Financial Services

Reinsurers are reacting to five years of outsize catastrophe losses and growing worries that climate change is intensifying risks. 

Executives of the Wall Street firm expressed interest in buying a fintech that could help it win more credit-card programs.

Sean Ma, founder of Snow Lake Capital, says he expects the Chinese chain to overtake Starbucks in China.

The company reported a net loss of $2.69 billion as the value of its overall portfolio fell alongside the broader market.

Ping An Insurance says it would support splitting up the banking giant to boost its flagging share price.

The Hang Seng Index closed more than 5% higher after stocks in a variety of sectors saw heavy buying.

The company, Arthur J. Gallagher, said prosecutors are seeking information related to its insurance business in Ecuador.

The Nasdaq-listed company is looking to raise cash with around $600 million in debt coming due in February

The popular plan’s price has risen sharply in recent years—prompting some experts to suggest enrollees consider switching.

Corrections & Amplifications for the edition of Nov. 4, 2022.

The ride-hailing company is cutting 13% of staff, the latest technology company to say it needed to reduce costs ahead of choppy economic conditions.

The regulator is pressuring auditors to catch accounting manipulation amid a market selloff and fears of a recession.

The health insurer expects as much as an 8.7% increase in the number of its Medicare Advantage members next fiscal year.

Data from the latest WSJ Pro Research cybersecurity survey reveals cyber insurance insights including coverage levels, challenges related to buying policies, and claim rates.

Corrections & Amplifications for the edition of Nov. 2, 2022.

Republicans have called for changes to the programs, which they say would ensure their future and curb federal spending.

Rising interest rates and volatile stock markets battered insurer Prudential in the third quarter, while AIG was stung by claims from Hurricane Ian in Florida.

The bank’s board was unwilling to provide timing of a change or an assurance that he would get the job, according to people familiar with the matter.

The $3.1 billion sale of Wood Mackenzie will allow Verisk to focus exclusively on insurance.

The head of the tax and legal services provider talks about what’s left of the Arthur Andersen brand 20 years after the accounting firm’s demise.