With Insurance and Gold, Amazon’s Pushing to Make India Its Fintech Center September 2, 2020 By Sankalp Phartiyal and Nupur Anand NEW DELHI/MUMBAI — Amazon.com Inc. has added insurance and even gold to its menu of financial services in India, to...
QBE CEO Regan Exits After Investigation Into Female Employee’s Complaint September 1, 2020 By L.S. Howard QBE Insurance Group’s Chief Executive Officer Pat Regan is departing the insurer after an external investigation found his workplace communications...
Brazilian Reinsurer IRB Still Faces Liquidty Gap, Says CEO September 1, 2020 By Aluísio Alves Brazil’s largest reinsurer, IRB Brasil Resseguros SA, has concluded a 2.3 billion reais ($420 million) capital increase to address liquidity...
North Korean Hackers Targeting Banks Around the Globe September 1, 2020 By Christopher Bing North Korean hackers are tapping into banks around the globe to make fraudulent money transfers and cause ATMs to spit...
China Reinsurance Group’s Premiums Rise 20% in First Half September 1, 2020 By Andrew G. Simpson In the first half of 2020, China Re Group Corp. enjoyed rapid growth in premiums and steady profitability despite the...
United Arab Emirates Ends Boycott, Opening Commerce With Israel August 31, 2020 By Jon Gambrell DUBAI, United Arab Emirates —The ruler of the United Arab Emirates issued a decree Saturday formally ending the country’s boycott...
Pandemic Shows Why Climate Change Is Major Economic Risk, Says Europe’s Schnabel August 31, 2020 By Balazs Koranyi and Frank Siebelt The coronavirus pandemic demonstrates in the clearest terms why central banks must take a bigger role in fighting climate change...
Total Return Reinsurers Underperform Traditional Bermuda Reinsurers: AM Best August 31, 2020 Although total return reinsurers, which like to take more risk on the investment side of their balance sheets than other...
Insured Loss for UK’s February Floods Estimated at £375 Million August 31, 2020 The updated estimate of the insured property market loss for floods that hit February 9 to 29, 2020, across the...
Britain Eyes Fast-Tracking Coronavirus Vaccines That Pass Safety, Quality Tests August 31, 2020 By Kate Holton Britain’s medical regulator will be able to grant temporary authorisation for any coronavirus vaccine that meets safety and quality standards...