International
VW Sued by New Jersey Over Excess Diesel Emissions
New Jersey on Friday filed a lawsuit against Volkswagen AG and its luxury units over the German automaker's excess diesel emissions, becoming the fourth U.S. state to take legal action. New Jersey's ...
Visa, MasterCard Caught in China’s Expanded Curb on Insurance Purchases
The Chinese crackdown on the flow of funds into insurance products in Hong Kong has been extended to global credit-card firms Visa Inc. and MasterCard Inc. Domestic banks that issue the two ...
Munich Re Stock Soars After Dividend Surpasses Forecast
Munich Re, the world's second-largest reinsurer, rose the most since November 2011 after announcing a dividend that beat expectations. The company reported fourth- quarter profit that was unchanged ...
Insurance Information Institute President Robert Hartwig Will Depart in August
Robert Hartwig – longtime leader of the Insurance Information Institute – is stepping down this August. Hartwig has been I.I.I. president since 2007 and was also the organization's chief ...
VW Names New Top U.S. Lawyer as It Pursues Emissions Fix Approval
Volkswagen AG has replaced the head of its U.S. legal department with an outside lawyer as it works to win approval to fix nearly 600,000 vehicles with excess emissions, a person briefed on the ...
Beazley CEO Cautions Robust 2015 Profit Levels Are Not Sustainable
Beazley Plc Chief Executive Officer Andrew Horton said the company's return on equity of 19 percent in 2015 isn't sustainable against a backdrop of increased competition and falling insurance rates. ...
XL Catlin Ends 2015 on Firmer, Post-Merger Solid Ground
The creation of XL Catlin in mid-2015 through a $4 billion deal put in place significant new scale and market reach for the combined insurer and reinsurer. With that in mind, parent XL Group's Q4 and ...
International Insurer Reluctance Delays Oil Tanker Entry Into Iran
Oil companies looking to steal a jump on rivals in the race to benefit from Iran's emergence from Western sanctions risk having tankers left in limbo by international insurers' continued reluctance ...