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HDI Global launches `Climate Risk Reporting’
The new service from HDI Risk Consulting GmbH, a wholly owned...
BNP Paribas buys 9% of Ageas from Fosun for EUR730 Mln
“We see the strategic rationale for a combination of banking and...
Aviva to sell Vietnamese business to Canada’s ManuLife
Aviva, under new boss Amanda Blanc, is looking to sell its businesses in continental Europe and Asia, to focus on Britain, Ireland and Canada, after years of share price underperformance in the life and general insurer irked investors.
Asia has emerged as a battleground for foreign insurers who are attracted by the region’s lower insurance penetration levels and faster growth rates for life insurance premiums than in their home markets.
Mastercard faces the prospect of a $18.6 billion UK class action
The ruling also paves the way for further consumer class-action lawsuits, which were made possible by a 2015 law change but have struggled to get traction. When considering the question of individual damages, the Supreme Court has now lowered the bar in similar group actions, said Louise Freeman, a competition lawyer at Covington & Burling.
Next four to six months could be worst of Covid-19 pandemic: Bill Gates
“Overall, when I did the forecasts in 2015, I talked about the deaths potentially being higher. So, this virus could be more fatal than it is. We didn’t get the worst-case. But the thing that has surprised me is that the economic impact in the US and around the world has been much greater than the forecasts that I made five years ago,” Microsoft co-founder Bill Gates said.
Gates said that his foundation had been funding a lot of the research for the vaccines.
Singapore first Asian country to OK Pfizer shot
“If all goes according to plan, we will have enough vaccines for everyone in Singapore by the third quarter of 2021,” Prime Minister Lee Hsien Loong said.
Loong, 68, said he would be among the early recipients in the city-state of 5.7 million people, which has one of the lowest fatality rates globally from the coronavirus.
AstraZeneca to buy Alexion for $39 billion to expand in immunology
“This acquisition allows us to enhance our presence in immunology,” AstraZeneca Chief Executive Pascal Soriot said in a statement.“Alexion has established itself as a leader in complement biology, bringing life-changing benefits to patients with rare diseases.
Declare states of ‘climate emergency,’ U.N. chief tells world leaders
“Can anybody still deny that we are facing a dramatic emergency?” U.N. Secretary General Antonio Guterressaid via video. “That is why today, I call on all leaders worldwide to declare a State of Climate Emergency in their countries until carbon neutrality is reached.”
Apple CEO calls for stricter corporate, government climate goals at U.N. summit
Cook did not call for specific goals during his remarks but disclosed that Apple is assisting 95 of its suppliers to transition to renewable energy, up from a figure of 70 disclosed in July. The iPhone maker earlier this year said it has become carbon-neutral for its corporate operations and set out plans to make its full supply chain and product lineup carbon-neutral by 2030.
Cold storage to companies: a stock trader’s guide to Covid vaccine rollout
With multiple vaccine types, the distribution chains involve hundreds of businesses—from airlines to makers of freezers, vials and disposable needles—and thousands of staff working to get shots from laboratory floors to the arms of populations around the world.
Insurers jostle to give dealmakers cover for when things go wrong
M&A protection can also remove a company’s need to set money aside for potential disputes and help them to avoid costly and lengthy litigation.
As a result, a spate of insurers has entered the market, with around 30 crowding in in Europe alone, broker Paragon said. Despite the rising level of claims, the entrants have pushed down premiums, but that could be temporary.
From romance scams to phantom PPE, banks battle coronavirus crimewave
In pandemic-related scams banks are hiring more staff to prevent and detect fraudulent transactions, forging closer ties with local and global law enforcement and launching public awareness campaigns, bankers and their advisors told Reuters
BAE Systems Applied Intelligence research suggests U.S. insurance fraud, where scammers seek to dupe insurers on costs incurred as a result of COVID-19 restrictions, has doubled in 2020, so far costing the industry $100 billion.
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