Mark Carney threw himself back into the thick of the Brexit debate on Friday, saying the chance of the U.K. dropping out of the European Union without a deal is “uncomfortably high.” The intervention suggests the Bank of England governor …
The Atlantic hurricane season may have gotten off to an early start this year, but it’ll probably end with a whimper — at least when it comes to the total number of storms. Twelve named storms are likely to form …
Genetic-testing companies that have decoded the DNA of millions just introduced new guidelines to protect data privacy. But those best practices failed to address a major concern: what happens to customers’ data that is shared for research with pharmaceutical giants, …
Allianz SE said strong growth across its businesses lifted second-quarter profit as Europe’s largest insurer keeps the market waiting on any acquisitions it will undertake. The gains help keep Allianz on track to meet its full-year earnings targets, Europe’s biggest …
Ten years after faulty mortgages upended the global financial system, Wells Fargo & Co. agreed to pay $2.09 billion to settle a U.S. probe into its creation and sale of loans that contributed to the disaster. The long-anticipated penalty, announced …
Cigna Corp. said on Thursday it was confident of winning shareholder approval for its $52 billion Express Scripts buyout, a day after reports that investor Carl Icahn had picked up a stake in the insurer and was planning to vote …
American International Group Inc on Thursday reported a 17 percent fall in quarterly profit as its general insurance business failed to show improvement, missing analysts’ expectations. AIG shares fell more than 5.5 percent to $52.15 after hours. Chief Executive Brian …
Pricing pressure in the reinsurance industry weighed on Swiss Re’s first-half earnings, overshadowing a drop in natural-catastrophe claims. The company said it’s exploring an initial public offering for its U.K. closed-book business. Swiss Re’s net income fell to $1 billion …
QBE North America has expanded its operating agreement with Jorgensen & Co., a specialist professional liability managing general underwriter, to offer errors and omissions insurance on an admitted basis to small, independent registered investment advisory firms, or RIAs, and registered …
No one was hurt when several cars on a freight train derailed in South Carolina. York County Emergency Management Director Chuck Haynes told news outlets that a Norfolk Southern train had several cars derail around 7 a.m. Wednesday east of …
