U.S.
Boeing Crash, Storms, Floods Dent Swiss Re’s Q1 Profit
Reinsurer Swiss Re AG's reported an unexpected 6 percent fall in quarterly net profit on Friday as claims from large losses offset higher net premiums and a solid return on investments. Net profit ...
Argo Group, Challenged by Shareholder Voce Capital, Sees Q1 Jump in Net Income
Argo Group is reporting a healthy increase in net income for its 2019 first quarter even as activist shareholder Voce Capital Management continues to allege excessive spending practices by the ...
Markel Subsidiary State National Will Front Tesla’s New Insurance Venture
Elon Musk's Tesla plans to launch its own insurance product for Tesla drivers, which will be fronted by Markel Corp.'s subsidiary, State National. Markel's Co-Chief Executive Officer Richard R. Whitt ...
Tesla Plans $2B Offering After Elon Musk Overstates Company’s Cash Generation Abilities
Tesla Inc. plans to raise about $2 billion through debt and stock offerings, after Elon Musk overestimated the ability of the Model 3 sedan to generate enough cash for the company to be ...
PG&E Pursues U.S. Court Sign-Off for $105M Fund to Aid Wildfire Victims
PG&E Corp on Wednesday sought court approval for a $105 million fund to help house victims of the wildfires blamed on the bankrupt California power provider. PG&E in a filing in U.S. ...
Climate Change Pushes U.S. Fund Managers to Adjust Agriculture Investments
After historic floods devastated Midwestern agricultural states this spring, some fund managers are evaluating how climate change will affect the long-term value of companies that make or sell ...
Cryptocurrency Thefts and Fraud Reportedly Reach $1.2B in Q1
Losses from the theft of cryptocurrencies from exchanges and fraud-related activities surged in the first quarter of the year to $1.2 billion, or 70 percent of the level for all of 2018, ...
China Regulator Details Plan to Further Open Insurance, Banking Sectors
China will further open up its banking and insurance sectors, the country's top banking and insurance regulator said in comments published on Wednesday. Guo Shuqing, chairman of the China Banking and ...