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EU Widens Probe of Suicide Risks Linked to Weight-Loss Drugs
The European Medicines Agency said Monday that it was looking at...
Chinese hackers breached unclassified govt email by foiling Microsoft security: US officials:
The hack was disclosed late Tuesday by Microsoft in a blog post. It...
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.
Cost of climate-linked disasters soars: United Nations
The economic cost of climate-related disasters hit USD 2.25 billion over the last two decades, an increase of more than 250 percent compared to the previous 20 years, the UN said on Wednesday. The United Nations Office for Disaster Risk Reduction (UNISDR) noted...
India in bottom 15 of Oxfam index on efforts to reduce inequality
The index ranks 157 countries on their policies on social spending, tax, and labour rights.As per the report, countries such as South Korea, Namibia and Uruguay are taking strong steps to reduce inequality. However, countries like India and Nigeria did very badly.
Alphabet shuts Google Plus service after 500,000 users’ data breach
A memo, prepared by Google’s legal and policy staff and shared with senior executives, warned that disclosing the incident would likely trigger “immediate regulatory interest” and invite comparisons to Facebook’s leak of user information to data firm Cambridge Analytica, the WSJ report said