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KPMG Loses More Staff & Clients in Continuing Fallout From S. Africa Gupta Scandal

KPMG LLP is continuing to lose staff and clients in South Africa more than a year after issuing a public apology for some of the work it did in the country, according to people familiar with the matter. A team …

Berlin-Based Insurtech Firm Coya Launches with Home Content Insurance – as a Start

Insurtech startup Coya has launched home content insurance cover, designed to be “affordable, transparent and easily accessible.” But Berlin-based Coya said home insurance is just the start and many other forms of insurance are planned. Coya’s flexible contracts can be …

Insured Losses from China’s Typhoon Mangkhut Estimated at US$1B-US$2B: AIR

Industry insured losses from Typhoon Mangkhut in mainland China, Hong Kong, and Macau will be between US$1 billion and US$2 billion, according to catastrophe risk modeling firm AIR Worldwide. After making landfall in the Philippines, Typhoon Mangkhut doused a less …

AXA XL Names Moniz & Scully to Lead Excess Casualty Teams in Bermuda, Dublin, Respectively

AXA XL announced two senior promotions within its Excess Casualty Insurance business. Effective immediately Vivienne Moniz and Elaine Scully have been appointed as head of Excess Casualty, Bermuda, and head of Excess Casualty, Dublin, respectively. Their responsibilities will include driving …

UK Financial Firms Expect 5,766 Jobs to Move with Hard Brexit: 3rd Reuters Survey

As few as 630 UK-based finance jobs have been shifted or created overseas so far ahead of Brexit, while the number of jobs that UK-based financial institutions said they expected to move in the event of a “hard” Brexit is …

As Brexit Day Nears, 630 UK Financial Services Jobs Have Shifted to EU, Reuters Finds

As few as 630 UK-based finance jobs have been shifted or created overseas with just six months to go before Brexit, a far lower total than banks said could move after Britain’s surprise vote to leave the European Union, according …

Congress on Track to Double Size of U.S. Overseas Investment Agency

The head of the main U.S. agency for aiding developing country infrastructure projects said on Monday the ability to extend funding for such investments is expected to double if new legislation is approved by the U.S. Congress. Ray Washburne, president …

NAMIC Honors Rochman with Chairman’s Award

The insurance trade group National Association of Mutual Insurance Companies presented its Chairman’s Award to Julie Rochman, former president and CEO of the Insurance Institute for Business and Home Safety, at the association’s annual convention in San Antonio. “Through her …

Workers Overdose On the Job and Employers Struggle to Respond

PORTLAND, Ore. — Jimmy Sullivan prepared for his job as a bricklayer the same way every morning for years: injecting a shot of heroin before leaving his car. The first time he overdosed on the job, in 2013 at a …

U.S. Safety Agency Targets Pilot Fatigue with Technology, Stricter Work Rules

U.S. accident investigators probing a San Francisco incident last year in which a jetliner was mere feet from landing on top of at least one other plane are poised to recommend new automated safety warnings and better pilot-fatigue protections. An …

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