Bank of England to Require Company Disclosures on Climate Risks October 19, 2020 By Huw Jones Current rules on company disclosures to help markets price in risks from climate change will become mandatory, a senior Bank...
UK Data Protection Watchdog Slaps Biggest-Ever Fine on British Airways October 19, 2020 By Muvija M Britain’s data protection watchdog said on Friday it has fined British Airways 20 million pounds – its biggest such penalty...
UK Should Adjust Rules for Financial Services to Stay Competitive After Brexit: Study October 19, 2020 By Huw Jones Britain should tweak financial rules after full Brexit to keep London’s financial hub competitive and deepen ties with growth markets...
AXA Completes €1B Sale in Central, Eastern Europe Business to UNIQA October 16, 2020 AXA said that it has completed the sale of its life and savings, property and casualty, and pension businesses in...
New Unicorn Wealthsimple Plans Insurance, Mortgage Products Buildout Before IPO October 16, 2020 By Kevin Orland Fresh off achieving a $1 billion valuation, Wealthsimple Inc.’s top executive says the firm has more work to do before...
France Plans €20 Billion in State-Backed Loans to Avoid Small Firm Failures October 16, 2020 By Leigh Thomas France plans to raise 20 billion euros ($23 billion) in quasi-equity loans for small firms hit by the coronavirus crisis...
MGA DUAL Plans to Use Its Own Underwriting Capital Alongside Capacity Providers October 16, 2020 DUAL, the London-based managing general agency, announced it will deploy its own group underwriting capital alongside its existing capacity providers....
INSTANDA Launches Cyber Insurance Product in Africa October 16, 2020 INSTANDA, the customer and policy management platform for the insurance industry, has launched its first African insurance market product on...
Lack of Clarity on Liability Could Cause Delay with WHO Coronavirus Vaccine Drive October 16, 2020 By Francesco Guarascio BRUSSELS – Who foots the bill if people in poor countries fall sick with unexpected side-effects from coronavirus vaccines? It’s...
G7 Leaders Vow to Combat Surging Ransomware Attacks Against Financial Services October 15, 2020 By Andrea Shalal and Jan Strupczewski Financial leaders of the world’s seven biggest economies on Tuesday vowed to fight rising ransomware attacks amid the COVID-19 pandemic,...