International
Drought’s Economic Damage Went Global in August: Aon Benfield
Severe drought in the western U.S. caused economic losses in August of at least $3 billion, mostly from agricultural damage in California, Aon Benfield's Impact Forecasting said in a new report. ...
Report: Zurich Pulling Together $8.4B Financing For RSA Bid
Zurich Insurance Group AG has arranged 5.5 billion pounds ($8.4 billion) in financing for the takeover of smaller rival RSA Insurance Group Plc, according to people with knowledge of the plan, ...
Insurance Losses From Tianjin Explosion Could Hit $3.3B: Guy Carpenter
The two massive explosions which hit China's Port of Tianjin last month could generate insurance losses of up $3.3 billion, according to a report published by Guy Carpenter. The report estimates ...
AIG Aims for Couture Crowd With Designer Clothing Coverage
American International Group is aiming for more high net worth policyholder business with new coverage for couture and other designer clothing – items than can be worth thousands of dollars. AIG is ...
U.S. Judge Signs Off on $415M Settlement in Tech Worker Salary Suit
A U.S. judge on Wednesday granted final approval to a $415 million settlement that ends a high profile lawsuit in which workers accused Apple, Google and two other Silicon Valley companies of ...
Lloyd’s Tallies $4.6 Trillion in At-Risk GDP in 301 Cities
In the first-ever Lloyd's City Risk Index, analyzes the economic output at risk (GDP at risk) in 301 major cities from 18 manmade and natural threats over a ten-year period. It concludes that "$4.6 ...
Executives On The Move at ACE and Argo
ACE Group made six London-based appointments to its ACE Global Markets (AGM) and ACE Overseas General (AOG) energy teams, focusing on promoting from within. Matthew Hardy is now product head AGM ...
Division Between Rich & Poor Nations Highlighted as Climate Talks Resume
Just days before global negotiators were set to meet for talks on climate change, Tropical Storm Erika killed at least 20 people on Dominica. The small Caribbean island evoked the tragedy to ...