International
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 ...
Executives On The Move at Tokio Marine HCC and GEICO
Tokio Marine HCC promoted a number of executives within its Specialty Group. GEICO promoted an up-and-coming executive on the East Coast. *** Tokio Marine HCC promoted a number of executives within ...
AIG Closes $5.6B Validus Acquisition; Q2 Earnings Out on Aug. 2
When American International Group reports its 2018 second-quarter financial results on Aug. 2, it will be the proud new owner of Validus Holdings. AIG disclosed on July 18 that it has closed a $5.6 ...
Ford Will Fork Over $299.1M to Resolve Takata Air Bag Consumer Claims
Ford Motor Co. has agreed to pay $299.1 million to settle consumers' economic-loss claims connected to Takata Corp. air-bag recalls. The settlement, filed in federal court in Miami Monday, reimburses ...