International
Hackers Cripple Johannesburg and Demand Bitcoin Ransom
The City of Johannesburg shut down its website and billing systems after a group hacked into the authority's system and demanded a ransom of four Bitcoins worth about $30,000. The call center, ...
UK’s Johnson Seeks End to Neverending Brexit With Dec. 12 General Election
U.K. Prime Minister Boris Johnson will seek a general election on Dec. 12, setting up a national vote on his Brexit strategy. Johnson briefed his cabinet on Thursday afternoon and announced that a ...
China’s Ping An Insurance Boosts Q3 Profit Through Investment and Banking Income Gains
Ping An Insurance (Group) Co., China's largest insurer by market value, said third-quarter profit jumped 50 percent thanks to higher investment returns and banking income. Net income rose to 31.9 ...
Startup Constellation Insurance Holdings Raises $500M to Invest in M&A, Demutualizations
Constellation Insurance Holdings, founded by industry veteran Anurag Chandra, former CEO of Prosperity Life Insurance Group, has partnered with Canadian institutional investors, Caisse de dépôt et ...
Beazley Makes Strategic Investment in Hong Kong’s Pegasus Underwriting
Beazley, the London-based specialist insurer, is making a strategic investment in Hong Kong-based coverholder Pegasus Underwriting Ltd. The investment will see Beazley become a 30 percent shareholder ...
Executives On The Move at Nationwide, CLARA Analytics and CAS
Nationwide named its new chief marketing officer and beefed up the responsibilities of its chief strategy officer to cover innovation-related nitiatives. CLARA Analytics, a provider of artificial ...
The Latest Launches From AIG, Aon and Risk Strategies
AIG is planning a new syndicate at Lloyd's designed to serve the specialist U.S. high net worth market. Aon announced the launch of an Aon-wide group created to increase the value and holistic ...
Accounting Tricks Hide Real Value of Teva’s Proposed Opioid Settlement
Teva Pharmaceutical Industries Ltd's proposed $23 billion drug giveaway to settle thousands of U.S. opioid lawsuits will likely cost the company a fraction of that figure due to how it has valued ...