Swiss Re announced the appointment of Tavaziva (“Tava”) Madzinga as its new reinsurance managing director & market executive for Middle East and Africa. His appointment is effective Nov. 1, 2016, subject to appropriate regulatory and board approvals. Madzinga will join …
Tens of millions of vehicles sold by Volkswagen AG over the past 20 years, and some current models, are vulnerable to theft because keyless entry systems can be hacked using cheap technical devices, according to European researchers. Computer security experts …
More than 10,000 pregnant women in France took Sanofi’s anti-epilepsy drug Depakine between 2007 and 2014 although the risk of fetus malformation was known, according to a study quoted by French satirical weekly Le Canard Enchaine. The weekly reported that …
Zurich announced the appointment of Jack Howell, (46, U.S. citizen) to the role of regional chief executive officer of Zurich in Asia Pacific, effective Sept. 1, 2016. In his role he will report to Mario Greco, group chief executive officer …
Jin-Yong Cai, a TPG Capital partner and the former head of the World Bank’s investment arm, joined the board of insurance broker Aon Plc. He was appointed to the board’s finance and organization and compensation committees, the London-based firm said …
Ironshore’s Pembroke Managing Agency Ltd. announced the formation of the Specie Consortium, a new venture supported by 21 Lloyd’s Syndicates offering up to US$635 million in capacity for any one risk worldwide. The Specie Consortium is led by three syndicates: …
Zurich Insurance Group AG said second-quarter profit fell 12 percent on higher restructuring charges and claims from natural catastrophes as Chief Executive Officer Mario Greco overhauls the company’s biggest unit. Net income declined to $739 million from $840 million a …
Pacific Investment Management Co.’s Total Return Fund increased its stake in U.S. government debt to a 25-month high in July as rally in Treasuries pushed yields to an all-time low and then fizzled. Pimco is owned by Allianz Asset Management …
Growth slowed across British business services and consumer spending eased last month, a Bank of England survey showed, offering a more mixed picture of the economy than some of the gloomier indicators since June’s Brexit vote. The BoE released some …
London is famous for its numerous parks and gardens, but even those green spaces aren’t safe from pollution. The air in many city parks surpass legal limits for nitrogen oxide set by the European Union, according to data website Asiopendata.com. …
