Ant Financial Services Group, the world’s biggest financial technology company, plans to focus its expansion plans in Asia before looking to go more global, a senior official said on Tuesday. Ant, Alibaba Group Holding Ltd.’s online finance arm, will offer …
Markel International has acquired Galleon Marine Insurance Agency, the London based MGA that specializes in marine professional indemnity and cargo liability business. Markel Capital Holdings today acquired the issued share capital of Galleon; details of the terms of the agreement …
XL Catlin’s insurance operations announced the launch of its Consumer Products Recall solution. It has been designed to meet the needs of manufacturers of a broad range of consumer products including toys, clothing, household goods, electronics and sports equipment, the …
Britain will boost its cyber security defenses with a 1.9 billion pound ($2.32 billion) investment due to be announced by Finance Minister Philip Hammond later on Tuesday, a statement from the Treasury said. The new National Cyber Security Strategy will …
There is likely to be a significant flight of financial activity out of Britain if companies are no longer regulated on equivalent terms to those in the European Union after Brexit, European Central Bank council member Philip Lane said on …
Northern Ireland’s High Court on Friday rejected an attempt to block Britain’s exit from the European Union, saying that neither the province’s parliament nor its laws could override a decision by the British government. But it said it would defer …
Uber Technologies Inc. lost a lawsuit over pay and vacation time for U.K. drivers at the car-sharing service in a ruling that could change how workers are treated in the country’s burgeoning gig economy. Three London tribunal judges turned to …
Swiss Re has entered into an agreement as sole reinsurer to protect seven prefectures of Guangdong province, China, in partnership with local insurers, led by the People’s Insurance Company of China (PICC) in 2016. The pilot program offers insurance cover …
If you want to see the future of New York, Tokyo, or Mumbai, look no further than West Antarctica, where a warmer sea is turning ice into water that may be headed to your doorstep. The bottom of the world …
The two powerful earthquakes that hit central Italy on Oct. 26 are considered aftershocks of the deadly Aug. 24, M6.2 earthquake that occurred near Teramo, which about 50 miles south-southeast of the latest temblors, according to Boston-based catastrophe modeling firm …
