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Huawei 5G vision at Mobile World Conference 2018

EU seeks tougher scrutiny over Huawei 5G cyber security risks

The European Union (EU) is worried about potential cyber security risks from Chinese technology companies. Several members are concerned with China’s behaviour in the...

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Wildfires in California, CA

American insurers enter the firefighting business

Climate change is forcing American insurance companies to enter the firefighting business. Chubb, in particular, operates its own fire brigade called Wildfire Defense Services. The...
CVS Health takes over Aetna insurer

CVS Aetna takeover signals US healthcare consolidation

America’s private health insurance system is rapidly becoming centralized. Shareholders approved drugstore giant CVS Health takeover of the insurance company Aetna Inc. The $69 billion...

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Huawei 5G vision at Mobile World Conference 2018

EU seeks tougher scrutiny over Huawei 5G cyber security risks

The European Union (EU) is worried about potential cyber security risks from Chinese technology companies. Several members are concerned with China’s behaviour in the...
Deutsche-Bank-main-building

Deutsche Bank settles €4m ‘Cum-Ex’ fraud investigation

Deutsche Bank settled a €4 million fraud investigation with German public prosecutors for its role in helping clients carry out dubious tax deals, Bloomberg...
Matteo Salvini speaking about the future of Europe in the European Parliament

Moody’s downgrades Italy credit ratings on budget deficits concerns

Italy appears to be in the midst of another major financial crisis as Moody’s cut its credit ratings from “Baa2” to “Baa3”, one level...
Unhappy woman driving her car

California could increase auto insurance rates for women by fighting gender...

Strangely, the California Insurance Commissioner could increase auto insurance rates for women to fight gender discrimination. To explain, new regulations in California prohibit the use...
The SEC accused two robo-advising firms with misleading clients.

American regulators target robo-advisers

America’s chief investment regulator, the Securities and Exchange Commission (SEC), is cracking down on robo advisers. In particular, the SEC is fining prominent robo...
General Electric

General Electric’s massive debts risk breaking it up

General Electric (GE), one of the most iconic names in American business, is cracking up because of debts. A company founded by Thomas Edison...
President Jair Bolsonaro during inauguration, Jan 2019

Five risks from Brazil’s newly-elected president Jair Bolsonaro

Brazil’s newly elected President Jair Bolsonaro is proposing radical policies that could destabilize his nation and South America. Observers fear instability because the far-right Bolsonaro...
Venezuela President Nicolas Maduro launching the Petro cryptocurrency

Venezuela defying the odds with new cryptocurrency, El Petro

Nicolas Maduro has advised government workers to invest in the newly created cryptocurrency, El Petro. The Venezuela president made the call (in Spanish) on...
US Dollar hike harming Latin American economies

Rising US Dollar puts Latin American economies at risk

The rising US dollar is increasing the risk of a serious global economic crisis. The dollar’s rise has triggered economic chaos in Latin America...

Lloyd’s opens new Morocco office in Casablanca Financial City

Lloyd’s of London, the world’s oldest insurance market, is expanding its African footprint with a new office in Casablanca, Morocco. After several months of negotiations,...
Zurich-South-Africa-Offices

Fairfax acquires Zurich’s South Africa and Botswana insurance operations

Fairfax Financial Holdings recently announced that it has entered into an agreement with Zurich Insurance Company to acquire 100% of its South African and...
South African gold-miners

Silicosis class action lawsuit – Claimants win first round

In the first round of a class action lawsuit, which has garnered a lot of international publicity, silicosis claimants had their class action lawsuit...
Yallacompare website car insurance homepage

Dubai-based Yallacompare raises $8m for MENA expansion

Dubai-based financial comparison platform Yallacompare has raised $8 million in its latest round of funding, led by venture capital firm Wamda Capital and STC...
Iran's Securities and Exchange Organisation HQs

Iran considering Insurance-Linked Securities market for reinsurance

Iran is considering the development of new financial products, including insurance-linked securities and Islamic bonds, to alleviate the US sanctions on its economy. The...
Turkey Bureau de change

Turkey’s debt rating hit on concerns over hard landing risks

Turkey’s recent debt rating cuts are stoking fears of the potential for a hard landing due to a depreciating lira, a private credit boom,...
Hong Kong's insurance regualtor intends to promote insurtech

Bowtie raises $30m after securing Hong Kong’s first online-only insurer license

Hong Kong-based digital insurance start-up Bowtie has raised $30 million in its Series A funding round, led by Canadian insurance company Sun Life Financial. This...
Wendy Harris speaking during Royal Commission Misconduct Financial Services Industry hearing

Greed-driven misconduct exposes Australia’s banking sector

Australia’s banking sector shocked the world with blatant misconduct which highlighted selfish means for short-term financial gain. The intervention by the Royal Commission has brought...
Woman presenting top insurance brands market share

Most valuable global insurance brand 2018 is …

China leads and dominates the global insurance ranking in a recently published Kantar Millward Brown’s 2018 Brandz report.  The Brandz™ report tracks the value...