BNP Paribas Completes Acquisition of AXA’s Asset Management Unit July 1, 2025 By Steven Arons BNP Paribas SA has finalized its purchase of AXA SA’s investment unit, creating one of Europe’s largest asset managers. The...
Dutch Insurer Scraps Old-Style Chat Bots Amid Uneven AI Rollout May 28, 2025 By Charlotte Hughes-Morgan and Steven Arons NN Group NV is replacing pre-programmed chat bots in client-facing roles with a version that can interact more naturally with...
AXA CEO Says Prevention Needed to Keep Home Insurance Affordable February 27, 2025 By Claudia Cohen and Steven Arons A leading insurance executive said the best way to keep price increases in check for property insurance in regions exposed...
Deutsche Bank, Commerzbank, ING Data Breached in MOVEit Hack July 12, 2023 By Steven Arons Deutsche Bank AG, Commerzbank AG and ING Groep NV are among dozens of companies worldwide whose client data were compromised...
ECB Cyber Stress Test Won’t Deliver Direct Capital Hit to Banks July 10, 2023 By Steven Arons and Nicholas Comfort The European Central Bank’s cybersecurity stress test next year won’t have a direct impact on capital requirements, limiting the exercise’s...
EU Regulators to Rethink Liquidity Risk After Credit Suisse Unravels March 24, 2023 By Nicholas Comfort and Steven Arons The rapidly unfolding crises of confidence at Credit Suisse Group AG and Silicon Valley Bank are prompting some regulators gathered...
EU Prepares for Climate Stress Test That Includes Insurers March 14, 2023 By Steven Arons The European Union is starting to prepare the region’s next stress test to measure the financial sector’s readiness for climate...
Fund Managers Frustrated Over Confusing ESG Regulations December 20, 2022 By Greg Ritchie, Steven Arons and Natasha White After a turbulent few weeks during which some of the world’s biggest asset managers removed coveted ESG tags from huge...
Ship Reinsurers to Cease Covering War-Related Risks Related to Conflict in Ukraine December 16, 2022 By Steven Arons, Áine Quinn and Alex Longley Some of the biggest names in ship reinsurance are days away from ceasing to cover key war-related risks for vessels...
Credit Suisse to Sell Most of Securitized Product Unit to Apollo, PIMCO October 28, 2022 By Steven Arons Credit Suisse Group AG has signed an exclusivity agreement with a group of investors led by Apollo Global Management Inc....