Swiss Re AG, the worlds biggest reinsurer, reported lower first-quarter profit as the company bulked up its reserves and pricing in the industry remained under pressure.
This is the first of six cases in which plaintiffs' lawyers are attempting to prove the automobile giant was late to recall cars with defective switches and engaged in a massive cover-up to avoid liability.
American International Group Inc., posted a third-quarter loss as investment results deteriorated. The company plans to cut as many as 400 senior-level jobs.
Volkswagen's worldwide repair of 11 million diesel vehicles to bring their emissions systems into compliance with pollution regulations is shaping up to be one of the most complex and costly fixes in automotive history.
In business as well as in investigations it pays to follow the money, especially when you want to sell insurance coverage to high net worth individuals (HNWIs).