International
Uh-Oh, VW: Two Million Diesel Car Owners Could Join Class Action Suits
Around two million diesel car owners in Germany could join class action lawsuits to seek compensation from Volkswagen, Justice Minister Katarina Barley said on Wednesday. The German cabinet approved ...
Former Anbang Insurance Chairman Slapped With 18-Year Prison Sentence Over $10B Fraud Case
Wu Xiaohui, former chairman of Anbang Insurance Group Co., was sentenced to 18 years in prison after being convicted of fundraising fraud and embezzlement, according to the official Xinhua News ...
The Latest Launches From Great American, Generali and XL Catlin
Great American Insurance Group is working with another party to launch a national coverage program for repair shops in the U.S. focused on antique and classic car restoration. Generali's Global ...
Zurich Insurance CFO Quinn: ‘We Don’t Exist to Do M&A’
Zurich Insurance has no plans for a big merger, it said on Wednesday, despite speculation of a pick-up in dealmaking in the industry and that the Swiss company could get involved. The insurer's ...
With Eye on Brexit, Tokio Marine Picks Luxembourg as EU HQ
Tokio Marine Group said it has received regulatory approval from Luxembourg's Commissariat aux Assurances and the Japanese Financial Services Authority to set up a new insurance company in ...
Europe’s Regulators Say They Aren’t Ready for Sweeping New Data Privacy Law
Europe's General Data Protection Regulation (GDPR) has been billed as the biggest shake-up of data privacy laws since the birth of the web. There's one problem: many of the regulators who will police ...
China’s Anbang Insurance Reportedly Reviewing Assets for Possible Divestments
Anbang Insurance Group Co., the once-acquisitive Chinese insurer that's operating under government control, said it is in the process of reviewing all of its overseas assets amid reports of imminent ...
Data Ownership Differences Mean EU Privacy Reg Won’t Be Copied in U.S. Anytime Soon
Beginning May 25, any company from any country that collects, stores, or transmits data on citizens of European Union countries will be subject to the EU's strict new data privacy directive known as ...