(Reuters) – Axa XL, a division of French insurer Axa SA, is reducing cover offered to aviation companies as it seeks to protect the multibillion-euro business after heavy Ukraine-linked losses, two underwriting and broking sources explained to Reuters. One of the top rated 10 players in global aviation insurance, Axa XL is pulling back from underwriting threat on so-called war cover, the sources reported, reducing possibilities for airline […]

U.S. stocks plummeted Tuesday, accelerating this month’s sell-off on Wall Street as investors weighed a flurry of corporate reports against a backdrop of inflationary pressures and concerns over an economic slowdown. The S&P 500 fell 2.8% to cap the session, while the Dow Jones Industrial Average shed 800 points, resuming […]