International
Nissan First EU Tests of Self-Driving Car Begin in London
Guided by cameras and radars, and negotiating traffic and roundabouts, a self-driving Nissan car took to the streets of London on Monday for the Japanese company's first European tests of an ...
Third Point Re’s John Berger to Give Up CEO Slot, Remain as Board Chair
Third Point Reinsurance Chairman and Chief Executive Officer John Berger plans to step down as CEO on March 1. His designated replacement: Robert Bredahl, the reinsurer's president and chief ...
UK Brexit Bill Could Hit $63B, Austrian Leader Estimates
Britain should be charged about 60 billion euros ($63 billion) when it leaves the European Union, Austrian Chancellor Christian Kern said, becoming the first EU leader to put a value on the size of ...
XL Group CFO Porrino to Retire on May 1; Robb Will Replace
XL Group Ltd. Chief Financial Officer Peter Porrino is retiring from his executive role this spring, though the Bermuda-based insurer and reinsurer has chosen from within the company to replace him. ...
Willis Towers Watson Aims to Buy French Aviation Brokerage
Willis Towers Watson has entered into exclusive negotiations with OAAGC, the French aviation brokerage, to acquire its team and book of business. Paris-based OAAGC (Office d'Assurances Aériennes G. ...
Cyber Attacks Spur $350M Reduction in Verizon’s Yahoo Acquisition Offer
Verizon Communications Inc said on Tuesday it would buy Yahoo Inc's core business for $4.48 billion, lowering its original offer by $350 million in the wake of two massive cyber attacks at the ...
Allianz Debuts Morocco Operations Made Possible by Zurich Sale
The Allianz Group is now officially open for business in Morocco. Its division in the North African Country, Allianz Maroc, formally debuted on Feb. 22. Based in Casablanca, it was previously known ...
Institutional Investors Yanked $469B From Equities in 2016
Institutional investors pulled $468.8 billion out of equities in 2016, a report by the research firm eVestment showed on Tuesday, notwithstanding a rally late in the year that drove stock markets to ...