Edition:
United Kingdom

Suzanne Barlyn

AIG quarterly profit tumbles on catastrophe losses, private-equity losses

03 Aug 2020

Insurer American International Group Inc on Monday posted a 56% fall in quarterly adjusted earnings, spurred partly by higher catastrophe losses and lower private-equity returns.

AIG quarterly profit tumbles on catastrophe losses, private-equity losses

03 Aug 2020

Aug 3 Insurer American International Group Inc on Monday posted a 56% fall in quarterly adjusted earnings, spurred partly by higher catastrophe losses and lower private-equity returns.

GLOBAL MARKETS-Asian stocks falter as global growth fears temper tech boost

31 Jul 2020

July 31 Asian shares wobbled in a choppy session on Friday as abysmal economic data from the United States and rising global COVID-19 cases weighed on sentiment, despite strong U.S. tech earnings and signs of manufacturing recovery in China and Japan.

GLOBAL MARKETS-Asian stocks set to rise on Big Tech surge, dollar slides

31 Jul 2020

July 30 Asian equities were set to rise on Friday after shares of Apple, Amazon and Facebook surged in extended trading on Thursday, with Alphabet also climbing, while the U.S. dollar continued to slide.

GLOBAL MARKETS-Asian stocks set to rise on Fed policy, dollar hits two-year low

30 Jul 2020

NEW YORK, July 29 Asian stocks were set to track an upbeat Wall Street session on Thursday after the Federal Reserve kept interest rates at ultra-low levels, while the U.S. dollar fell to a two-year low.

GLOBAL MARKETS -Dollar teeters, gold takes a breather as markets await Fed

29 Jul 2020

SINGAPORE/NEW YORK, July 29 The U.S. dollar hovered just above a two-year low on Wednesday, while stocks struggled, as growing worries about the U.S. economy had investors cautious and looking to Congress and the Federal Reserve for a boost.

GLOBAL MARKETS -Asian stocks under pressure, gold rallies on U.S. stimulus impasse

29 Jul 2020

NEW YORK, July 28 Asian equities pulled backed on Wednesday as an impasse in U.S. economic stimulus negotiations pushed global stocks lower and sent investors into safe-haven assets like gold, which hovered near record highs.

GLOBAL MARKETS -Asian stocks set to rise on U.S. stimulus hopes, gold hits record

28 Jul 2020

NEW YORK, July 27 Asian equities were set for a modest rise on Tuesday as investors weighed progress in U.S. government stimulus efforts against rising tensions with China and the growing coronavirus pandemic, while gold hit a record high.

U.S. insurers explore officer coverage as police reform debate rages

24 Jul 2020

U.S. insurers and brokers are starting to craft professional liability coverage for police officers, spurred on by signs that policymakers in some cities and states want to use a financial stick to curb police misconduct.

Insurers favor warehouse investments over offices as pandemic hastens real estate shifts

16 Jul 2020

Global insurers want to increase investments in commercial warehouses as their stakes in office space become riskier because of employees working remotely during the novel coronavirus pandemic, Goldman Sachs Asset Management (GSAM) executives said.

World News