The settlements mark the latest enforcement actions in the SEC's...
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Bangladesh dengue deaths top 1,000 in worst outbreak
There is no vaccine or drug that specifically treats dengue, which...
AI-generated ripoffs of original books being sold on Amazon, authors cry
"Amazon is clearly facing significant challenges with the influx of...
French lottery operator FDJ secures counterparty risk insurance La Française des Jeux (FDJ), France’s historical lottery and main sports betting operator, has taken out a new comprehensive insurance policy with numerous top-tier French and international
According to the complaint, Infosys made false and misleading statements to the market and used improper recognition of revenue to boost short-term profits
North Korean hackers working with Eastern European cybercriminals: Report
Mountain View, California-based SentinelOne says that the Lazarus Group — which American prosecutors accuse of organizing the leak of emails from Sony Pictures and stealing millions of dollars from the Central Bank of Bangladesh — is getting access to some of its victims through a cybercrime gang dubbed TrickBot.
Achim Kassow inducted into Munich Re Board, to be in charge of Asia Pacific and Africa
Kassow will assume responsibility for Asia Pacific and Africa as well as for the central divisions Central Procurement and Services. He has been with Munich Re Group since 2016 and is currently Chairman of the Board of Management of ERGO Deutschland AG in Düsseldorf.
Weinstein,insurers,accusers have reached tentative $47 mn settlement
The money would be paid by Weinstein Co.’s insurance firms, according to the person, who asked not to be identified because the agreement isn’t yet public. The settlement would still require the approval of the courts and the parties involved. About a third of the money is expected to go to lawyers. Weinstein Co. is in bankruptcy proceedings
Trov and Sompo partner to expand global mobility solutions
Catering to the needs of new transportation businesses such as micro-mobility, car-sharing, ride-hailing, and autonomous vehicle fleets, the partnership will leverage Trov’s Vehicle Activity API to identify risks and create new experiences for the operators and customers of the mobility platforms, all based on data received from connected vehicles and devices.
Insurtech, Data help Canadian farmers cut lending, insurance costs
Canadian farmers — grappling with with lower crop income, adverse weather and a trade dispute with China — are using precision-agriculture technology aimed at reducing lending and insurance costs. Collecting intricate crop data allows individual...
Calpers says one-fifth of public holdings exposed to climate risk
About 6 per cent is in materials and buildings, and 3 per cent in agricultural industries, both of which could lose value as a warming globe creates sea level rise and increases the frequency and intensity of drought, wildfire, hurricanes and other extreme weather.
Key appointments made for governance and delivery of the Future at Lloyd’s
John Neal, Lloyd’s Chief Executive Officer, said:“Since the launch of Blueprint One, we have focused on designing a carefully structured and managed approach to planning and execution to allow regular delivery of value to the market. With robust governance and oversight now in place, and the funds for delivery secured, we have every confidence in the successful delivery of the Future at Lloyd’s.”
Victor Launches Lloyd’s Syndicate 2288
“We have extensive history with Lloyd’s as a coverholder and are delighted to broaden our strategic relationship with such a vital market. Lloyd’s digital-forward approach aligns well with Victor’s digital innovation and our international expansion plans,” said Anthony Stevens, president of Victor International.
China to allow 100% FDI in life insurance sector from Jan 2020
Currently, there are at least 28 foreign owned life insurers in China, with AIA being the only company to have a 100% shareholding.The first wholly owned foreign insurance operations were granted almost a year ago, when Axa bought out its domestic joint-venture partner and within the last few weeks Allianz won initial approval to set up a wholly owned holding company. AIA also owns its China business outright, but it was grandfathered in under a licence that pre-dated the restrictions