The International Pathogen Surveillance Network(IPSN), with a...
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Toyota wants to make more than just EVs — and has plenty of company
In January, the majority-owner of India’s dominant car manufacturer...
EU fines Meta $1.3 billion over data transfers to US
The social network giant’s continued data transfers to the US...
U.S. Warns of New Cyber Attacks by Group with China Ties
The Department of Homeland issued a technical alert for cloudhopper, which it said was engaged in cyber espionage and theft of intellectual property, after experts with two prominent U.S. cybersecurity companies warned earlier this week that Chinese hacking activity has surged amid the escalating trade war between Washington and Beijing.
Chinese authorities have repeatedly denied claims by Western cyber security firms that it supports hacking.
Insured losses for Hurricane Michael may touch $10 Billion:AIR Worldwide
“Fueled by unseasonably high 84-degree sea surface temperatures in the Gulf of Mexico and unhindered by any prior landfall, Hurricane Michael rapidly intensified shortly before making landfall at close to Category 5 intensity,” said Dr. Peter Sousounis, vice president and director of meteorology, AIR Worldwide.
India attracted $22 bn of FDI flows in first half of 2018, says UN report
China was the largest recipient of FDI, attracting an estimated $70 billion in inflows in the first half of the year, followed by the UK with $65.5 billion, the US with $46.5 billion, The Netherlands at $44.8 billion, Australia with $36.1 billion, Singapore got $34.7 billion and Brazil received $25.5 billion.
Donald Trump okays $60 billion answer to China’s OBOR
The president’s shift has less to do with a sudden embrace of foreign aid than a desire to block Beijing’s plan for economic, technological and political dominance. China has spent nearly five years bankrolling a plan to gain greater global influence by financing big projects across Asia, Eastern Europe and Africa
UK Insurer Aviva to Replace CEO Wilson as Shareholders Seek Higher Returns
However, since Wilson joined its stock is up 25 percent against a 61 percent return for the insurance sector within the FTSE-100, and has fallen 17 percent since the Friend’s Life deal, while the sector has slipped only 7 percent, Aviva said
Going to UK to study? Pay double health surcharge of 300 pounds from Dec
London: The UK government is all set to double the immigration health surcharge (IHS) from December, which will increase the overall visa fees for the citizens, students, professionals and family members from the non-European Union countries, including...
Hackers stole details of 29 million users in Facebook breach
On Friday, the company revealed that stolen data on 14 million users included birth dates, employers, education and lists of friends. For 15 million users, it was restricted to just name and contact details.
Stolen Apple IDs Used by Hackers to Steal Cash, Warn Chinese Digital Payments Firms
Digital payments services have become a tempting target for cyber-thieves as their popularity surges around the world. Ant Financial, which is controlled by billionaire Alibaba co-founder Jack Ma, is estimated to handle more than half of China’s $17 trillion in annual online payments. Formally known as Zhejiang Ant Small & Micro Financial Services Group, it leveraged Alipay’s popularity to expand into everything from asset management to insurance, credit scoring and lending. It serves more than 800 million customers. Tencent’s rival payments offering is a key component of the social media service WeChat, which has a billion-plus users.
Insurance M&A deal value expected to increase by 150% in 2018
Tim Zawacki, Senior Insurance Analyst at S&P Global Market Intelligence said, “We are in a period where insurance carriers are reevaluating what is core to their franchise and pushing for greater efficiency in both expenses and capital utilization, which in turn is driving deal volume close to record highs. With a continued push for consolidation even after one of the most active years for P&C and life insurance M&A, a variety of factors will continue to drive transaction deal value beyond 2018.”
AGCS restructures its ART line of business
Large companies are increasingly seeking to assume more control over their risk management beyond traditional insurance products in property or liability. With our two new lines of business, we can respond to these needs by designing multi-line, multi-year, parametric or capital-market solutions to protect our clients from earnings and cash flow risks. Our new structure and leadership team will help AGCS to further evolve and grow this important segment of our business”, says Hartmut Mai, AGCS Board Member and Chief Underwriting Officer Corporate.