The Japanese government has asked insurers to take on additional risks to continue providing marine war insurance for liquefied natural gas (LNG) shippers in Russian waters, a senior official at the industry ministry said.
Swiss fintech Leonteq said on Tuesday that it was lowering its profit expectations for 2022 due to reduced client demand in the second half of the year.
Three Japanese insurance companies that are set to halt marine coverage of risks related to the war in Ukraine starting next month are in talks with reinsurers to resume those operations, they said on Monday.
India's federal investigating agency has arrested former ICICI Bank Ltd Chief Executive Officer Chanda Kochhar in connection with a loan fraud case involving the bank and Videocon Group, a source from the Central Bureau of Investigation (CBI) told Reuters on Friday.
Global equity funds have recorded their biggest weekly outflows since March 2020, hit by recession fears as central banks vow to keep interest rates higher to tame inflation.
Credit Agricole on Friday struck a long-term bancassurance partnership with Italy's Banco BPM , strengthening ties with the country's number three lender, in which it is already the top investor.
ABP, the largest Dutch pension fund with around 500 billion euros ($530 billion) in assets, expects to cut a large number of companies from its portfolio to restrict its investments to those that make a real effort to become climate neutral.
French bank Credit Agricole said on Friday it had struck a long-term bancassurance partnership deal with Italy's Banco BPM (BBPM) to provide non-life insurance products and related services through BBPM's networks.
Citigroup Inc on Thursday named Hamza Girach and Rizwan Shaikh as co-heads of emerging markets at its banking, capital markets and advisory division in Europe, the Middle East and Africa (EMEA).
