International
Liberty Mutual Punts $3.3B in Liabilities to Berkshire Hathaway Arm
Liberty Mutual Insurance is ceding $3.3 billion in asbestos, environmental and workers compensation liabilities to Berkshire Hathaway subsidiary National Indemnity Company in one of the larger ...
BRICS to Form $50B Bank in Challenge to World Bank, IMF
Leaders of the five BRICS nations agreed on the structure of a $50 billion development bank by granting China its headquarters and India its first rotating presidency. Brazil, Russia and South Africa ...
Botnet Viruses Heighten Computer Hijacking Risk
The threat posed by criminal hackers who use networks of secretly hijacked computers has increased "dramatically" over the past several years, a top U.S. Justice Department prosecutor testified ...
Typhoon Advances to China After Killing 6 in Philippines
At least six people were killed as the strongest storm to make landfall in the Philippines this year lashed Manila, shutting schools, offices and financial markets and knocking out power across most ...
European Banks Seen Selling $795B of Property Assets
European banks and asset managers plan to sell or restructure 584 billion euros ($795 billion) of riskier real estate as they try to clean up their balance sheets, Cushman & Wakefield Inc. said. ...
Qian to Head Ironshore International’s New Hong Kong Office
Ironshore International announced the opening of an office in Hong Kong to build upon the company's presence in the Asia-Pacific region. The addition of the office demonstrates Ironshore's commitment ...
With Volumes Soaring, Zurich Doubles Its Green Bond Commitment
Zurich Insurance Group AG said it is boosting its investment in green bonds to up to $2 billion, with plans to spread the initiative through three different European currencies. Switzerland's largest ...
70% of Critical Infrastructure Providers Have Been Breached: Survey
According to new research from Unisys Corporation, nearly 70 percent of companies responsible for critical infrastructure have reported at least one security breach in the past 12 months. The survey ...