International
Brexit Talks at Risk as May Rejects EU Draft Divorce Deal
The European Union presented the U.K. with a draft divorce deal that Theresa May said no British prime minister could ever accept. The pound fell. Brexit talks once again look to be stuck around the ...
Commercial Insurance Prices Nudged Higher in Q4: Marsh
The historic cluster of natural catastrophes that struck in late 2017 helped nudge average global commercial insurance pricing higher during the fourth quarter—the first increase since early 2013, ...
Bank of England Will Stay Vigilant in Enforcing EU Insurance Rules
The Bank of England will not "go soft" on enforcing European Union capital rules for insurers, although it will look at ways to make it easier for new entrants to boost competition in the industry, ...
The Latest Launches From Willis Towers Watson and Travelers
Willis Towers Watson, working with a division of W.R. Berkley Corp., unveiled customized cyber insurance coverage for the general aviation business. The Travelers Companies Inc. rolled out a beefed ...
Zurich Will Pay $409M for QBE’s Latin American Operations
Zurich Insurance Group will pay $409 million for the Latin American operations of Australian insurer QBE, a deal that will help it become the top insurer in Argentina and build market share in other ...
UK CEOs, Investors View Cyber Attacks as Greatest Threats to Bottom Line
Investors and chief executives say cyber attacks pose the greatest threat to businesses operating in the U.K., outweighing other material risks including populism, trade protectionism and ...
China’s Anbang Insurance Backs Govt. Takeover, Pledges Commitment to Overseas Subsidiaries
Anbang Insurance Group Co Ltd said on Monday it fully supported the Chinese insurance regulator's decision to temporarily take control of the company, and remains committed to the development of its ...
Berkshire Hathaway’s AIG Claims Costs Rose $1.8B Higher
Warren Buffett's Berkshire Hathaway Inc. boosted its estimate of the ultimate cost of a deal it made last year to backstop some risks for American International Group Inc. The company increased its ...