International
British PM: Hard Brexit Break Is Not Inevitable
A clean break with the EU's single market is not inevitable, British Prime Minister Theresa May said on Monday, seeking to clarify comments that pushed down the pound on the possibility of a ...
VW Must Face U.S. Investor Lawsuit Over Diesel Emissions Cheating
Volkswagen AG must face claims it misled U.S. investors after installing so-called defeat devices in diesel vehicles used to cheat emissions tests. A San Francisco federal judge also rejected a ...
Arch Capital Acquisition Draws Downgrades From Moody’s and Fitch
Arch Capital Group's recently concluded $3.4 billion purchase of American International Group's mortgage guaranty unit spurred both cautious and negative reactions from Moody's Investors Service and ...
Executives On The Move at Navigators, Great American and Starr Companies
Three Chubb vets are taking on executive leadership roles at Navigators. Great American Insurance Group appointed a new director for a division within its Singapore branch. Starr Companies promoted ...
Jan. 1 Reinsurance Renewal Price Drops Moderate: Guy Carpenter
Once again, Jan. 1 reinsurance renewals are indicating pricing declines, but the trend has moderated somewhat. Property catastrophe pricing fell 3.7 percent at Jan. 1, according to the Guy Carpenter ...
Watsa’s Fairfax Reportedly Wants Ontario Pension Fund to Back $4.9B Allied World Buy
Prem Watsa's Fairfax Financial Holdings Ltd. is in talks with the Ontario Municipal Employees Retirement System to see if the pension fund will help finance his $4.9 billion takeover of Allied World ...
2016 Global Natural Catastrophe Losses Hit a 4-Year High: Munich Re
Global natural catastrophe losses reached their highest level in four years in 2016, with a big chunk coming from North American storms and other weather events, Munich Re said in its annual ...
Volkswagen Faces Legal Test in Germany Over Emissions Scandal Compensation
German consumer rights champion myRight filed the first legal test case against Volkswagen in Germany on Tuesday, raising pressure on the carmaker to compensate customers in Europe over the emissions ...