International
Swiss Re Buys Stake in Li’s FWD in $425 Million Asia Push
Swiss Re Ltd., the world's second- biggest reinsurer, will invest as much as $425 million in Richard Li's FWD Group as it pushes for growth in Asia. The company will buy 12.3 percent of FWD from ...
Icebergs, Insurance Hamper Top of the World Shipping Route
The new shipping route opened up through the Arctic by climate change will not be crowded any time soon. Cargoes of coal, diesel and gas have made the trip but high insurance costs, slow going and ...
‘Once in Decade’ Typhoon Threatens Tokyo
A once-in-a-decade typhoon threatened Japan on Tuesday forcing the cancellation of flights and trains and disrupting oil shipments as it made its way across the Pacific directly towards the capital, ...
Zurich Insurance Readying Report on CFO Wauthier’s Suicide
Zurich Insurance Group AG will present the outcome of an internal investigation over the suicide of Chief Financial Officer Pierre Wauthier at the end of this month, said a person familiar with the ...
China to Allow Foreign Investors in Finance Sector to Use Yuan
China's central bank will allow foreign businesses to invest in domestic financial firms using offshore yuan funding, it said on Thursday, as part of efforts to broaden the usage of the currency in ...
‘Look Ma, No Hands’ on Car Steering Wheel Still Some Way Off
When General Motors Co Vice Chairman Steve Girsky slid into a Cadillac SRX luxury crossover vehicle specially equipped to drive itself, his reaction echoed that of many consumers as more self-driving ...
Regulators Map Out First Capital Blueprint for Insurers; IAIS Writing Global Standards
The world's top insurers could be forced to raise fresh capital under rules proposed by regulators on Wednesday, echoing measures imposed on the banks to try to avert the risk of another financial ...First Global Capital Rules for Insurers Explained
Regulators have mapped out the first global plans to force top insurers to hold enough capital, mirroring a well-established framework for banks. The plans, backed by the G20 group of leading ...