International
QBE Denies Allianz Submitted Informal Bid to Buy It
Germany's Allianz has made an informal takeover approach to QBE Insurance, Australia's biggest insurer, but has not named a price, sources told Reuters on Monday. Shares in QBE closed flat after ...
Tesla Alleges Ex-Autopilot Program Director Stole Company Secrets
Tesla Motors Inc. sued the former director of its Autopilot program, accusing him of taking confidential information about the company's driver-assist system and trying to recruit at least a dozen ...
Former VW CEO Under Investigation by German Prosecutors
German prosecutors are investigating former Volkswagen chief executive Martin Winterkorn on suspicion of fraud, looking into when he first knew that the carmaker was rigging diesel emissions tests. ...
Europe’s Firms, Unprepared for Cyber Risks, Face Breach Disclosure Law
European companies are unprepared to cope with the reality of today's cyber risks, according to a new report from Marsh & McLennan Cos. (MMC) and cyber security company, FireEye. However, ...
A.M. Best, Fitch Place AIG Under Review Over Anticipated Reserve Charge
American International Group won't be reporting its Q4 2016 financials until Feb. 14, but a disclosure about a "material adverse reserve adjustment" from the insurer for its U.S. commercial business ...
The Latest Launches From Hiscox and Brit Ltd.
Hiscox recently started selling a policy designed to give clients added crisis management services. Brit Ltd. unveiled a new Lloyd's consortium for yachts. *** Hiscox has started selling a Security ...
UK Lawmakers to Start Limited Debate of Brexit Bill on Jan. 31
Prime Minister Theresa May's government will push its draft law to trigger the start of the Brexit process through the House of Commons within two weeks in a rush to stick to her March 31 deadline. ...
Executives On The Move at CNA and Chubb
CNA created a new executive position focused on integrating technology and operations, and hired an Axis Capital veteran to fill the job. Over at Chubb, the insurer hired a former Allied World senior ...