Global Economy
Zurich Will Acquire AlphaChat, an Estonia-Based Conversational AI Company
Zurich Insurance Group agreed to acquire Estonia-based company AlphaChat, which provides conversational artificial intelligence (AI) technology for customer service automation, to further enhance the ...
Swiss Re Reorganizes Group Operations; Names Ladva as Group CTO
Swiss Re is appointing Pravina Ladva as group chief digital & technology officer and member of the group executive committee, effective Jan. 1, 2022. Group Chief Operating Officer Anette Bronder ...
Arctic Region Broke Heat Record in 2020
An Arctic temperature record of more than 100 Fahrenheit (38 Celsius) was reached in a Siberian town last year during a prolonged heatwave that caused widespread alarm about the intensity of global ...
Insurers Join Initiative to Slash Carbon Emissions From Global Shipping
Leading companies in the marine insurance industry have joined an initiative linking their underwriting activities with the cutting of carbon emissions from global shipping as pressure builds on the ...
Generali CEO Counters Investor Opposition With Bold Profit Goals for 2024
Generali said it would stick to bold earnings goals for 2024, hike dividends and launch its first buyback in 15 years as Philippe Donnet's bid to stay on as CEO of Italy's biggest insurer faces ...
Easing Supply Chains, Other Factors Could Rein in Inflation: Economists
Inflation is painfully high, but this hopefully is close to as bad as it gets. Consumer prices rose 6.8 percent for the 12 months ending in November, a 39-year high. Many economists expect inflation ...
MAPFRE to Make Nearly $984M Payout Over Controversial Columbia Dam
Spanish insurer Mapfre on Friday signed a contract to make a $983.8 million contingency payout to Colombia's Empresas Publicas de Medellin (EPM) over issues with the construction of the massive ...
Insurance Rates Soar to Cover M&A Boom, Deal or Not
The cost of insurance to cover problems involving M&A has nearly doubled in just two years, underwriters and brokers said, after an explosion of global dealmaking during the COVID-19 pandemic. ...