Emerging Markets
Chubb Will Cover Uber Drivers in South Africa
Uber Technologies Inc. is partnering with security and insurance company Chubb Ltd. to cover its South African drivers in case of death or injury as violent attacks plague the country's cities. The ...
China’s Fosun International Mulls Takeover of Belgian Insurer Ageas
Fosun International Ltd., the Chinese group backed by billionaire Guo Guangchang, is considering an offer for all or parts of Belgian insurer Ageas in what could be its boldest move to expand its ...
China’s Anbang Insurance Reportedly Prepping to Sell $10B in Overseas Properties
China's Anbang Insurance Group Co Ltd is looking to offload overseas properties worth about $10 billion to shore up its balance sheet as part of a government-backed rescue, three people with ...
China’s Ping An Insurance Behind Launch of Hong Kong Banking Blockchain
Hong Kong's banking regulator and seven banks, including HSBC Holdings PLC and Standard Chartered PLC , on Tuesday said they will jointly launch a trade finance platform in September using blockchain ...
Lloyd’s Platform Likely Can’t Be Used for Iran Insurance; U.S. Sanctions to Blame
New U.S. sanctions are likely to prevent the use of a Lloyd's of London IT platform for any Iran insurance, adding to difficulties for European insurers providing cover for the country. European ...
China’s Anbang Insurance Is Exploring Its First European Divestment
Anbang Insurance Group Co. is exploring a sale of Belgian insurer Fidea, people with knowledge of the matter said, in what would be the troubled Chinese insurer's first European divestment since it ...
Crypto Thefts Are Surging, Spurring More Coin Money-Laundering
Criminals are stealing more cryptocurrency from exchanges, and that's driving growth in a cottage industry of services that allows for money laundering of coins, according to a new report. In the ...
Citigroup’s Mexico Division Will Distribute Chubb Insurance, Surety Products
Chubb and Citigroup have sealed a distribution agreement involving the sale of insurance products in Mexico. The arrangement takes place through local divisions of each company: Citigroup's ...