News
Prudential May Seek Cover From Wells Fargo for Account Scandal Costs
Prudential Financial Inc, the target of probes and lawsuits related to whether Wells Fargo & Co retail bankers improperly sold its insurance, may press the bank to cover costs it has run up ...
UK Brexit Bill Could Hit $63B, Austrian Leader Estimates
Britain should be charged about 60 billion euros ($63 billion) when it leaves the European Union, Austrian Chancellor Christian Kern said, becoming the first EU leader to put a value on the size of ...
XL Group CFO Porrino to Retire on May 1; Robb Will Replace
XL Group Ltd. Chief Financial Officer Peter Porrino is retiring from his executive role this spring, though the Bermuda-based insurer and reinsurer has chosen from within the company to replace him. ...
Chubb Will Consolidate, Integrate IT Infrastructure on IBM Cloud
Chubb has sealed a new deal with IBM that represents a major investment in cloud computing in order to modernize its information technology operations. The Chubb/IBM announcement involves is a ...
PartnerRe Q4 Results Swing to Loss; P/C Combined Ratio Stays Below 90
PartnerRe Ltd. said it lost $191 million in the 2016 fourth quarter due, in part, to some one time costs such stemming from being acquired by Italian Investment firm EXOR and some business unit ...
Willis Towers Watson Aims to Buy French Aviation Brokerage
Willis Towers Watson has entered into exclusive negotiations with OAAGC, the French aviation brokerage, to acquire its team and book of business. Paris-based OAAGC (Office d'Assurances Aériennes G. ...
Cyber Attacks Spur $350M Reduction in Verizon’s Yahoo Acquisition Offer
Verizon Communications Inc said on Tuesday it would buy Yahoo Inc's core business for $4.48 billion, lowering its original offer by $350 million in the wake of two massive cyber attacks at the ...
UPS Tests Delivery With Octocopter Drone
United Parcel Service Inc. sees a day when your latest purchase may be dropped off not by a brown-clad delivery driver, but by an octocopter drone. The world's largest courier took a step closer to ...