News
Only 42 Percent of H1 Global Economic Losses Were Covered by Insurance: Swiss Re
Natural catastrophes and man-made disasters in the first half of 2019 were responsible for $44 billion of economic losses globally, according to Swiss Re Institute's preliminary sigma estimates. This ...
Facebook Users Reportedly Not Told Contractors Transcribe Audio Clips
Facebook Inc. this week confirmed that it ran a program to allow contractors to listen to and transcribe some users' audio clips. The social network said that the only people who were affected were ...
Investor Expects Berkshire Hathaway to Keep Growing After Buffett Is Gone
Bill Ackman said he invested in Berkshire Hathaway Inc. because he believes it will continue to generate significant returns even after Warren Buffett is no longer running the company. Ackman said in ...
Travelers Adds Chief Sustainability Officer to Executive Ranks
The Travelers Companies Inc. has added a chief sustainability officer to its executive roster, a first for the property/casualty insurer. Yafit Cohn is tasked with leading Travelers' environmental, ...
QBE Hires Ex-Willis Towers Watson Exec Jones to Lead Its North American Operations
QBE has hired a former Willis Towers Watson executive as the new leader for its North American operations. Todd Jones will be taking over as QBE North America CEO on Oct. 1, 2019, after having most ...
Hacker That Struck Capital One May Have Targeted 30 Other Companies
The Seattle woman accused of hacking into Capital One Financial Corp.'s cloud and stealing personal information on more than 100 million Americans also broke into servers of more than 30 other ...
Buffett’s Berkshire Hathaway Boosts Amazon Investment Stake
Warren Buffett's Berkshire Hathaway Inc on Wednesday said it boosted its stake in Amazon.com Inc by 11% during the second quarter, increasing its bet on the powerful online retailer even as stocks ...
Executives On The Move at Root Insurance and AXIS Re
Root Insurance made some executive changes, including hiring a new chief financial officer. AXIS Re, the reinsurance business segment of AXIS Capital Holdings Limited, named a new head of property ...