Markets
Generali Will Sell Panama Business to ASSA for $172M
Generali has entered into an agreement to sell its Panama business to ASSA Compañía de Seguros S.A., for $172 million, continuing its strategy to focus on core businesses. Under the transaction, ...
The Latest Launches From XL Catlin and Liberty Mutual
XL Catlin's North American Construction business has a new product designed for large contractors and some owners of large construction projects. Liberty Mutual debuted its new proprietary Premier ...
U.S. Army Abandons Use of Chinese-Made Drones Due to Cyber Vulnerability Worries
The U.S. Army has ordered its members to stop using drones made by Chinese manufacturer SZ DJI Technology Co Ltd because of "cyber vulnerabilities" in the products. An Aug. 2 Army memo posted by sUAS ...
Another Wells Fargo Lawsuit, This Time Over Merchant Credit Card Fees
A Wells Fargo Bank joint venture that provides credit card processing services to merchants across the country has been hit with a lawsuit accusing it of using misleading sales tactics and ...
The Latest Launches From Chubb, LexisNexis and The Hartford
Chubb said it beefed up its family office portal with a number of new features. LexisNexis is hoping to propel global expansion of insurance telematics with the addition of a multi-language ...
Aon Benfield Is Latest Broker to View Cat Bond Issuance as Hitting Historic Highs
Another insurance broker has concluded that insurance-linked securities are reaching record issuance levels. Aon Securities, Aon Benfield's investment banking division, determined that catastrophe ...
Wellness Programs Work as Employee Retention Tools: Arthur J. Gallagher Survey
In today's tight job market, wellness programs work well beyond improving physical health. They're also a powerful tool that can help keep top talent at your company, according to a new employer ...
UK Officials Dismiss Report of $47B Brexit Price Tag
Theresa May's office dismissed as speculation a report that the U.K. is prepared to pay a 40 billion-euro ($47 billion) bill to leave the European Union, while leading Brexit supporters pushed back ...