International
Insurer AXA Joins Coal Divestment Movement Over Climate Change Risk
France's largest insurer will scrap holdings in coal companies because of concerns about climate change, broadening support for the fossil-fuel divestment movement to a major mainstream investor. AXA ...
8 Trends Tied to How Millennials Differ from Prior Generations
As the largest generation in U.S. history, millennials have a lot of potential to change the investment landscape. A couple of weeks ago Goldman Sachs sent out a research note detailing which ...
U.K.’s FCA Finds Small Companies Treated Poorly by Insurers
The U.K.'s Financial Conduct Authority (FCA) criticized the insurance industry for "poor practices" and "significant" failures in handling claims for small and medium-sized companies. The regulator ...
PartnerRe to EXOR: Original M&A Deal With AXIS is Moving Ahead
PartnerRe has decided to seek shareholder approval of its original merger agreement with AXIS Capital, following EXOR's de facto rejection of an offer to meet and discuss its own, unsolicited bid. ...
BP Resolves Oil Spill-Related Claims With Hailiburton, Transocean
BP Plc has settled with oilfield services provider Halliburton Co and contract driller Transocean Ltd cross claims related to the 2010 Gulf of Mexico oil spill, the worst offshore disaster in U.S. ...
Swiss Re’s Emerging Risk Worries: Natural Catastrophes to the ‘Internet of Things’
Emerging risks with the highest potential impact in coming years may not be what you think. A new Swiss Re report identified four that top the list: Large natural catastrophes, de-globalization and ...
EXOR Sets One Condition Before Discussing Its $6.8B Bid With PartnerRe
Italian investment firm EXOR said it is willing to discuss its $6.8 billion bid for PartnerRe with the Bermuda-based reinsurer's board of directors, but there is a catch. EXOR said it will negotiate ...
U.N. Official Says Building Laws Need to Be Enforced in Nepal
Nepal must take lessons from earthquake-hit countries such as Mexico and strictly enforce existing building laws as it prepares to rebuild from two major quakes, a senior United Nations official said ...