International
U.S. Judge Slashes $2B Roundup Verdict Against Bayer to $86M
A California judge on Thursday reduced a $2 billion jury verdict, slashing the award for a couple who blamed Bayer AG's glyphosate-based weed killer, Roundup, for their cancer to $86.7 million. ...
Increasing Fears of No-Deal Brexit Lead to Pound Tumble
The pound and gilt yields slid to multi-year lows as U.K. Prime Minister Boris Johnson stepped up preparations for a no-deal Brexit with just about three months left until the nation exits the ...
AIG’s Waldner Named as Insurer’s First-Ever Chief Sustainability Officer
A veteran American International Group executive has been named its first-ever Chief Sustainability Officer. In this role, Jennifer Waldner will be tasked with leading the development and ...
Argo Group Warns Q2 Earnings Will Take a Hit
Argo Group International Holdings Ltd. is warning that its results for its 2019 second quarter will take a hit due to losses affecting operations in London, Europe and Bermuda. Issues at play ...
Markel Puts CATCo into Run-Off, Launches New Retrocessional ILS Platform
Markel Corp. announced it is putting its Bermuda insurance linked securities unit Markel CATCo into run-off and also launching a new retrocessional ILS fund platform that will be ready to write ...
J&J Combats Lawsuits Alleging Cancer-Causing Baby Powder by Attacking the Science
Johnson & Johnson, seeking to head off claims by thousands of women that its iconic Baby Powder caused their cancer, took aim at some of the science cited in lawsuits alleging the company's ...
Global Insured Losses From Natural Disasters Reached $20B in H1: Aon
Global insured losses from natural disasters during the 2019 first half reached an estimated $20 billion, according to Aon's "Global Catastrophe Recap: First Half of 2019." The report noted that the ...
European Heatwave Smashes Records, Foreshadowing a Possible New Normal
Belgian zookeepers fed chickens in giant ice cubes to tigers on Wednesday as northern Europe baked in record temperatures during another heatwave that climate experts believe could become the new ...