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International News

New Zealand gov’t to establish consumer data right

“Any data shared through the consumer data right will only take place with a person’s informed consent and would be strictly used for the reasons agreed upon. For example, if a person was seeking financial advice, they could ask their bank to share data, such as transaction information, with their chosen adviser,” New Zealand, Commerce and Consumer Affairs Minister David Clark said.

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AXA XL appoints Marine Ress as Chief Underwriting Officer, Casualty for APAC & Europe

Etienne Champion, Chief Underwriting Officer, APAC & Europe, said: “The casualty insurance market has seen increased frequency and severity of losses in recent years and is undergoing transformation due to the emergence of new risks, notably those associated with new technologies. Our clients and brokers turn to us to help them navigate these developments.”

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Delta variant of Covid creates emerging market gap as outperformers hit

“Achievements in terms of vaccination will increasingly be a differentiation factor among emerging markets in the second half,” said Sebastien Barbe, head of emerging-market strategy at Credit Agricole. “The impact of the further spread of the virus variants will vary significantly depending on vaccination rates,” as well as economic and political factors, he added.

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Picking up speed, tropical Storm Elsa moves towards south-central Cuba

Elsa had arrived earlier in the day in eastern Cuba, whipping palms with strong winds and bringing a steady downpour along with parts of the southern coast. Miami-based NHC said data from an aircraft indicated maximum sustained winds were near 65 miles per hour (100 km per hour) with higher gusts. It had downgraded Elsa from a hurricane on Saturday.

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