U.S.
Germany Orders Volkswagen to Recall 2.4M Rigged Diesel Cars
The German government forced Volkswagen AG to recall about 2.4 million diesel cars after throwing out the carmaker's proposal for voluntary repairs, setting off a chain reaction by authorities across ...
National Grid Fending Off ‘Huge Amounts’ of Cyber Security Threats
National Grid Plc is fending off "huge amounts" of cyber-security threats, though only a handful have penetrated the company's computer systems, Chief Executive Officer Steve Holliday said. The U.K. ...
W.R. Berkley Unveils South Africa-Focused Treaty Unit
W.R. Berkley Corp. is turning to South Africa as the target of its latest business unit, which will be focused on working with both regional insurers and brokers. Chairman and CEO William R. Berkley ...
Apple Faces Hefty Damages After Losing Patent Lawsuit to UWM
Apple Inc could be facing up to $862 million in damages after a U.S. jury on Tuesday found the iPhone maker used technology owned by the University of Wisconsin-Madison's licensing arm without ...
Hamilton USA CEO Ward Resigns; Deutsch to Serve as Interim Head
Hamilton USA CEO Conan Ward has resigned less then two years after taking on the job to develop Bermuda-based parent company Hamilton Insurance Group's U.S. operations. Hamilton Insurance Group ...
Ex-U.S. Sen. Ben Nelson Won’t Renew Contract as NAIC CEO
Former U.S. Senator Ben Nelson will not renew his contract as chief executive officer of the National Association of Insurance Commissioners (NAIC), the group announced. Nelson's current term ends on ...
Insurance, Big Pension and Sovereign Funds Scaling Back Emerging Market Investments
Big pension, insurance and sovereign funds may be scaling back investments in emerging markets amid disappointing returns and a darkening outlook for the sector. These deep-pocketed funds -- global ...
China Insurers Pursue Western Carriers as Mentors
Chinese insurers are pursuing strategic tie-ups and outright M&A to tap Western expertise, keen for knowledge on products, pricing and technology as a nascent market for health and property ...