International
Insurance, Reinsurance CEOs Join Global Push to Weave Insurance Concepts Into Disaster Planning
A group of insurance, reinsurance and global broking CEOs are assisting the work of the Insurance Development Forum (IDF), which was launched last month to help build resilience to climate risk and ...
Activist Investor Carl Icahn Buys More AIG Shares
Activist investor Carl Icahn has raised his stake in American International Group Inc by 5.2 percent, putting him in a better position to pressure the insurer to split into three independent ...
Executives On The Move at XL Catlin, Zurich, Marsh and QBE
XL Catlin added four new executives to beef up its global energy team. Marsh hired a new key executive. QBE North America promoted an executive in its specialty programs arena. Zurich named a new ...
Self-Driving Cars Could Create Traffic Congestion Surge
Self-driving cars are expected to usher in a new era of mobility, safety and convenience. The problem, say transportation researchers, is that people will use them too much. Experts foresee robot ...
EU Departure Places London’s Status as Finance Hub at Risk: BoE Official
London has no "God given" right to remain a global banking center if Britain were to leave the European Union, Bank of England Deputy Governor Andrew Bailey said on Monday. Some 250 foreign banks ...
China Hackers Test U.S. Economic, Diplomatic and Defense Capabilities
China's military conducted cyber probes and intrusions against U.S. computer networks to support intelligence collection and electronic warfare, according to a new Pentagon report. "China is using ...
RMS Upgrades Economic Loss Estimates for Japan Quakes
The earthquakes that struck Japan on April 14-15 will cost more in terms of economic losses than previously estimated, though insured losses are much lower, according to the latest RMS estimates. ...
Zurich Insurance Shares Soar After Q1 Profit Surpasses Expectations
Shares of Zurich Insurance Group AG headed for the biggest gain in more than four years after Switzerland's biggest insurer posted a first-quarter profit that beat analyst expectations. The stock ...