UK Regulators Seek to Reassure Insurers, Banks About Brexit Transition Period March 29, 2018 By Silla Brush U.K. financial regulators sought to reassure banks and insurers that they can rely on a transition period to ease their...
Former Chairman of China’s Anbang Pleads for Leniency in $10B Fraud Trial March 29, 2018 By John Ruwitch The former chairman of China’s Anbang Insurance Group Co Ltd requested leniency at the end of his high-profile trial in...
China’s Ping An Plans $3B IPO of Financial Management Portal OneConnect: Sources March 29, 2018 By Bloomberg News Ping An Insurance (Group) Co., China’s largest insurer by market value, is starting preparations for an initial public offering of...
SoftBank Edges Closer to Buying Swiss Re Stake, Valued at $9.6 Billion: Sources March 29, 2018 By Manuel Baigorri, Dinesh Nair and Jan-Henrik Förster Swiss Re AG jumped after people familiar with the matter said Japan’s SoftBank Group Corp. is edging closer to buying...
Hanover Insurance Weighs Selling London Specialty Unit Chaucer March 28, 2018 By Andrew G. Simpson The Hanover Insurance Group is weighing the sale of its international specialty insurance business, London-based Chaucer. The Worcester, Mass.-based company...
AIG Launches Travel Insurance on Demand App in Canada March 28, 2018 Travel Guard Group Canada, Inc., the Toronto-based subsidiary of AIG, has launched a travel insurance app allowing Canadian customers (except...
Arctic Winter Ice Covers 2nd Smallest Area on Record, Opening Region to Shipping March 28, 2018 By Alister Doyle and Timothy Gardner Winter sea ice on the Arctic Ocean covered the second smallest area on record this year, part of a thaw...
Final Loss Estimate for Australia’s Cyclone Debbie Is A$1.7B (US$1.3B): PERILS March 28, 2018 The final property insurance loss estimate for Australia’s Tropical Cyclone Debbie is A$1.7 billion (US$1.3 billion), according to PERILS, the...
Brexit Effect: Fewer UK Financial Services Jobs Expected to Shift to EU, Says Reuters March 28, 2018 By Andrew MacAskill, Carolyn Cohn and Simon Jessop The number of finance jobs to be shifted out of Britain or created overseas by March 2019 due to Brexit...
How Will London’s Position as Global Financial Center Be Affected by Brexit? March 28, 2018 By Andrew MacAskill Is London’s position as the largest international center of finance slipping as a result of Brexit? London has been a...