International News

Worst Cyclone in 6 Years Set to Pummel Coast of Queensland, Australia

The worst cyclone in six years is set to smash into the coast of Queensland on Tuesday morning, forcing thousands of Australians to evacuate or seek emergency shelter and prompting some of the world’s biggest miners to halt coal operations. …

Opinion: Why Is Zurich Seeking Shareholder Permission to Raise Money?

Zurich Insurance Group AG wants more freedom from its shareholders to raise money quickly. That’s odd. Switzerland’s largest insurer has no capital hole that needs filling. The move suggests newish CEO Mario Greco may be concerned about missing out on …

London Keeps Mantle as #1 Finance Center Despite Brexit Uncertainties: Survey

London has retained the mantle as the world’s top financial center, though uncertainty about the implications of Britain’s vote to leave the European Union saw its lead over Asian rivals narrow, according to a study. New York held on to …

Caribbean Cat Facility CCRIF Donates $100,000 to Belize to Aid Rainfall Tracking

Belize SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) is providing US$100,000 to the government of Belize to purchase 40-50 automatic weather stations that will provide the Meteorological Service of Belize with access to real-time rainfall data. The weather stations will …

Broker THB and CNA Hardy Partner to Provide Global Industrial Cyber Solution

London-based broker THB, CNA Hardy and cyber security specialist Waterfall Security Solutions have entered into a partnership to provide a cyber security protection package for industrial businesses globally. The package, distributed exclusively through THB, includes CNA Hardy’s cyber technology and cyber …

As China Liberalizes Financial Sector, It Seeks ‘Better Treatment’ Abroad

People’s Bank of China Governor Zhou Xiaochuan said the country is preparing to further open its financial sector, and that doing so will involve negotiations over how other nations treat Chinese investors. Areas of potential liberalization include banking, insurance, investment …

China’s Ping An to Invest $100M a Year in Japan in Diversification Bid

Ping An Insurance (Group) Co. plans to invest $100 million a year in Japanese companies as it seeks to diversify its investments outside of China. China’s second-largest insurer will put money with private equity funds that invest in sectors including …

Robots Could Steal 32% of Jobs in UK Financial Services by 2030: PwC

Approximately 32 percent of existing UK jobs in financial services and insurance could be automated by robotics and artificial intelligence (AI) over the next 15 years, according to a new study by PricewaterhouseCoopers. And other industries are even more at …

XL Catlin and Startupbootcamp InsurTech Form Partnership

Startupbootcamp InsurTech, the business accelerator that promotes insurance technology startups and corporate innovation, has formed a partnership with XL Catlin. The announcement comes as Startupbootcamp InsurTech’s second accelerator program enters its final weeks in London, with 10 teams drawn from …

UK Finance Firms ‘Not Crying Wolf’ in Concerns About Loss of EU Passports

One afternoon in mid-January, Prime Minister Theresa May walked into a meeting room in the Swiss resort of Davos to face Wall Street’s most powerful bankers. May had delivered her vision two days earlier for pulling Britain out of the …

International News Archives by Month