Britain’s huge financial sector will never again have the same access to the European Union as it did when the country was a member of the bloc, the EU’s financial services chief said. Brexit makes it “even more urgent” for …
The outlook of the global reinsurance sector is “stable,” which is mainly a reflection of hardening pricing conditions and tighter terms and conditions, according to AM Best and Fitch Ratings in two reports. AM Best said the market has seen …
Canada should accelerate measures, including financing mechanisms, to help governments, companies and individuals prepare for the rising costs of weather-related disasters, according to a research institute. The cost of floods, wildfires and other catastrophic events has increased sharply over the …
Guy Carpenter & Co., the reinsurance specialist and a business of Marsh & McLennan Cos., announced the appointment of Pietro Toffanello as head of Japan in Q1 2021. In this role, Toffanello will be responsible for managing Guy Carpenter’s business …
Hub International Ltd., the Chicago-based insurance broker, announced it has acquired the assets of Prince Albert Insurance Ltd. Terms of the transaction were not disclosed. Located in Prince Albert, Saskatchewan, Prince Albert Insurance Ltd. is a full-service, independent insurance brokerage …
France will give financial aid to farmers who agree to halt use of glyphosate, the farm ministry said on Monday after President Macron said he had failed with efforts to ban use of the weedkiller by 2021. Glyphosate, first developed …
Chinese Foreign Minister Wang Yi assured U.S. executives during a videoconference on Sunday that Beijing remained committed to the Phase 1 trade deal with the United States, the head of the US-China Business Council said. “He definitely re-committed. On the …
Norway’s biggest bank has been warned that it may be fined 400 million kroner ($45 million) for failing to comply with anti-money laundering rules. The Financial Supervisory Authority in Oslo criticized DNB ASA’s inadequate compliance with the Norwegian Anti-Money Laundering …
Companies hoping the EU and the new U.S. administration will soon strike a new transatlantic data transfer pact to replace one struck down by a court will probably have to wait months for any result, the head of the EU …
TOKYO – The cost of the postponement for the Tokyo Olympics could reach about $2.8 billion, according to figures released Friday [Dec. 4] by the Tokyo organizing committee, the Tokyo city government and Japan’s national government. The numbers are in …
