Medical Costs of COVID Patients 50% Higher Than Before Hospitalization: German Study November 16, 2020 Medical costs of German COVID-19 patients who have left hospitals are on average 50% higher than before they were admitted,...
AXA Disputes Ruling that It Must Pay Millions of Euros in Back Taxes: News Report November 16, 2020 By Alexandre Rajbhandari AXA SA was ordered to pay tens of millions of euros in back taxes last year after French fiscal authorities...
Brookfield Asset Management to Launch Reinsurer; Distribute Shares to Investors November 13, 2020 By Scott Deveau Brookfield Asset Management Inc. is launching a reinsurance business and plans to distribute shares in the new entity to its...
Goldman Eyes More Business From Europe’s Insurers With Barclays Hire November 13, 2020 By Pamela Barbaglia Goldman Sachs has poached Barclays’ insurance banker Marguerite Bion to win more business from Europe’s biggest insurers as industry consolidation...
Italy’s UnipolSai Stays on Profit Track Despite Coronavirus Resurgence November 13, 2020 UnipolSai, Italy’s second-largest insurer, confirmed its full-year targets on Friday after a 37.7% rise in nine-month earnings, despite an uncertain...
Chinese Grain Plant in Argentina Resumes Operations Following Fatal Accident November 13, 2020 A grains crushing plant of Chinese farm giant COFCO International partially resumed operations on Thursday, after halting them on Tuesday...
Irish Brewer Guinness Recalls Non-Alcoholic Stouts As Safety Precaution November 13, 2020 Irish brewer Guinness said Wednesday that it is recalling cans of its recently launched non-alcoholic stout in Britain over contamination...
Japan Electric Company Gets Local Approval to Restart Nuclear Reactor November 12, 2020 By Aaron Sheldrick and Yuka Obayashi Japan’s Tohoku Electric Power said on Wednesday it had received the green light from a local governor to restart one...
3 Killed in Accident at Chinese Grain Plant in Argentina November 12, 2020 Activity at an Argentine grains crushing plant of Chinese commodities giant COFCO International was halted on Tuesday after an accident...
Zurich Insurance Reports Sales Growth, Higher Rates, Modest COVID-19 Claims November 12, 2020 Zurich Insurance Group saw increased commercial lines insurance sales and a modest impact from COVID-19 related claims for the first...