Canada’s Intact Financial Kicks Off Sale of RSA’s Personal Insurance Business September 19, 2023 By Jan-Henrik Förster Intact Financial Corp. has kicked off the sale of its personal insurance subsidiary in the UK, which could be valued...
Australia’s New Hope to Ramp Up Coal Output, Sees Modest Insurance Premium Hikes September 19, 2023 By Melanie Burton and Navya Mittal Australian miner New Hope Group’sCEO Rob Bishop said on Tuesday plans are progressing to double output over the next three...
SiriusPoint Announces MGA Partnership with Nordic Marine Insurance September 19, 2023 SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, and Stockholm-based Nordic Marine Insurance have announced a new strategic partnership. Founded...
TikTok Fined €345M Over Handling of Children’s Data in Europe September 19, 2023 TikTok has been fined 345 million euros ($370 million) for breaching privacy laws regarding the processing of children’s personal data...
Britain Must Not Damage Financial Services Sector Resilience: BoE’s Woods September 19, 2023 By Huw Jones Easing rules to boost the post-Brexit global competitiveness of Britain’s financial sector can only be done while maintaining a resilient...
EU Businesses Concerned About ‘Lack of Clarity’ in China’s Data Laws September 19, 2023 European Union businesses are concerned about China’s data laws, including their “lack of clarity” and the “long processes” that companies...
Hong Kong’s Floods to Hit Insurers’ Earnings, Could Pressure Reinsurance Renewals September 18, 2023 The recent devastating floods following Super Typhoon Saola in Hong Kong and other parts of China may add further pressure...
Chinese Police Detain Staff of Evergrande Unit as Property Crisis Enters New Phase September 18, 2023 By Bloomberg News Authorities detained some staff of the money management business of China Evergrande Group, a sign that the saga around the...
Zurich and KPMG Collaborate to Provide Climate Change Advisory Services September 18, 2023 Zurich Resilience Solutions, the commercial risk advisory and services unit of Zurich Insurance Group (Zurich), and the professional services firm...
Blockchain Analysts Suspect N. Korea-Linked Hackers Behind $70M Crypto Theft September 18, 2023 By Elizabeth Howcroft and Raphael Satter Blockchain researchers say North Korea-linked hackers are likely behind a $70 million theft from crypto exchange CoinEx. CoinEx, which says...