China’s Ant Group Reports 39% Rise in Profits on Investment Gains November 18, 2021 By Patrick Winters Ant Group Co.’s profit rose an estimated 39% in the June quarter, attributed to a gain in investments as billionaire...
Finance System Is Getting More Dangerous, Not Safer: Allianz CEO November 18, 2021 By Tom Sims and Alexander Hübner FRANKFURT – Allianz Chief Executive Officer Oliver Baete said on Thursday that the financial world was getting more dangerous, not...
‘Extraordinary’ Storms Cut Off Road, Rail Access to Vancouver November 18, 2021 By Marcy Nicholson and Natalie Obiko Pearson Vancouver, Canada’s third-largest city, is cut off from the rest of the country by land after days of storms caused...
India’s Paytm Tumbles in Market Debut, as Investors Question Lack of Profits November 18, 2021 By Nupur Anand and Sankalp Phartiyal MUMBAI – Indian digital payments firm Paytm tumbled 25% on its maiden day of trade on Thursday, with investors questioning...
Update: Zurich Insurance Will No Longer Underwrite New Oil Exploration Projects November 18, 2021 Zurich Insurance Group will no longer underwrite new greenfield oil exploration projects, Europe’s fifth-largest insurer said on Thursday in an...
P/C Insurer Definity Raises $1.1B in Largest Canadian IPO of 2021 November 18, 2021 By Kevin Orland Definity Financial Corp., the property and casualty insurer formerly known as Economical Mutual Insurance Co., raised about C$1.4 billion ($1.1...
Rise in Insurance Demand Likely to Break Premium Records in 2022: Swiss Re November 17, 2021 Strong growth and record premiums are projected for the global insurance industry, as demand for risk protection increases, according to...
Allianz Becomes First Wholly Foreign-Owned Life Insurer in China November 17, 2021 Allianz said on Wednesday that its Chinese life insurance business had received regulatory approval that will allow it to become...
South Africa Sued Over Plans to Construct New Coal-Fired Power Plants November 17, 2021 By Antony Sguazzin South Africa’s energy regulator and energy minister have been sued by environmental activists over national plans to allow the construction...
‘Storm of Century’ Halts Traffic at Canada’s Biggest Port, Adding to Supply Chain Woes November 17, 2021 By Marcy Nicholson and Natalie Obiko Pearson Traffic at Canada’s largest port has been cut off by what local officials are calling the storm of the century,...