Although Russia and Ukraine hinted at new diplomatic efforts aimed at avoiding a conflict, two Ukrainian airlines have disclosed problems in securing insurance for some of their flights with foreign carriers beginning to avoid Ukrainian airspace. Ukraine’s biggest airline said,… Read More ›
On Monday, in a statement state-owned Shanghai Securities News said citing a central bank official, with high-carbon industries pulling out of China is likely to lead to a possible re-evaluation of invested financial resources; it is also likely to strengthen… Read More ›
On Thursday, in a significant development, the European Union and Britain are on the cusp of striking a trade deal potentially overcoming a cliffhanger Brexit. Britain’s Brexit has dealt a blow to pioneering efforts to bring together a unity among… Read More ›
On Monday, the California Department of Insurance proposed reform measures which includes ways for insurers to include more people from low-income families. Currently insurers offer group discounts based on education, occupation, and other factors, to the detriment of low-income families…. Read More ›
Asset managers, banks, and insurers in London are expanding their European operations or opening new offices there to avoid a disruption from Britain’s potentially chaotic departure from the European Union. On Wednesday, in a significant development, Earnest and Young (EY)… Read More ›
Its very likely that the European Union will place Britain in the same category that it places the U.S. and Singapore: restricted market access to the Eurozone. On Tuesday, John Glen, Britain’s Economic Secretary to the Treasury, stated, financial services… Read More ›
Luxembourg and Dublin have emerged as favorites among firms who are shifting their European operations from Britain following Brexit. According to sources familiar with the matter at hand, Goldman Sachs has picked Dublin as a location for its administrative staff… Read More ›
Without access to the “grandfathering” process, the legality of insurance contracts to EU citizens, including UK expats, will be null and void. On Monday, British lawmakers have urged Theressa May’s government to address the status of cross-border pensions and insurance… Read More ›
While end users will benefit, insurers will have to bite the bitter pill of additional costs. With the introduction of uniform international book-keeping standard, details of which are to be published on Thursday, slated to take place from January… Read More ›
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