China Eyes Allowing Foreign Insurers to Own Local Joint Ventures: Sources November 19, 2018 By Sumeet Chatterjee and Shu Zhang China will accept applications early next year from foreign insurers seeking to take control of their local joint ventures and...
UK Prime Minister Defiantly Battles to Save Brexit Divorce Deal – and Her Job November 16, 2018 By Costas Pitas and Alistair Smout British Prime Minister Theresa May won the backing of the most prominent Brexiteer in her government on Friday as she...
Deutsche Bank, BofA, JPM Drawn into Danske Money Laundering Probe: Sources November 16, 2018 By Christian Berthelsen, Tom Schoenberg and Jonathan Browning Deutsche Bank AG and Bank of America Corp. have been contacted by U.S. criminal investigators for information about transactions they...
Tokio Marine’s Sale of Reinsurance Units to Boost Operational Efficiency: Fitch November 16, 2018 Tokio Marine Holdings Inc.’s (TMHD) sale of two European reinsurance subsidiaries is likely to streamline its holdings and boost operational...
Indian Tech Billionaire’s Exit Pulls Corporate India Deeper into #MeToo Firestorm November 16, 2018 By Bruce Einhorn and Bhuma Shrivastava The surprise resignation of an Indian tech billionaire has pulled corporate India deeper into the #MeToo firestorm that’s been sweeping...
Hard Brexit Could Cost UK 6% of GDP, IMF Warns November 16, 2018 By David Milliken Leaving the European Union without a transitional trade deal would cost Britain about 6 percent of GDP — roughly four...
Hamilton Re Taps Hiscox’s Roache as Head of Risk XS November 16, 2018 Hamilton Re Ltd., the Bermuda platform for Hamilton Insurance Group, announced that David Roache has joined the company in the...
Hardline Brexiteers Bet UK Can Defy Trade-Gravity Theory with No-Deal Brexit November 16, 2018 By David Goodman The U.K.’s hardline Brexit backers are making their move. If they get their way on new trade arrangements, they’ll face...
Cathay Pacific’s Data Breach Scrutinized by 27 Regulators in 15 Jurisdictions November 15, 2018 Cathay Pacific Airways said on Wednesday it is working with 27 regulators in 15 jurisdictions to investigate a data breach...
JBA Risk Management Launches India Crop Model for Re/Insurers as El Niño Looms November 15, 2018 JBA Risk Management (JBA), the UK-based modeling firm, has launched an India crop catastrophe model for the re/insurance market. More...