Jim Hackett’s first job at Ford Motor Co. was to figure out ways to make money that didn’t involve selling cars. One of his first big decisions as the executive in charge of smart mobility, a catch-all term for app-driven …
Berkshire Hathaway Insurance Group announced that Berkshire Hathaway European Insurance DAC (BHEI) has been granted a license to operate as an insurer in the Republic of Ireland and the European Economic Area (EEA). Based in Dublin, BHEI will operate as …
The Trump administration said on Monday it would allow lawsuits by U.S. citizens against dozens of Cuban companies and other entities on Washington’s blacklist but will maintain, for now, a ban against suing foreign firms doing business on the communist-ruled …
U.S. insurers are pushing for the extension of a federal terrorism risk insurance program, hoping to fend off a possible gap that would leave their clients scrambling for alternate coverage. The program, which expires at the end of 2020, was …
Aon plc is partnering with software company Skytek to provide real-time monitoring of insurers’ marine risks, identifying accumulations for enhanced underwriting and reinsurance programs. In an era of mega-ports and ultra-large container ships, re/insurers are highly exposed to risk accumulation …
Vietnam’s prime minister has called for “drastic measures” to fight the spread of African swine fever in the Southeast Asian country, state media reported on Tuesday. The highly contagious disease, which is incurable in pigs but harmless to humans, has …
One person died and two people were injured when a crane collapsed at an Italian offshore oil platform run by Eni, the oil and gas major said on Tuesday. The crane was in operation when it toppled from the Barbara …
After searching far and wide for a new CEO for the past five months, Aviva Plc is sticking with a familiar face: on Monday, it named a 26-year company veteran as its new boss. More of the same may be …
After a five-month search for a new chief executive officer, UK’s Aviva plc has promoted a company veteran, Maurice Tulloch, to the position, effective immediately. Tulloch joined Aviva in 1992 and was most recently chief executive officer International Insurance (January …
China can “absolutely” reach an agreement with the United States on opening up its financial sector, China’s top banking regulator said on Tuesday, even as the country’s commerce minister admitted talks with Washington had been difficult. The two countries have …
