HSBC to Shift $20 Billion Worth of Assets to Blockchain-Based Platform December 3, 2019 By Tom Wilson and Lawrence White HSBC aims to shift $20 billion worth of assets to a new blockchain-based custody platform by March, in one of...
China’s Insurance Giant Ping An Increasingly Focuses on ‘Technology Plus Finance’ December 3, 2019 By Bloomberg Markets Just 31 years after it was founded in China’s southern city of Shenzhen, Ping An Insurance (Group) Co. has grown...
Typhoon Kammuri Hits Philippines, Killing at Least 3, Displacing 500,000 More December 3, 2019 By Cecilia Yap and Ditas Lopez The Philippines reopened its main airport late Tuesday as Typhoon Kammuri heads to the South China Sea, leaving at least...
Arch Capital Group Finalizes Acquisition of Barbican Group Holdings December 2, 2019 Arch Capital Group Ltd. announced the completion of its previously disclosed acquisition of Barbican Group Holdings Ltd. (Barbican), including Barbican...
Berkshire Hathaway Specialty Insurance Offers Commercial Crime Cover in Asia Market December 2, 2019 Berkshire Hathaway Specialty Insurance (BHSI) announced that it is introducing Commercial Crime Insurance in Asia, a new policy designed to...
European Investors Urge Big-Four Auditors to Take Action on Climate Risks December 2, 2019 By Matthew Green and Simon Jessop European investors managing assets worth more than 1 trillion pounds ($1.28 trillion) are pressing top auditors to take urgent action...
Hong Kong Insurance Sales to Mainland Chinese Clients Drop 18% on Escalating Protests December 2, 2019 By Alfred Liu Insurance sales in Hong Kong to mainland Chinese customers declined in the third quarter as escalating protests halted visits to...
France to Require Insurers, Banks to Run Climate Change Stress Tests in 2020 December 2, 2019 France’s financial regulator will subject banks and insurers to climate change stress tests next year, central bank governor Francois Villeroy...
Zurich CEO Says Big Transnational M&As Won’t Solve Industry Fragmentation: Report December 2, 2019 The European insurance sector is too fragmented but large cross-border deals are not the solution to the problem, the head...
Coastal Damages from Climate Change Could Cost U.K. Economy Billions by 2050: WWF November 27, 2019 By Jill Ward The U.K. economy could face hits of more than 12 billion pounds ($15.4 billion) a year by 2050 from coastal...