The pilot of a helicopter who was killed in a crash-landing on a high-rise building in Manhattan had reported a problem and said he wanted to return to the heliport he had taken off from minutes earlier. The copter instead …
It was the last day of the World Economic Forum in Davos and Wayne Caines, Bermuda’s minister of national security, was about to head home after an exhausting week. But before leaving, he told a group of blockchain enthusiasts, “If …
The worst hurricane season in modern U.S. history is starting to look like a blip on the charts of insurance stocks, with investors banking on a quick restoration of capital as firms rediscover pricing power. It’s a fantasy, some analysts …
Long after leaving American International Group Inc., members of the Greenberg family are expanding financial ties through companies they now oversee. Evan Greenberg’s Chubb Ltd., previously known as Ace Ltd., has paid more than $650 million in commissions over the …
State Farm Mutual Automobile Insurance Co., the largest U.S. property/casualty insurer, said 2015 profit rose 48 percent on investment gains tied to pharmaceutical holdings. Net income increased to $6.2 billion from $4.2 billion in 2014, the Bloomington, Illinois-based company said …
Zurich Insurance Group AG is fixing how it detects risks after miscommunication among units aggravated losses from a port explosion in China last year, Chairman and acting Chief Executive Officer Tom de Swaan said. “There was accumulation of risk there, …
Breaking up is hard, especially when long- time partners have to decide who gets financial assets, property or even a pet. The split could be trickier, still, when one of the world’s most beloved dogs is involved. MetLife Inc. Chief …
Evan Greenberg, the chief executive officer of Chubb Ltd., said Brazilians can blame their country’s leaders, and not just a commodities slump, for the nation’s woes. “The economic environment, the political environment, is very tough,” Greenberg said Wednesday in a …
Travelers Cos., the only property-casualty insurer in the Dow Jones Industrial Average, said fourth-quarter profit fell 17 percent as investment income declined on low bond yields and valuations for energy-related holdings. Net income dropped to $866 million, or $2.83 a …
Willis Towers Watson Plc, the company created this week by the merger of insurance broker Willis Group Holdings Plc and consulting firm Towers Watson & Co., said Chief Financial Officer John Greene is stepping down. Greene, who was CFO of …
