which investors trade assets tied ...
Gender Plays a Big Role in Workplace Harassment: Hiscox Survey
More than one-third (35 percent) of employees in the U.S. feel they've experienced workplace harassment, and half of them believe it was due to their gender. A study released by specialty insurer ...
You are shopping for a new refrigerator. How do you choose? One is the right size from a durable brand...
Corporate ‘Cyber Bombs’ Making Intelligence Officers Worried
A growing number of countries can hack into private computer networks and install malicious software to sabotage another country's infrastructure, Germany's domestic spy chief said on Tuesday. China, ...
California Falls Short in Giving Utilities Relief From Strict Liability Rules
As California's lawmakers debated late Friday night under the statehouse capitol dome in Sacramento, the city's utility district kept the lights on for them. But the legislators fell short for the ...
Executives On The Move at CNA, Arch Insurance and Guy Carpenter
CNA chose a former Accenture executive as its latest chief operations officer. Arch Insurance is bringing an ex-AIG executive to run its U.S. property arm. An executive at Willis Re is switching to ...
In a Soft Market, Munich Re Regains Top Reinsurer Spot: A.M. Best 2017 Ranking
Munich Re is once again the world's largest reinsurer after losing the top spot in 2017 to rival Swiss Re, according to A.M. Best's new market segment report. A.M. Best made its assessment based on ...
Germany Pushes Back Against UK Govt. Demands for Financial Firms’ Post-Brexit Access
The European Union won't rush to enhance market access for financial firms outside the bloc, a senior German official said, pushing back against key U.K. government demands in the Brexit ...
Tropical Storm Gordon Weakens to Tropical Depression, Missing Hurricane Predictions
Gordon was rapidly weakening to a tropical depression after coming ashore near the Alabama-Mississippi border late Tuesday and killing at least one person while knocking out power to thousands. The ...