News
Willis Debuts Sharia Compliant Commercial Real Estate Insurance in U.K.
Willis Group Holdings will start offering the first Shariah compliant commercial real state insurance in the U.K., with security provided by QBE Insurance (Europe) Ltd. and XL Group. Coverage is ...
Travelers Names Schnitzer Unit CEO as Cunningham Departs
Travelers Cos. promoted Alan Schnitzer to chief executive officer of the newly created business and international insurance segment. Travelers CEO Jay Fishman is consolidating duties among managers ...
Facebook’s Zuckerberg, Other Directors Sued Over Pay Plan
Mark Zuckerberg and other members of Facebook Inc.'s board have been sued by a shareholder who claimed a policy letting them annually award directors more than $150 million of stock each if they ...
Fitch Ups Lloyd’s Rating to ‘AA-‘
Fitch Ratings upgraded Lloyd's of London's insurer financial strength rating to "AA-" from the "A+," the rating agency announced Tuesday, with an expectation of better "cross-cycle underwriting ...
Allianz SE’s El-Erian: Fed Policies May Have Produced New Bubble
Investors might be surprised to learn that they have a lot riding on something that they pay very little attention to: macro-prudential regulation, or what central banks and other government agencies ...
U.S. Admits it Erroneously Understated Key Keystone XL Pipeline Stats
The U.S. State Department on Friday corrected several errors it made in a key study evaluating the impact of the proposed Keystone XL pipeline, including an understatement of how many people could be ...
Norway Oil Lobby Warned Deeper Regulation and Policy Debate is Coming
Producers in western Europe's biggest oil and gas exporter must brace themselves for a new legislative age that will disrupt the status quo, according to Norway's Green Party. After entering ...
Judge Rules Bonus Awards to WTC Cleanup Workers Came Too Soon
A judge acted prematurely in awarding a $55 million bonus payment to thousands of rescue and cleanup workers at the World Trade Center site who settled lawsuits against New YorkCity over damage to ...