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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...
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Danish Insurer Alpha Insurance goes bust
Alpha Insurance – one of the major home and motor fleet insurance companies in Europe- is bankrupt. The Denmark-based insurer admitted to be struggling...
Willis Towers Watson becomes first fully licensed foreign broker in China
China’s Banking Insurance Regulatory Commission (CBIRC) recently announced that Willis Towers Watson, the leading global advisory, broking and solutions company, has been granted permission...
Deutsche Bank moves euro clearing operations as Brexit risks mount
Germany’s biggest bank, Deutsche Bank has shifted an important part of its euro clearing business to Frankfurt from London due to Brexit. The move...
German Finance Minister calls for EU-wide unemployment insurance
German Finance Minister Olaf Scholz suggested that the time has come to create a Europe-wide network for unemployment insurance to breathe life into the...
EU regulator publishes guidelines on MiFID II requirements
The European Securities and Markets Authority (ESMA) recently published report updates in regards to the transparency and market structure issues under the Market in...
US Supreme Court Amex ruling changes credit card business
The United States Supreme Court greatly increased the amount of control that credit card companies, banks, and online platforms have over the retail process...
Murder insurance exposes insurers to political risks
Politically motivated regulatory action is a growing threat to insurers, particularly in America.
Accusations that “murder insurance” was being sold to gun owners prompted the...
Students gambling their loans on cryptocurrency investments
Slightly more than one in five US college students, 21.2%, admitted to financing cryptocurrency purchases with student-loan funds, a study by The Student Loan...
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...
World Bank issues historic $1.36bn catastrophe bond covering Latin American earthquakes
The International Bank for Reconstruction and Development (IBRD), the main component of the World Bank Group, has issued Latin American earthquake-linked catastrophe bonds (known...
Insurers will cover Zika losses with conditions
Marathon swimmers dread Rio’s polluted waters.
The US men and women basketball teams will stay on a docked cruise ship rather than brave the Spartan...
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,...
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...
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...
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,...
Munich Re backs Mellat Insurance in fresh agreement
Munich Re has recently entered into a reinsurance agreement with Iranian insurer Mellat Insurance. The contract which was finalized at the end of April...
Insurers to capitalise on Saudi Arabia lifting women driving ban
Insurers are set to profit from the recent Saudi Arabia announcement to end a longstanding royal policy that prohibited women from obtaining licenses, and...
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...
China’s sovereign wealth fund increasing risk appetite
China Investment Corp. (CIC) is pulling out all stops to forge ahead with investments in the United States after a successful foray last year....
Willis Towers Watson becomes first fully licensed foreign broker in China
China’s Banking Insurance Regulatory Commission (CBIRC) recently announced that Willis Towers Watson, the leading global advisory, broking and solutions company, has been granted permission...
