International
Crypto Cover Is Drawing Increasing Insurance Industry Interest
In the staid and buttoned-up world of insurance underwriting, few want to talk about it. You won't find many ads promoting it or details on company websites offering it. But according to industry ...
UK Official Warns EU Risks Forcing Chaotic Brexit Without a Deal
British Foreign Secretary Jeremy Hunt said the U.K. will not "blink" in Brexit negotiations, as he warned the European Union it risks forcing the country to crash out of the bloc with no deal. On his ...
May Pushes Her Brexit Plan as Practical and Workable
British Prime Minister Theresa May's speech on Friday about Brexit had two audiences who weren't in the room: the European Union, whom she urged to engage with her proposals, and her own party. "Our ...
New York City Climate Lawsuit Against Major Oil Companies Dismissed by U.S. Judge
A U.S. judge on Thursday dismissed a lawsuit by New York City seeking to hold major oil companies liable for climate change caused by carbon emissions from burning fossil fuels. In dismissing the ...
Travelers’ Q2 Dinged by Higher Cat Losses; Net Written Premiums Soar
The Travelers Companies, Inc. saw its net income dip and its combined ratio rise during the 2018 second quarter, due largely to a spike in catastrophe losses. Net income for the quarter came in at ...
China’s Anbang Insurance Reportedly Prepping to Sell $10B in Overseas Properties
China's Anbang Insurance Group Co Ltd is looking to offload overseas properties worth about $10 billion to shore up its balance sheet as part of a government-backed rescue, three people with ...
UK Insurers, Banks Warned to Prepare for ‘Hard’ Brexit
Britain's banks and insurers must plan for a "hard" Brexit in case a transition period is not in place next March, a senior British regulator said on Thursday in a warning echoed by Brussels. "With ...
Generali to Sell Off Wealth, Services Units for $476M
Assicurazioni Generali SpA agreed to sell wealth-management and service units in Ireland and Guernsey for 409 million euros ($476 million), pushing the Italian insurer above its target for ...