International
Aspen Launches $160M Cost-Saving Program After Money-Losing Q3; Job Cuts Likely
Aspen Insurance Holdings Ltd. said it will launch a program to boost operating efficiencies and save $160 million over three years. An unknown number of job cuts are also likely. Aspen spokesperson ...
EU, UK, Near Agreement on Faster-Paced Brexit Talks
The European Union's chief Brexit negotiator said he's ready to intensify the pace of talks with the U.K, as the window of opportunity to begin trade talks this year is closing. "I'm ready to speed ...
Executives On The Move at AIG and Swiss Re
A former AIG executive has returned to the insurer to take on a newly-created role. Swiss Re's Corporate Solutions unit appointed a new executive with a North America focus. *** Chris Townsend will ...
AIG’s Newly-Acquired Tech Subsidiary Now Known as ‘Blackboard’
"Blackboard," is the new name for American International Group's technology-focused subsidiary formerly known as Hamilton USA. Hamilton USA was part of Hamilton Insurance Group, but AIG announced ...
Basic IT Security Best Practice Could Have Minimized the WannaCry Ransomware Attack: UK Govt.
The U.K. government holds North Korea responsible for the global WannaCry ransomware attack that crippled parts of the state-run National Health Service as a damning report highlighted its weak ...
Insurance Included in Singapore’s Plans to Create 4,000 Finance Sector Jobs
Singapore wants to bolster its status as a wealth management and foreign-exchange center as part of plans to create more financial-sector jobs and mitigate the effect of rapid changes in technology. ...
After Historic Storms, Insurers May Not Be Able to Price Their Way Back
The worst hurricane season in modern U.S. history is starting to look like a blip on the charts of insurance stocks, with investors banking on a quick restoration of capital as firms rediscover ...
Big Oil’s $1B Climate Change Fund Chooses First Three Investments
A $1 billion fund created by top energy companies to curb climate change announced its first three investments on Friday and said two new members could be poised join the scheme. The Oil and Gas ...