U.S.
PIMCO Claims Gross Was Warned About Losing $200M Bonus if He Quit
Bill Gross was warned he would lose his bonus if he quit Pacific Investment Management Co. before the end of the quarter, PIMCO said in a court filing, challenging the central claim in his lawsuit ...
Travelers CEO Schnitzer Urges Congress to Reduce Corporate Taxes
Alan Schnitzer, the new chief executive officer of insurer Travelers Cos., called on U.S. lawmakers to reduce corporate taxes or risk harming business in country. "We continue to see the U.S. ...
Executives On The Move at Starr Companies, Hamilton, QBE and Great American
Starr Companies brought on a former AIG executive to beef up its Political Risk group. Hamilton Underwriting Ltd. hired a new head of property D&F. QBE North America promoted an executive to lead ...
Lloyd’s Is Vulnerable to Harm if UK Leaves EU: Survey
Approximately 70 percent of London market insurers, brokers, and service providers contacted in a new survey believe Lloyd's of London faces harm or severe damage if the U.K. leaves the European ...
Uber Expands into More African Countries
Uber Technologies Inc. plans to start operating in three new African countries by the end of June, extending its reach 2 1/2 years after introducing its ride-hailing service in the continent. The ...
California Slaps Morgan Stanley with Suit Over Mortgage Losses
The state of California sued Morgan Stanley on Friday, accusing the bank of hiding the risks of complex mortgage debt and other securities it sold, causing big losses for the state's public pension ...
U.S. Hospitals Increasingly Vulnerable to Ransomware Attacks: Study
U.S. hospitals should brace for a surge in "ransomware" attacks by cyber criminals who infect and shut down computer networks, then demand payment in return for unlocking them, a non-profit ...
The Latest Launches From Chubb, Beazley, Markel and ISO
Chubb rolled out its new healthcare industry practice. Beazley unveiled breach response insurance in Canada. Markel International launched a policy that offers comprehensive protection for financial ...