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MS&AD Insurance Group announces merger of two of its non-life insurance subsidiaries
The group aims to establish a system to offer the best products and...
Powerful earthquake rocks Myanmar and Thailand and kills more than 150 people
Rescuers work at the site of a collapsed building after the tremors...
Crypto collapse intensifies,Over $200 billion wiped off in a day
Cryptocurrencies have been swept up in a sell-off in risk assets, which has picked up steam this week as data showed U.S. inflation running hot, deepening investor fears about the economic impact of aggressive central bank tightening. The sell-off has taken the...
Aviva CEO Amanda Blanc says sexism in finance has got worse
Amanda Blanc,,Chief Executive Officer,Aviva Plc The insurance sector has been dogged by allegations of sexism in recent years A 2019 Bloomberg investigation uncovered evidence of endemic sexual harassment at the world’s oldest insurance market [Lloyd’s], including...
AXA S.A. receives regulatory approval to operate as a licensed reinsurer
The transformation of AXA S.A into the group’s internal reinsurer aims to enhance capital fungibility across AXA Group** , in line with AXA’s capital management policy Paris: AXA announced that AXA S.A., the holding company of AXA Group, has obtained its reinsurance...
Allianz sets another $2 billion over US fund debacle
The collapse of a $15 billion set of investment funds during the pandemic market turmoil in early 2020 has cast a long shadow over Germany’s most valuable financial firm and one of the world’s largest asset managers The collapse of the funds has been under...
Zurich to sell a portfolio of German life insurance policies to Cinven’s Viridium Group
French insurer AXA SA is also exploring a sale of German life insurance assets, people with knowledge of the matter said. The portfolio has attracted interest from suitors including Apollo Global Management Inc.’s Athora arm, according to the people Zurich Insurance...
Howden acquires Singapore based AEGIS Insurance Agencies Pte
Goh Chye Huat, CEO, Howden Asia, said: “The acquisition of AEGIS reflects our broader strategy of empowering local teams to partner with culturally aligned companies with a shared entrepreneurial culture, and is a further step in our strategy to enhance our...
AXA, Unilever to join new 1 bln euro regenerative agriculture fund
The companies each aim to invest 100 million euros into the fund They said they signed a memorandum of understanding to establish a new private equity "impact" fund dedicated to enhancing biodiversity and mitigating climate change by scaling up regenerative farming,...
Aircraft lessors gird to battle insurers over Russia jet default
The largest claim has been made by AerCap , the world's biggest aircraft lessor, which has submitted a $3.5 billion insurance claim for more than 100 jets Few can say how the looming battle between lessors and insurers will play out. S&P Global has forecast a...
Prudential makes insurance more accessible by broadening the concept of family
Lilian Ng, Chief Executive, Insurance, Prudential Prudential's customers in some Asian markets can now nominate a wider range of family members who are financially dependent on them as a beneficiary in a life insurance policy. Additionally, coverage can also be...
China’s ‘witless’ Zero-COVID rules to impact global inflation
As manufacturer to the world, the disruptions in China are weighing on the global economy and add another risk to the inflation picture Maersk, the world's second-largest shipping company, has suggested that the lockdown will severely impact truck services and...