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EU plans tough ‘value for money’ rules for investment products – draft document
The draft law calls on EU securities watchdog ESMA and its...
SEC issues largest ever whistleblower award of $279 million
“As this award shows, there is a significant incentive for...
Lloyd’s launches Digital Distribution Platform`Lloyd’s Bridge’
Lloyd’s Bridge is an online platform that matches insurance businesses with underwriters from the Lloyd’s market, enabling these businesses to underwrite certain policies on behalf of Lloyd’s as Lloyd’s coverholders.*
Post merger AXA and XL Group’s combined operations branded as ‘AXA XL’
This branding of AXA XL follows the announcement on June 6 that XL Group’s shareholders approved the agreement for AXA to acquire 100 percent of XL Group. Until the acquisition closes in the second half, XL Group and AXA remain two separate companies.
Facebook in Australia Faces Potential Class Action Suit over Data Privacy Breaches
In Australia, more than 311,000 users data may have been used without authorization, Facebook said in April, when Australia’s Information Commissioner, the country’s privacy regulator, began to investigate.
Historic rainfall, floods in Japan kill more than 100; Some factories halt operations
Over 12,000 buildings in prefectures including Hiroshima, Okayama and Ehime are without power, according to the Ministry of Economy, Trade and Industry.Mazda will continue to halt operations at two of its factories through July 10, company spokeswoman Yukari Hara said.
Trade Credit Insurance could get boost from Trade War
As countries ratchet up the rhetoric and retaliation, insurers are weighing how companies will deal with the pressure. For some providers of trade credit insurance, the saber-rattling is the jingle of product placement
‘Incredibly shrinking airline seat’ Not a Safety Concern:U.S. US aviation regulator
Aircraft manufacturers such as Boeing Co. and Airbus SE are required to demonstrate a fully loaded plane can evacuate within 90 seconds with half the exits blocked before that model can be approved to carry passengers by FAA. The agency has no rules on seat width or the distance between rows, relying instead on the evacuation standards.
Munich Re sticks with coal underwriting despite investor pressure
Policymakers are pushing companies to do more to help meet a target, agreed in Paris in 2015, to limit global warming to below 2 degrees Celsius. Investors are increasingly using their financial muscle to reward those at the forefront of that transition.
Global insurance prms rise to$5 trillion, up 1.5% in 2017, China-led emerging markets drive growth:Swiss Re’s Sigma
“Given the impressive number of infrastructure initiatives underway in China, China’s contribution to world insurance premiums could yet again exceed expectations. In the following decades, other markets such as India, Indonesia, Brazil, Mexico, Pakistan, Nigeria or Kenya could become more important”
Etiqa Insurance fast-tracks motor insurance claims with 30-minute claims approval
“The motor insurance industry is a very competitive market, and we would like to offer our customers great value beyond a competitive price. By speeding up the approval process, we reduce stress and provide better peace of mind to motor vehicle owners,” said Sue Chi Kong, Chief Executive Officer of Etiqa Insurance Singapore.
Rising sea levels may cost $14 trillion worldwide annually by 2100: Experts
“More than 600 million people live in low-elevation coastal areas, less than 10 metres above sea level. In a warming climate, global sea level will rise due to melting of land-based glaciers and ice sheets, and from the thermal expansion of ocean waters,” said Svetlana Jevrejeva, from the UK National Oceanographic Centre