King coal no more as insurer Axa vows to divest from fossil fuel

The insurer Axa has promised to sever ties with the coal industry as part of a climate strategy to phase out the group’s...

Cyber attacks are a new front in assessing corporate risk

Bella premunt hostilia, the 13th-century Italian monk Thomas Aquinas wrote: “our foes press from every side”. The foes of liberal democracies are indeed...

Swiss Re plans natural disaster sales push

Swiss Re is planning a big increase in sales of natural catastrophe insurance despite a series of heavy claims in recent years. Along...

AIG fights attempt to make it pay $100m in bonuses

AIG is heading to the London courts on Monday to fight an attempt to make the insurance group pay more than $100m in...

AIA hires Ping An Insurance chief

Asian insurer AIA has pushed through a long-awaited leadership change and bolstered its plans to expand in mainland China by naming Ping An...

US jury payouts leave insurers running scared

The global insurance industry has a new enemy: US juries.Executives are increasingly fearful at the threat posed by juries handing out ever more...

Insurer Direct Line launches plan to shave expenses

FTSE 250 insurer Direct Line has launched a cost-cutting plan, promising to shave £50m off its expenses over the next two years. The...

Aviva: sniper site 

Some leaders have “the vision thing”, as George W Bush called it, others do not. Investors suspect Maurice Tulloch may belong to the...

Aviva to overhaul structure and sell off Hong Kong business

Aviva has announced plans to shake up its structure and sell off its Hong Kong business as chief executive Maurice Tulloch seeks to...

Data hacks and big fines drive cyber insurance growth

Data breaches can be expensive — just ask Marriott. The hotel group said last November that hackers had been accessing its database since...