China Evergrande Group is one of the biggest of a series of Chinese...
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Red Sea, China risks to US economy seem contained, White House says
Americans have faith in their personal finances while consumer...
Bayer ordered to pay $2.25 billion in latest Roundup trial
Bayer was ordered on Friday to pay $2.25 billion to a Pennsylvania...
Much at stake as Supreme Court weighs future of ‘Obamacare’
What’s at stake has real-world consequences for just about every American, as well as the health care industry, a major source of jobs and tax revenues. Whether the Affordable Care Act stays, goes, or is significantly changed, will affect the way life is lived in the US
The argument against the law from the Trump administration and conservative states is that the 10-year-old statute was rendered unconstitutional in its entirety when Congress dialled down to zero a penalty on those remaining uninsured.
President-elect Joe Biden would build on the ACA by improving it and adding a new public health insurance option. But party liberals want a government-run system for all Americans, including the 160 million covered through employer plans.
Digital distribution capabilities ‘Critical’ to securing SME Business, says Markel
LONDON: Richie Whitt, Co-Chief Executive Officer, Markel Corporation said that investing in digital capabilities would be “critical” to re/insurers, particularly when trying to secure small to medium-sized enterprise business. “I am not...
French Court rules against Covéa and CEO Derez in unsolicited takeover bid for SCOR
COVEA and Thierry DEREZ have appealed against the ruling of the Paris Commercial Court, rendered.
According to a press release by COVEA, this ruling contains serious and multiple errors of appreciation, both in fact and in law.In addition, it disregards an essential truth: it is for the corporate interest of both SCOR and its shareholders that COVEA expressed the wish to submit a proposal for a combination between the two companies. Such project would have notably guaranteed the financial soundness of SCOR and would have promoted its development.
Crypto crime slows in 2020, but ‘DeFi’ hacks rise: CipherTrace report
Crypto crime hit $4.5 billion globally in 2019.
So far this year, losses from thefts and hacks, excluding misappropriation and fraud, grew to $468 million as of end-October, up 30% from $361 million for the whole of last year, the CipherTrace report said. About 20% of those hacks, or roughly $98 million, came from “decentralized finance” or DeFi, which are transactions on platforms that facilitate lending outside of banks.
Brazil suspends Sinovac COVID-19 vaccine trial due to severe adverse event
The setback to Sinovac’s efforts contrasts with good news from Pfizer Inc PFE.N which said its experimental COVID-19 vaccine is more than 90% effective based on initial trial results.
Insurtech Coherent secures $14mn investment from Cathay Innovation and Franklin Templeton
The new funding from Cathay Innovation and Franklin Templeton provides Coherent with the ability to invest and rapidly expand its operations and capability..Coherent will add technology and actuarial talent to its growing workforce at its current offices in Hong Kong, Singapore, Shanghai and Manila plus hire new teams in Japan, USA and Thailand. The increased reach will also extend its customer portfolio which currently covers large insurers in Hong Kong, Singapore, Indonesia, Mainland China, Japan, the Philippines, Thailand, Brazil and Myanmar.
Oneglobal Broking sets up Singapore operation
Oneglobal’s strategy is to build out its operations in Asia, of which the establishment of a Singapore company is a key element and follows its announcement of the opening of Hong Kong in August this year, with further offices and senior broker hires to follow.
Why Pfizer’s ultra-cold COVID-19 vaccine will not be at the local pharmacy any time soon
The main issue is that the vaccine, which is based on a novel technology that uses synthetic mRNA to activate the immune system against the virus, needs to be kept at minus 70 degrees Celsius (-94 F) or below.
“The cold chain is going to be one of the most challenging aspects of delivery of this vaccination,” said Amesh Adalja, senior scholar at Johns Hopkins Center for Health Security.
Europe charges Amazon with using its dominance and data to squeeze rivals
The regulator looked into how the company collects data on competitors that sell on its platform, offering everything from electronics and toys to food and kitchenware. It says that Amazon uses that sensitive information, which shows what is proving popular or not, to better target its own products.
Aon’s new quality of Intellectual Property Solution helps companies realize full value of their IP portfolio
“Our Quality of Intellectual Property solution and resulting report helps companies articulate and realize the full value of their IP portfolio for M&A or financing transactions,” said Lewis Lee, CEO of IP Solutions at Aon.
“With QoIP, a deal team can catalogue IP with greater precision, describe its connection to the enterprise’s revenue streams and strategy, and benchmark it against competing IP portfolios. We believe this will help sellers better position their company to the marketplace,.” he said.