Vietnam is prone to destructive storms and flooding due to its long coastline. Vamco will be the 13th storm that affects the Southeast Asian country this year, where more than 160 people have been killed in natural disasters triggered by a series of storms since early October.

“There has been no respite for more than eight million people living in central Vietnam,” said Nguyen Thi Xuan Thu, Vietnam Red Cross Society President. “Each time they start rebuilding their lives and livelihoods, they are pummelled by yet another storm.”

Goldman hires Barclays banker to ride insurance deal boom

Nov 14, 2020

Goldman Sachs is currently advising British insurer RSA on a 7.2 billion pound takeover approach from a consortium of Canadian insurer Intact Financial and Danish insurer Tryg.

China regulator says financial innovation must not create oligopolies

Nov 14, 2020

Xiao Yuanqi, chief risk officer at the China Banking and Insurance Regulatory Commission (CBRIC) told the Caixin Summit in Beijing that innovation should not undermine healthy competition or let innovation pioneers become hindrances to further innovation.

Microsoft urges action on health care cyber attacks

Nov 14, 2020

“In recent months, we’ve detected cyberattacks from three nation-state actors targeting seven prominent companies directly involved in researching vaccines and treatments for Covid-19,” said Microsoft’s vice-president for security issues Tom Burt.

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