While Africa is suffering from some of the most severe impacts of...
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S&P Global raises reinsurance sector view to stable from negative on higher prices
Analysts at S&P Global and Moody’s also told media briefings on...
Tokio Marine Kiln appoints Joe Pickford as Aviation Underwriter
This appointment follows the continued development and expansion of...
Cigna to sell unit to New York Life Insurance in $6.3 billion deal
Similar divestitures have been announced by other health insurers including Aetna Inc, which said in 2017 it would sell its U.S. group life and disability unit for $1.45 billion to Hartford Financial Services Group.
Climate change has a significant impact on the liabilities of non-life insurers and reinsurers:EIOPA
Regarding climate risk, insurers and pension funds can play a key role in the transition towards a low carbon economy as major institutional investors, but this transformation carries significant investment risks as well. It is therefore crucial that both insurers and pension funds actively incorporate climate change risks in their own risk management frameworks.
Financial Action Task Force cautions financial institutions on dealings with North Korea
The FATF remains concerned by theNorth Korea’s failure to address the significant deficiencies in its anti-money laundering and combating the financing of terrorism (AML/CFT) regime and the serious threats they pose to the integrity of the international financial system. The FATF urges the DPRK to immediately and meaningfully address its AML/CFT deficiencies.
Irish plane lessor seeks $185M from Boeing for 737 MAX-related losses
Timaero Ireland Ltd. cited design flaws in Boeing’s best-selling aircraft, which has been grounded for nine months, and said the private company has been affected by the planemaker’s breach of contract.
UK Financial Services sector remains resilient ahead of Brexit: Research
Britain’s financial sector wants the EU to grant at least some form of basic access to the bloc after the transition ends, though more than 300 banks, insurers and asset managers have opened hubs in the bloc in case this does not happen.
Boeing to halt production of the risky 737 Max from January
After the two crashes, prosecutors, regulators and two congressional committees are investigating whether Boeing overlooked safety risks and played down the need for pilot training in its effort to design, produce and certify the plane as quickly as possible.
Fiat Chrysler-PSA’s 46-bn merger deal creates world’s 4th largest carmaker
The deal will give Peugeot-maker PSA a long-sought presence in North America and should help Fiat gain ground in developing low-emission technology, where it’s lagged rivals. Yet the company will still be heavily reliant on Europe’s saturated auto market, and poorly positioned in China, the world’s largest country for car sales
Regulator weighs halting Japan Post Insurance sales – Nikkei
Japan Post is conducting an internal investigation after discovering thousands of cases of improper sales. Once the probe is concluded, Japan Post Insurance has said it will consider imposing punishments such as disqualifying insurance agents who violated the law or internal rules.
Catholic Church abuse allegations being raised in Japan
Pope Francis has emphasized the global nature of the abuse problem, summoning bishops conference leaders from around the world to the Vatican this past February and passing a new law requiring all cases be reported to church authorities.
Hong Kong financial firms fear potential Beijing interference in contracts
Hong Kong’s vaunted rule of law is widely seen as a major factor for global financial institutions that make the former British colony their regional home and using it as their main trade and other dispute resolution center.