Articles by Brenna Hughes Neghaiwi and John O'Donnell

Zurich Insurance Deploys Robots for Personal Injury Claims Handling

Zurich Insurance is deploying artificial intelligence in deciding personal injury claims after trials cut the processing time from an hour to just seconds, its chairman said. “We recently introduced AI claims handling … and saved 40,000 work hours, while speeding …

Rival EU Cities Compete to Attract UK Firms Seeking Post-Brexit HQs

Ireland has complained to the European Commission that it is being undercut by rival centers competing to host financial firms looking for a European Union base outside London after Brexit. Last week, U.S. insurer AIG became the biggest group so …

Brexit Vote Prompts Inquiries from Insurers Weighing Opening Offices in Dublin

Ireland says the Brexit vote has led to a jump in inquiries from London firms considering opening offices in Dublin, one of a handful of European cities trying to draw business away from Britain’s financial center. Irish officials say they …

Post-Brexit-Vote Property Panic Could Hit Bank, Insurer Investments

The run on British property funds has drawn attention to the vulnerability of the commercial real estate sector, largely funded by domestic banks and building societies but increasingly by foreign banks and insurers. UK banks and building societies had around …

Executive Suicides Shock Swiss Business Community

An unusual number of suicides by top executives in Switzerland has prompted introspection in its business community over how senior managers are dealing with stress as its companies struggle to retain their status in the global economy. The death last …

Europe’s Insurers Turn to Risky Property Investments, in Hunt for Better Returns

Traditionally conservative European insurers and pension funds are turning increasingly to risky property bets on everything from new homes in provincial Britain to car parks at Brussels airport, as they feel the pinch from rock-bottom interest rates. While much is …

Report: Former EU Banker Urges Reactivate Securitization to Enhance Credit

Jacques de Larosiere says he is an isolated and modest man. Yet the 84-year-old former head of the International Monetary Fund is one of the most influential voices in European and global finance. An eminence grise as respected among France’s …

EU’s Justice Chief Reding Warns UK Exit Would Isolate City of London

London’s financial services center would lose access to the wider European Union should Britain quit the bloc, the EU’s justice chief said on Monday, warning that such a move would reduce its status to that of an offshore center. Viviane …

Corruption Costs European Economy $162 Billion a Year

EU-U.S. Trade Talks Halted by Shutdown, Complicated by Financial Services Rift

Even before the cancellation of the latest round of EU-U.S. talks, negotiations to create the world’s largest free-trade deal were getting into difficulty territory. France won a concession to leave European movies and entertainment out of the pact, to shield …