International
South Korea Nuclear Power Data Leak Spurs Investigation
Seoul prosecutors have launched an investigation into a leak of non-critical data at South Korea's nuclear power operator, the prosecutors' office said on Sunday, as worries mount about nuclear ...
Obama: Sony Pictures’ Hacking an ‘Act of Cyber Vandalism’
The hacking of Sony Pictures Entertainment's computer system was "an act of cyber vandalism" that requires the U.S. to "respond proportionately," President Barack Obama said. The U.S. has linked the ...
Challenges for Foreign Investors: Marsh’s 2015 Political Risk Map
Falling oil prices, rising geopolitical tensions and separatist movements topped the list of challenges facing direct foreign investors, according to Marsh's 2015 Political Risk Map and report. The ...
ACE Keeping Most Fireman’s Fund Personal Lines Staff When Allianz Deal Closes
ACE Group said it will keep most of the employees with Fireman's Fund's personal lines business once its $365 million acquisition of the division from Allianz goes through. "We value Fireman's Fund ...
U.S. Shale Drillers Confront Insurance Gaps With Oil Price Plunge
Tumbling oil prices have exposed a weakness in the insurance that some U.S. shale drillers bought to protect themselves against a crash. At least six companies, including Pioneer Natural Resources ...
China Establishes Debut Insurance Fund for $2.1 Trillion Trust Industry
China on Friday set up its first insurance fund for its $2.1 trillion trust industry in a move to reduce financial risk in shadow banking, the country's banking regulator said. The fund, jointly ...
Investors Aren’t Impressed by XL Group’s Proposed Catlin Acquisition
XL Group plc's acquisition discussions with Catlin for a rumored $3.97 billion-plus aren't exactly wowing investors. Media outlets reported that the insurer and reinsurer's stock dropped nearly 4 ...
Catlin CEO Wins Insurance Hall of Fame Award
Stephen Catlin, Chief Executive of Catlin Group Limited, will be the 2015 Insurance Hall of Fame Award recipient, the International Insurance Society ('IIS') has announced. The Insurance Hall of Fame ...