Energy Insurers Become Latest Casualty of Oil Slump as Projects Are Postponed February 11, 2016 By Carolyn Cohn and Jonathan Saul The insurance industry is becoming the latest casualty of the oil price slump, with postponements and cancellations of energy projects...
Update: Zurich Reports 4Q Loss of $424M, vs. Profit of $860M in Q4 2014 February 11, 2016 By Jan-Henrik Förster Zurich Insurance Group AG reported a worse-than-expected loss in the fourth quarter as the company makes plans to turn around...
January Weather Cost Global Economy $4 Billion-Plus: Impact Forecasting February 10, 2016 January winter weather cost more than $4.0 billion of economic impact in the United States and Asia, according to Impact...
Top Generali Investors Making Their Influence Felt in Hunt for New CEO February 10, 2016 By Gianluca Semeraro, Pamela Barbaglia and Stephen Jewkes French corporate raider Vincent Bollore is making his influence felt in corporate Italy by defying the country’s old guard in...
London-Based Brit Opens Singapore Office, Operating via Lloyd’s Platform February 10, 2016 Brit Ltd., the London-based specialty insurer, has opened an office in Singapore, which will begin operations on March 1 via...
Self-Driving Vehicles Meet Their Match When Snow Creates Sensor Blindness February 10, 2016 In Jokkmokk, a tiny hamlet just north of the Arctic Circle in Sweden, where temperatures can dip to 50 below,...
North Korean Shipping Company Evades UN Sanctions, Obtains Marine Insurance February 10, 2016 By Louis Charbonneau and Michelle Nichols A U.N.-blacklisted North Korean shipping company continues to evade sanctions through its use of foreign-flagged ships, name changes and other...
Generali Names Galateri as Interim CEO After Greco Departs for Zurich Insurance February 9, 2016 By Sonia Sirletti Assicurazioni Generali SpA appointed its Chairman Gabriele Galateri, as acting chief executive officer after CEO Mario Greco decided to quit...
Integro Insurance Announces O’Shea Joins UK Film & Television Team February 9, 2016 Global insurance brokerage and risk management firm Integro Insurance Brokers Holdings Ltd. announced that entertainment specialist broker Kevin O’Shea has...
Russian Hackers Moved Ruble-Dollar Rate at Regional Bank: Cyber-Security Firm February 9, 2016 By Jake Rudnitsky and Ilya Khrennikov Hackers used malware to penetrate the defenses of a Russian regional bank and move the ruble-dollar rate more than 15...