International
China Pledges to Remove Financial Company Foreign Ownership Limits by 2020
China said it will bring forward plans to remove foreign ownership limits on financial companies, as it speeds up efforts to open the $44 trillion industry to overseas competitors. Full foreign ...
Dutch Agency Warns State-Backed Cyber Espionage Is Becoming Escalating Threat
The Dutch intelligence agency (AIVD) on Thursday warned of the escalating threat of state-backed cyber espionage, saying the Netherlands was particularly vulnerable as a hub for international ...
China Establishes New Insurance Group to Take Over Anbang’s Main Operations
China has created the new insurance group set to take over the main operations of Anbang Insurance Group Co., the once-acquisitive conglomerate that's under state control. Beijing-based Dajia ...
Executives On The Move at AIG and Its Blackboard Insurance Division
American International Group hired an executive to fill the new position of Global Head of Shared Services. AIG's Blackboard Insurance hired someone to be its new head of Growth and ...
Swiss Re’s Proposed Spinoff of ReAssure Valued at Up to $4.2B
UK life assurance business ReAssure will be valued at up to 3.3 billion pounds ($4.2 billion) when it floats on the London Stock Exchange, its largest shareholder Swiss Re said on Thursday. Swiss Re, ...
Moody’s, Israel’s Team8 Link Up to Create Global Cyber Risk Assessment Standard for Businesses
Ratings agency Moody's Corp and Israeli cyber group Team8 launched on Thursday a joint venture to assess how vulnerable businesses are to cyber attacks and create what they hope will become a global ...
Executives On The Move at A.M. Best and Berkshire Hathaway Specialty Insurance
The head of A.M. Best Ratings Services is retiring, and his replacement will come from within the organization. A veteran QBE executive is joining Berkshire Hathaway Specialty Insurance in a ...
InsurTech Utopia Driven by Data Sharing Impeded by Data Ownership Uncertainty
Insurers need to learn to share their data if they want to take full advantage of the mountain of information generated from connected devices, insurtech executives say. Along the way, somebody's got ...