International
Travel Business Dip, Catastrophes Leave Arch Capital With Insurance Underwriting Loss
Arch Capital Group reported a huge jump in fourth quarter net income, thanks in part to rate hikes and new business. But the Bermuda-based carrier's insurance business experienced an underwriting ...
Facebook Confronted With New UK Class Action Over Data Harvesting Scandal
Facebook is facing a second London High Court class action over allegations it failed to protect the personal details of about one million people in England and Wales, in the latest lawsuit to spring ...
No Post-Brexit Big Capital Reduction Requirements for UK Insurers: Bank of England
The Bank of England told insurers on Wednesday not to expect any big reduction in capital requirements after Brexit, adding that more capital could be "part of the answer" to meeting a 1.7 billion ...
Startups Focused on Data Observability, Digital Wallet Tech and Risk Management Obtain Financing
Tech startup Monte Carlo raised $25 million in new Series B financing to help build its Data Observability platform. New York-based InsurTech Marble raised $2.5 million in early-stage funding that ...
Willis Towers Watson CEO Pledges Merger With Aon on Track for H1 2021
The merger of Aon with Willis Towers Watson is on course to close in the first half of 2021, said John Haley, Willis Towers Watson's chief executive. "In March of last year when we first announced ...
Brazil Group Sues Norwegian Aluminum Producer Over Alleged Toxic Waste Pollution
Some 40,000 Brazilians are bringing a group-action lawsuit against Norwegian aluminum producer Norsk Hydro for what they say is toxic waste pollution the company is causing in northern Brazil. The ...
Willis Towers Watson Will Pay Four Execs $2.1M to Stay Until Aon Merger
Willis Towers Watson has approved retention agreements worth $2.1 million for four executives as an incentive for their continued employment until the closing of the broker's merger with Aon, ...
New UK Rules Could Make Company Directors Personally Liable for Financial Statements
Company directors would become personally liable for the accuracy of their financial statements under landmark proposals from Britain's finance ministry next week to improve corporate behavior, ...