The package includes direct aid for households, self-employed...
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Swiss Re to sell iptiQ’s European P&C business to Allianz Direct
The acquisition will expand Allianz Direct's footprint further into...
Lloyd’s appoints Nathan Adams as its Chief People Officer
Nathan Adams, Chief People Officer, Lloyd's John Neal, chief...
New Zealand to move into New Covid Protection System on Dec 3
The simplified framework has three levels: green, orange, and red. Vaccine certificates will provide greater freedom at each level. Wellington: New Zealand will move into the new Covid-19 traffic light system on December 3, which provides the ability for businesses...
Aon appoints Jillian Slyfield as Chief Innovation Officer
"In a world that is more volatile, interdependent and faster moving than ever before, the risks our clients face are becoming more frequent and severe and the need for better decisions has never been greater," said Aon CEO Greg Case . CHICAGO: Aon plc, a leading...
US Policyholders pull back from digital claims in post-pandemic insurance world
"We're seeing some customers are heading back towards saying 'I was willing to do that during lockdown, but I want to go back to a place where I can see people and speak to them directly'," said Zurich's Group Chief Claims Officer Ian Thompson Across financial...
US Cap on drug price hikes for privately insured sparks battle
Polls show that Americans across the political spectrum overwhelmingly favor government action to reduce drug prices. The chief cost complaints are: high out-of-pocket costs for patients, high and rising list prices, and high launch prices for new medicines. The Biden...
Willis Appoints Former Lloyd’s CEO Beale and 3 others as new directors
The announcement comes months after a pushback from U.S. regulators forced Willis and Aon to call off their $30 billion merger that would have created the world’s largest insurance broker, topping current leader Marsh & McLennan Companies Inc . London: Willis...
Australia Sues life insurer for causing financial harm to customers
The Australian Securities and Investments Commission (ASIC) has accused MLC, a part of Nippon Life Insurance, Japan’s biggest insurer, of service failures resulting from poor systems and controls over a period from 1999 to 2020, which caused financial harm to over...
Allianz Becomes China’s First Wholly Foreign-Owned Life Insurer
Many foreign financial institutions are looking to expand their onshore presence in China, taking advantage of a relaxation of ownership restrictions for foreign players in the asset management, insurance and securities broking sectors. Allianz said on Wednesday that...
South Africa officials Sued Over Plans to Construct New Coal-Fired Power Plants
South Africa relies on coal for more than 80% of its power and is the world’s 12th-biggest source of greenhouse gases. South Africa’s energy regulator and energy minister have been sued by environmental activists over national plans to allow the construction of new...
Covid, soaring inflation threaten second winter of woe for world economy
With parts of Europe confronting renewed restrictions to contain another wave of the virus, China’s rebound fading and rising infections taking hold in America too, much of the global economy is now staring at the threat of a second northern winter of woe, compounded...
Europe’s Covid-19 crisis pits vaccinated against unvaccinated
With infections spiking again despite nearly two years of restrictions, the health crisis increasingly is pitting citizen against citizen - the vaccinated against the unvaccinated Brussles: This was supposed to be the Christmas in Europe where family and friends could...