IMF Urges China to Accelerate Opening of Economy to Outside World May 30, 2018 China has made progress on reforms but should allow market forces to play a more decisive role and accelerate its...
Allianz Group to Acquire 8% of Africa Re May 30, 2018 Allianz Group has agreed to acquire eight percent in African reinsurer Africa Re. The total cash consideration payable at closing...
Aon Names Hennessy to Head New Carrier Solutions Group May 30, 2018 Insurance broker Aon has appointed Karl Hennessy as chief executive officer of the firm’s newly created Carrier Solutions group. The...
Unsafe Conditions in Mexico Scaring Off Businesses May 30, 2018 By Maria Verza Canada’s Pan American Silver Corp. said it is cutting back operations at its mine in northern Mexico due to safety...
European Insurers Bypassing U.S. Treasuries May 29, 2018 By John Ainger U.S. Treasuries need to get a lot cheaper to attract some European investors. Even with yields at multi-year highs, Treasuries...
Insurance Broker Ed Wins License to Transact Business in Jersey May 29, 2018 Insurance and reinsurance broker Ed has been granted a license to carry out general insurance mediation business by the Jersey...
Reuters: China’s Ant Financial Raises $10 Billion at $150 Billion Valuation May 29, 2018 By Kane Wu Ant Financial Services Group, operator of China’s biggest online payment platform by market share, Alipay, has closed its latest funding...
2 Banks Report First Cyber Attack Against Canadian Financial Institutions May 29, 2018 By Matt Scuffham Bank of Montreal and Canadian Imperial Bank of Commerce said on Monday that cyber attackers may have stolen the data...
France’s Bordeaux, Cognac Wine Regions Damaged by Violent Hail Storms May 28, 2018 Violent hailstorms ravaged parts of the Bordeaux and Cognac wine regions of southwest France on Saturday, doing major damage to...
Talks End without Softbank Stake in Swiss Re; Swiss Re Still Open to Other Investors May 28, 2018 By Patrick Winters and Ross Larsen Swiss Re AG said it would continue to welcome an anchor investor after Masayoshi Son’s SoftBank Group Corp. ended its...