French insurer Axa said it would appeal against a ruling of the Paris commercial court that ordered the firm to pay five restaurant owners who [...]…
JC Partners again defers KDB Life acquisition September 28, 2020 Verdict Staff US businesses urge insurers to stop providing coverage to fossil fuel firms
A group of companies in the US has urged the insurance industry to stop offering coverage to fossil fuel companies. About 60 companies, including Ben [...]…
Swiss Re accelerates transition to low-carbon economy with triple-digit internal carbon levy
Swiss Re has accelerated its transition towards a low-carbon economy with the introduction of triple-digit internal carbon levy on its direct and indirect operational emissions. [...]…
China’s Anbang Insurance reportedly plans to seek regulatory approval to disband and liquidate
China’s Anbang Insurance Group has decided to approach the country’s banking and insurance regulator to disband and liquidate the company, the Reuters has reported. The [...]…
China to take over four insurers and two trust firms over poor governance
Chinese banking and insurance watchdog has decided to take over four insurers and two trust firms for one year starting from July 17, according to [...]…
French watchdog urges insurers to separate role of chair and CEO
The French financial watchdog, has reportedly asked the country’s insurers to separate the roles of chairman and CEO, the Financial Times has reported. French Prudential [...]…
India shelves plans to merge three general insurers; to infuse $1.65bn capital
The Government of India has decided to drop plan of merging three public sector general insurance companies and instead decided to infuse INR124.5bn ($1.65bn) into [...]…
Fidelis, Aon and Marsh introduce new marine cargo clause against modern slavery
Fidelis, Aon and Marsh have introduced a new marine cargo clause for the London market to root out modern slavery from export supply chain. The [...]…
Lloyd’s vows to compensate for role in trans-Atlantic slave trade
Insurance firm Lloyd's of London has issued an apology and pledged to make payments for its ‘shameful’ role in the 18th and 19th Century Atlantic [...]…
OneDegree receives licence to offer online-only insurance in Hong Kong
The Hong Kong Insurance Authority (IA) has awarded a virtual insurance licence to OneDegree Hong Kong. The licence will allow the company to offer non-life [...]…
